Morgan Stanley buys back warrants tied to TARP from Treasury Department for $950 millionAugust 6th, 2009 Morgan Stanley repurchases TARP warrantsNEW YORK — Morgan Stanley said Thursday it paid $950 million to buy back warrants from the government that could have eventually been converted to common shares in the bank. New York-based Morgan Stanley issued the warrants to the Treasury Department as part of the loan package it received under the Troubled Asset Relief Program.
JPMorgan to record $1.1 billion charge against 2Q earnings from TARP repaymentJune 19th, 2009 JPMorgan to record $1.1 billion charge in 2QNEW YORK — JPMorgan Chase & Co. said Friday it expects to record a $1.1 billion charge against its second-quarter earnings from its early repayment of $25 billion in taxpayer money the bank received under a federal bailout program.
Northern Trust repays $1.58 billion received as part of government investment programJune 17th, 2009 Northern Trust repays government investmentCHICAGO — Northern Trust says it has repaid the $1.58 billion it received last fall as part of the government's $700 billion bank bailout program. Chicago-based Northern Trust received the money as part of the Treasury Department's program to help revive the stagnant credit and lending markets amid one of the worst periods of the credit crisis.
Morgan Stanley pays back Treasury $10 billion in bailout fundsJune 17th, 2009 Morgan Stanley pays back $10B in bailout fundsNEW YORK — Morgan Stanley said Wednesday it repaid the $10 billion it received last fall as part of the government's $700 billion bank investment program. Morgan Stanley received the money as part of the Treasury Department's Troubled Asset Relief Program to help revive the stagnant credit and lending markets amid one of the worst periods of the credit crisis.
10 large US banks to repay government $68 billion in bailout funds, industry officials sayJune 17th, 2009 10 large US banks to repay $68B in TARP fundsWASHINGTON — Ten large U.S. banks are planning to repay the government about $68 billion in bailout money Wednesday, a pair of industry officials say.
Person familiar with situation says Morgan Stanley to repay bailout money WednesdayJune 17th, 2009 AP Source: Morgan Stanley to repay TARP WednesdayNEW YORK — Morgan Stanley is expected to repay its government bailout money on Wednesday, according to a person familiar with the talks between the bank and the government. The investment bank will return all of the $10 billion in loans it received last fall during the height of the credit crisis, said the person, who spoke on condition of anonymity because he is not authorized to speak publicly about the bank's plans.
US lets 10 big banks start repaying bailout moneyJune 9th, 2009 WASHINGTON - The US government has cleared the way for 10 big banks to start repaying billions of dollars in bailout funds, a crucial step in easing the adminstration' grip after an unprecedented series of interventions. The banks were deemed strong enough to leave the Troubled Asset Relief Programme (TARP) after months of lobbying and strong performances on recent stress tests, the New York Times reported Tuesday.
List of 10 banks that got Treasury approval to pay back their bailout moneyJune 9th, 2009 List of 10 banks that will repay bailout moneyThe Treasury has given 10 banks permission pay back a total of $68 billion in government bailout money. The banks include the eight recipients of bailout money that passed regulators' stress test last month, plus the investment bank Morgan Stanley and Chicago-based custody bank Northern Trust Corp.
16 of 19 stress-tested banks raise $75.2B in capital since early May, mostly by selling stockJune 8th, 2009 Stress-tested banks raise $75.2 billion in capitalSixteen of the 19 large banks that underwent government stress tests last month have raised more than $75 billion in capital, either because regulators required it or because the banks want to return federal bailout funds. Banks have also been issuing debt to prove to officials that they can finance operations on their own.
Morgan Stanley plans $2.2 billion stock offer as precursor to repaying government loanJune 2nd, 2009 Morgan Stanley to raise $2.2 billion in capitalNEW YORK — Morgan Stanley said Tuesday it will raise $2.2 billion through a stock offering as part of a plan to satisfy preconditions for repaying a government loan it received last fall amid the deepening credit crisis. Morgan Stanley priced the offering at $27.44 per share, an 8.2 percent discount from Monday's closing price of $29.89.
Morgan Stanley, JPMorgan and American Express sell stock with eye toward repaying TARP fundsJune 2nd, 2009 Three banks take steps toward repaying governmentNEW YORK — Morgan Stanley, JPMorgan Chase & Co. and American Express Co.
JPMorgan Chase seeks to raise $5 billion in bid to repay government's TARP programJune 1st, 2009 JPMorgan Chase to raise $5 billion to repay TARPNEW YORK — JPMorgan Chase & Co. said Monday it plans to raise $5 billion through a common stock offering as it seeks to repay the $25 billion that the bank was awarded in the government's troubled asset relief program.
More banks selling debt without FDIC guarantee to raise capital, prove soundnessMay 13th, 2009 JPMorgan to sell more unguaranteed debtNEW YORK — The new way for banks to flex their muscles? Selling bonds without the U.S. government backing them.
More banks selling debt without FDIC guarantee to raise capital, prove soundnessMay 13th, 2009 JPMorgan sells $2.5B more in unguaranteed debtNEW YORK — The new way for banks to flex their muscles? Selling bonds without the U.S. government backing them.
Wells Fargo, Morgan Stanley announce plans to raise capital after 'stress test' resultsMay 8th, 2009 Banks scramble for capital after 'stress tests'NEW YORK — Wells Fargo and Morgan Stanley said Thursday they'll try to raise billions in fresh capital, becoming the first major banks to scramble for money after the government said 10 large financial institutions need $75 billion in new funds. Meanwhile, American Express Co.
Loading ...