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Tag Archives: TARP

Overnight Market News – December 17, 2009

17-Dec-09

Bank of America Corp Appoints Brian T Moynihan as Chief Executive Officer to Replace Kenneth D Lewis Citigroup Inc Prices Share Issue to Repay TARP Funds at USD 3.15 per Share, Prompts US Government to Delay Offloading Stake UK Retail Sales Decline for First Time in Six Months Falling 0.3% in November from October, but [...]

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Four Banks Repay TARP Money

18-Jun-09

Four of the largest U.S. banks can give themselves pats on the back after repaying the TARP money that was loaned to them by the U.S. Government in order to make it through troubling times. The pay backs were as follows: JPMorgan, Chase & Co. – US$25B Morgan Stanley – US$10B Bancorp – US$6.6B BB&T [...]

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AMEX Looks To Repay TARP funds

09-May-09

After acing the U.S. Government’s stress tests, American Express (AMEX) gave investors more good news yesterday – while many of its rivals scramble to raise fresh capital, AMEX became the first major financial institution to make a formal request to repay US$ 3.4B in TARP (Troubled Asset Relief Program) funds. Though AMEX is not sure [...]

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