Repayment week Dec 9-14 | Dealbook blog


The banks are done with all the help planned for them since 08..here’s just the last 3 days. Reforms will establish a new normal for us bankers..Wells Fargo, Citi, BofA all return the stash , saving on interest, The J P Morgan auction and ING

INVESTMENT BANKING

Wells Fargo to Repay $25 Billion in TARP Money

December 14, 2009, 6:33 PMWells Fargo said Monday evening that it would repay the entire $25 billion that it received in the government’s bailout last year. It said some of the money would come from a $10.4 billion stock sale.

Bank of America, Citigroup, TARP, Treasury Department, Wells Fargo

INVESTMENT BANKING

Another View: Redefining How to Repay TARP

December 14, 2009, 11:42 AMThe government must reexamine the standards by which banks can repay the billions of dollars they received under the Troubled Asset Relief Program, an architect of the financial bailout writes in Another View.

Bank of America, Citigroup, David Nason, Goldman Sachs, Henry Paulson, J.P. Morgan Chase, State Street, TARP, Timothy F. Geithner, Troubled Asset Relief Program (2008), Wells Fargo

INVESTMENT BANKING

In JPMorgan Auction, U.S. Made the Right Choice

December 14, 2009, 10:00 AMDid the federal government get a better deal by auctioning off its warrants in JPMorgan Chase to private investors instead of letting the bank buy them back?

Bank of America, Citigroup, Goldman Sachs, J.P. Morgan Chase, Old National Bancorp, TARP, Treasury Department

INVESTMENT BANKING

Citi’s Internal Memo on Repaying Bailout Money

December 14, 2009, 7:28 AMDealBook has obtained Citigroup’s internal memo to employees about its deal to repay $20 billion of bailout money.

Citigroup, TARP, Treasury Department

INVESTMENT BANKING

Citi Strikes Deal on Bailout

December 14, 2009, 7:00 AMCitigroup was close to a deal on Sunday night to be the last of the big Wall Street banks to exit the government’s bailout program, after trying to persuade regulators that it was sound enough to stand on its own.

Citigroup, F.D.I.C., PNC Financial Services Group, TARP, Treasury Department, Wells Fargo

INVESTMENT BANKING

N.Y. Mellon Chief Said to Be in Lead for BofA Post

December 14, 2009, 5:45 AMBank of New York Mellon’s chief executive, Robert Kelly, is the front-runner to succeed retiring Bank of America chief Kenneth Lewis, but compensation issues could get in the way of a deal, The Wall Street Journal reported.

Bank of America, Bank of New York Mellon, Robert Kelly

PRIVATE EQUITY

Terra Firma Said to Seek Investors in EMI

December 14, 2009, 4:54 AMBritish private equity group Terra Firma wants to bring in outside investors to help prop up music company EMI Group, which is struggling with $4.2 billion of debt, The Observer reported.

Citigroup, EMI Group, Terra Firma

PRIVATE EQUITY

Abu Dhabi Gives Dubai $10 Billion

December 14, 2009, 4:35 AMAbu Dhabi, the oil-rich governing emirate of the United Arab Emirates, surprised investors on Monday by pledging to provide $10 billion to Dubai, easing fears about an outright debt default by the smaller, struggling emirate.

INVESTMENT BANKING

ING Will Repay $8.3 Billion in Aid Early

December 11, 2009, 6:21 AMThe Dutch financial services group ING, which came close to collapse last year, said Friday that this month it would repay half of the 10 billion euros provided by the government during the height of the financial crisis.

LEGAL

Geithner Sees ‘Headwinds’ on Road to Recovery

December 10, 2009, 1:15 PMThe United States economy is struggling against “headwinds” that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy F. Geithner said Thursday.

American International Group, Bank of America, Chrysler, Citigroup, General Motors, TARP, Timothy F. Geithner

INVESTMENT BANKING

Bank of America Finishes TARP Repayment

December 10, 2009, 5:11 AMBank of America fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.

Bank of America

INVESTMENT BANKING

Citi Is Eager to Pay Back Bailout Aid

December 10, 2009, 2:17 AMA year after accepting two taxpayer bailouts, Citigroup is racing to raise billions of dollars in the stock market to repay the aid, a crucial step in freeing itself from Washington’s grip.

via Andrew’s Dealbook Remember Andrew Sorkin is also writing the facebook movie!

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on December 15, 2009, in Financial Markets and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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