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Results: 1-10 of 54

Repurchases of senior preferred stock held by Treasury: a critical decision for CPP participants

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 11 2009

The repurchase of senior preferred stock sold to the U.S. Treasury Department under the Capital Purchase Program (CPP) is coming to the forefront as a critical and possibly unavoidable decision for every banking organization that has participated in the CPP

Standard & Poor’s identifies likely European targets and potential U.S. acquirers

  • Alston & Bird LLP
  • -
  • European Union, USA
  • -
  • July 9 2010

In recent weeks, Standard & Poor's Market, Credit, and Risk Strategies (MCRS) group released its findings regarding the likelihood of U.S. companies engaging in mergers and acquisitions in Europe while also identifying possible targets

Treasury releases completed transactions report showing more CPP transactions

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 11 2009

Yesterday, Treasury released a completed transactions report showing its most recent round of completed funding under the Troubled Asset Relief Program

Geithner: "the financial system is starting to heal"

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 13 2009

In a speech this morning before the Independent Community Bankers of America (ICBA), while acknowledging that "the process of financial recovery and repair is going to take time," Treasury Secretary Geithner cited several key metrics that indicated that "the financial system is starting to heal"

TCF Financial files suit challenging constitutionality of Durbin amendment

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 13 2010

On Tuesday, TCF National Bank, one of the nation's largest debit card issuers, announced that it had filed suit challenging the constitutionality of the so-called "Durbin amendment" to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) "on three separate grounds: the regulations take our property without just compensation and without Due Process of Law; and they also deny us Equal Protection under the law."

Moody's discloses receipt of Wells Notice

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 10 2010

In its Form 10-Q filed late on Friday, Moody's Corporation disclosed that, on March 18, 2010, it "received a 'Wells Notice' from the Staff of the SEC stating that the Staff is considering recommending that the Commission institute administrative and cease-and-desist proceedings against MIS in connection with MIS's initial June 2007 application on SEC Form NRSRO to register as a nationally recognized statistical rating organization under the Credit Rating Agency Reform Act of 2006

Providence Bank assumes all of the deposits of Premier Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 17 2010

On Friday, the Missouri Division of Finance closed Premier Bank, headquartered in Jefferson City, Missouri, and appointed the FDIC as receiver

SEC will not appeal proxy access decision; Rule 14a-8 amendments on private ordering to become effective

  • Alston & Bird LLP
  • -
  • USA
  • -
  • September 8 2011

Late Tuesday, September 6, 2011, the Securities and Exchange Commission (SEC) Chairman Mary L. Shapiro issued a statement that the SEC would not seek a rehearing of the decision by the United States Court of Appeals for the District of Columbia Circuit vacating the SEC’s recently adopted Rule 14a-11 and related amendments and would not seek Supreme Court review

Northern Trust raises capital to fund repayment of TARP funding

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 29 2009

Yesterday, Northern Trust Corporation announced the pricing of an underwritten public offering of $750 million of common stock and a simultaneous public offering of $500 million of notes

Chairman Bernanke presents semi-annual monetary policy report to Senate Banking Committee

  • Alston & Bird LLP
  • -
  • USA
  • -
  • February 26 2010

Yesterday, Federal Reserve Chairman Ben Bernanke delivered his semi-annual monetary policy report to the Senate Committee on Banking, Housing, and Urban Affairs