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Results: 1-10 of 54

SEC provides interpretive guidance on ratings disclosure in non-ABS offerings
  • Alston & Bird LLP
  • USA
  • July 23 2010

Yesterday, the SEC's Division of Corporation Finance issued a set of Compliance and Disclosure Interpretations regarding the disclosure of ratings-related information in connection with offerings of securities other than asset-backed securities (ABS


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


Treasury releases latest transactions report
  • Alston & Bird LLP
  • USA
  • March 17 2009

Yesterday, Treasury released another transactions report, listing a total of $1,455,160,000 of Capital Purchase Program investments in 19 financial institutions in 17 states and the District of Columbia, ranging in size from $425,000 invested in Haviland Bancshares in Kansas to $1,224,558,000 invested in Discover Financial Services


Treasury announces auto supplier support program
  • Alston & Bird LLP
  • USA
  • March 20 2009

Yesterday, the Treasury Department announced an auto supplier support program that is intended "to help stabilize the auto supply base and restore credit flows in a critical sector of the American economy" by addressing concerns that "banks are unwilling to extend credit" against auto supplier receivables due from auto manufacturers "due to the uncertainty about the ability of the auto companies to honor their obligations."


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"


Fannie Mae reports $23.2 billion first quarter loss and need for additional $19 billion capital injection from Treasury
  • Alston & Bird LLP
  • USA
  • May 9 2009

Yesterday, Fannie Mae reported a $23.2 billion loss for the first quarter of 2009, the seventh straight quarterly loss, resulting in a net worth deficit of $18.9 billion (after taking into account a decrease in unrealized losses on available-for-sale securities


Bernanke defends stress tests
  • Alston & Bird LLP
  • USA
  • May 12 2009

In a speech last night at the Federal Reserve Bank of Atlanta's Financial Markets Conference, Federal Reserve Chairman Ben Bernanke acknowledged that "projecting credit losses in an uncertain economic environment is difficult, to say the least," but nonetheless expressed confidence in the results of the Supervisory Capital Assessment Program (SCAP) given "the intensive, painstaking nature" of the assessment process


SEC announces roundtable on securities lending and short sales
  • Alston & Bird LLP
  • USA
  • September 13 2009

The SEC announced it will hold a roundtable about securities lending on September 29 and a roundtable on short sale issues on September 30


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


Treasury releases completed transactions report, including additional loans to Chrysler and GM
  • Alston & Bird LLP
  • USA
  • May 22 2009

Today, Treasury released a completed transaction report disclosing that two financial institutions had repurchased an aggregate of $77,193,000 of preferred stock issued to Treasury under the Capital Purchase Program (CPP), and one other financial institution that had previously repurchased Treasury's preferred stock paid an additional $1,200,000 to purchase Treasury's warrants, reducing Treasury’s total investment in financial institutions under the CPP (net of repayments) to $197,869,419,000