CVB Financial buys back preferred stock from Treasury DepartmentSeptember 2nd, 2009 CVB Financial buys back stock from governmentONTARIO, Calif. — CVB Financial Corp.
Northern Trust buys back warrants for $87 million to exit TARPAugust 26th, 2009 Northern Trust buys back warrants to exit TARPCHICAGO — Northern Trust Corp. said Wednesday it repurchased for $87 million a stock-purchase warrant issued to the federal government last fall, completing the final step to exit the Treasury Department's bank rescue program.
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.
American Express buys back TARP warrants from Treasury Department for $340 millionJuly 29th, 2009 American Express repurchases TARP warrantsNEW YORK — American Express Co. said Wednesday it repurchased outstanding warrants issued to the government as part of the Troubled Asset Relief Program for $340 million.
CVB Financial launches offering of $115 million in common stockJuly 21st, 2009 CVB Financial launches stock offeringONTARIO, Calif. — CVB Financial Corp.
Treasury plan to unwind bailout leaves billions of dollars on the table, oversight panel saysJuly 10th, 2009 Panel: Banks underpaying gov't to exit bailoutWASHINGTON — The Treasury Department is selling its financial stakes in bailed-out banks for one-third less than they're worth, potentially shorting taxpayers up to $2.7 billion, a bipartisan congressional watchdog said Friday. Treasury countered by noting that banks, including JPMorgan Chase & Co., think the department's asking prices are too high.
Bank of America authorizes $713 million payment to government under TARPJuly 2nd, 2009 Bank of America sets $713 million TARP paymentCHARLOTTE, N.C. — Bank of America Corp.
Treasury: private appraisers will be used if needed to value stock warrants for bailout banksJune 26th, 2009 Treasury sets purchase process for bank warrantsWASHINGTON — The Obama administration on Friday established its process for pricing billions of dollars worth of warrants that large banks must repurchase to exit the $700 billion bailout program. The Treasury Department said the banks will make the first offer for the warrants.
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.
State Street Corp. repays $2 billion receives as part of government investment programJune 17th, 2009 State Street repays $2B in TARP fundsNEW YORK — State Street Corp. says it was among the banks to repay $2 billion it received last fall as part of the government's $700 billion bank investment program.
Bank of New York Mellon repays $3 billion received as part of government programJune 17th, 2009 Bank of New York Mellon repays TARP fundsNEW YORK — Bank of New York Mellon said Wednesday it repaid the $3 billion it received last fall as part of the government's $700 billion bank investment program. Bank of New York Mellon 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.
Treasury says 12th bank has repaid support it received from $700 billion financial rescue fundMay 8th, 2009 Treasury says 12th bank has repaid bailout fundWASHINGTON — A Texas bank has become the 12th financial institution to return the money it received from the government's $700 billion bailout fund. The Treasury Department reported Thursday that Sterling Bancshares Inc.
Treasury says 11th bank has repaid support it received from $700 billion financial rescue fundMay 8th, 2009 Treasury says 11th bank has repaid bailout fundWASHINGTON — A Texas bank has become the 11th financial institution to return the money it received from the government's $700 billion bailout fund. The Treasury Department reported Thursday that Sterling Bancshares Inc.
Treasury provides $45.5 million to 7 new banks as part of $700 billion financial rescueMay 5th, 2009 Treasury provides $45.5M to 7 banks from bailoutWASHINGTON — The Treasury Department said Tuesday seven more banks have been approved to participate in the government's $700 billion rescue effort, and that a Colorado mortgage company was chosen to participate in a foreclosure mitigation program. The department said the government would purchase a total of $45.5 million in preferred stock in the seven banks, bringing the total supplied through the program to $198.02 billion for more than 500 banks.
Treasury selects 3 asset management firms for bailout program that buys bank stockApril 22nd, 2009 Treasury picks asset management firms for bailoutWASHINGTON — The Treasury Department on Wednesday selected three management firms to handle bank assets obtained as part of the $700 billion financial rescue program. The assets include stock warrants that Treasury has received as part of its program to buy nearly $200 billion in preferred shares in banks to help bolster their capital reserves and resume more normal lending to consumers and businesses.
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