BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Is Citi preparing to repay TARP?]]>http://www.bloggingstocks.com/2009/12/10/is-citi-preparing-to-repay-tarp/http://www.bloggingstocks.com/2009/12/10/is-citi-preparing-to-repay-tarp/http://www.bloggingstocks.com/2009/12/10/is-citi-preparing-to-repay-tarp/#commentsFiled under: ,

Reports are surfacing that Citigroup (C) may be gearing up to pay back some for the $45 billion it received from the Troubled Asset Relief Program (TARP). According to CNBC, Citi is going to raise as much as $20 billion through a stock offering as part of these plans. The report notes that Citi's CEO Vikram Pandit has changes his travel plans so he can announce an equity offering today.

Furthermore, Citi chairman Dick Parsons indicated to CNBC that the bank "is in a position to repay the TARP money, but there is an active discussion we have to have with regulators." An earlier report hinted that Citi and government regulators disagreed over how much C should raise to taxpayers.

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Is Citi preparing to repay TARP? originally appeared on BloggingStocks on Thu, 10 Dec 2009 09:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cCitigroupeconomic crisisEconomicCrisisfeaturedTARPTARP repaymentTarpRepaymentThu, 10 Dec 2009 09:20:00 EST<![CDATA[More bank stress tests needed?]]>http://www.bloggingstocks.com/2009/06/09/more-stress-tests-needed/http://www.bloggingstocks.com/2009/06/09/more-stress-tests-needed/http://www.bloggingstocks.com/2009/06/09/more-stress-tests-needed/#commentsFiled under: , ,

The Congressional Oversight Panel announced in a report this morning that it feels more bank stress tests are needed, especially if unemployment rates continue to rise. The group believes that the stress tests should be repeated periodically as long as banks continue to hold toxic assets.

The panel used a risk-modeling approach that is described as "reasonable and conservative," but added that it is impossible for an outside party to mirror the loss projections that form the core of the stress tests. The group noted that the "more adverse scenario" assumption for the U.S. unemployment rate in the tests has nearly been met in 2009. The yearly average for the unemployment rate stands at 8.5%, which isn't far from the 8.9% assumed in the first round of stress tests. The group recommended that the "Treasury publicly track the status of its stress test macro-economic assumptions (unemployment, GDP, and housing prices) and repeat the stress test if the adverse scenario assumptions have been exceeded."

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More bank stress tests needed? originally appeared on BloggingStocks on Tue, 09 Jun 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank stress testsBankStressTestseconomic crisisEconomicCrisisGDPhousing pricesHousingPricesinthenewsRupert MurdochRupertMurdochTARPtarp repaymentTarpRepaymentunemploymentTue, 09 Jun 2009 10:10:00 EST<![CDATA[Fed to okay TARP repayment for some banks, appoint a Pay Czar]]>http://www.bloggingstocks.com/2009/06/08/fed-to-okay-tarp-repayment-for-some-banks-appoint-a-pay-czar/http://www.bloggingstocks.com/2009/06/08/fed-to-okay-tarp-repayment-for-some-banks-appoint-a-pay-czar/http://www.bloggingstocks.com/2009/06/08/fed-to-okay-tarp-repayment-for-some-banks-appoint-a-pay-czar/#commentsFiled under: , , , , , ,

This morning, the U.S. Federal Reserve is expected announce that some banks will be allowed to repay the money lent to them under the Troubled Asset Relief Program (TARP). Some of the banks expected to receive approval are Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), American Express (NYSE: AXP), Morgan Stanley (NYSE: MS), State Street (NYSE: STT) and U.S. Bancorp (NYSE: USB). All of these banks have expressed interest in repaying the government.

What is interesting is that there will be yet another Czar joining the White House, a "Repayment Czar," (what is the deal with the media's fascination with Russian royalty?) or as the administration will call the position, the "Special Master for Compensation."

Continue reading Fed to okay TARP repayment for some banks, appoint a Pay Czar

Fed to okay TARP repayment for some banks, appoint a Pay Czar originally appeared on BloggingStocks on Mon, 08 Jun 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>axpbbtgsinthenewsjpmmsObama administrationObamaAdministrationsttTARPTARP moneyTARP repaymentTarpMoneyTarpRepaymentTim GeithnerTimGeithnerusbMon, 08 Jun 2009 10:10:00 EST<![CDATA[Prudential says no to bailout, prefers to raise cash instead]]>http://www.bloggingstocks.com/2009/06/01/prudential-says-no-to-bailout-prefers-to-raise-cash-instead/http://www.bloggingstocks.com/2009/06/01/prudential-says-no-to-bailout-prefers-to-raise-cash-instead/http://www.bloggingstocks.com/2009/06/01/prudential-says-no-to-bailout-prefers-to-raise-cash-instead/#commentsFiled under: ,

Perhaps lost in all of the General Motors fallout is an announcement from Prudential Financial (NYSE: PRU) that it will not take any cash from the government's financial rescue program. Instead, the firm will raise $1.25 billion on its own by offering common stock.

Last month, Prudential and five other major insurers were given permission by the Treasury Department to use some TARP funds, but PRU has decided not to participate, joining the decision by Allstate and Ameriprise, which were among the other five banks.

Continue reading Prudential says no to bailout, prefers to raise cash instead

Prudential says no to bailout, prefers to raise cash instead originally appeared on BloggingStocks on Mon, 01 Jun 2009 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsPRUPrudential FinancialPrudentialFinancialraising capitalRaisingCapitaltarp fundstarp repaymentTarpFundsTarpRepaymentMon, 01 Jun 2009 09:50:00 EST<![CDATA[BB&T reveals plans to repay TARP funds]]>http://www.bloggingstocks.com/2009/05/11/bbandt-reveals-plans-to-repay-tarp-funds/http://www.bloggingstocks.com/2009/05/11/bbandt-reveals-plans-to-repay-tarp-funds/http://www.bloggingstocks.com/2009/05/11/bbandt-reveals-plans-to-repay-tarp-funds/#commentsFiled under:

Earlier this morning, BB&T (NYSE: BBT) announced that it will cut the size of its dividend as part of its plan to repay all stock and warrants that were invested in the company through TARP. BBT said that a 15-cent dividend will be paid on common stock in the third quarter -- 68% lower than the company's current 47-cent dividend.

BBT declare: "In addition to our current earnings, while superior to our peers, are not likely to justify our 47-cent dividend in the near term." The company said that the board decided to make the dividend cut thanks to "the risk and uncertainty associated with being a TARP participant." This reduced dividend will be paid on August 3 to shareholders of record as of July 10.

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BB&T reveals plans to repay TARP funds originally appeared on BloggingStocks on Mon, 11 May 2009 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debt repaymentDebtRepaymentdividenddividend cutDividendCutinthenewsstock offeringStockOfferingTARPTARP repaymentTarpRepaymentMon, 11 May 2009 08:30:00 EST