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Results: 1-10 of 54

Treasury and HUD release May HAMP report and announce new monthly housing scorecard
  • Alston & Bird LLP
  • USA
  • June 22 2010

Yesterday, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) released the May report under the Home Affordable Modification Program (HAMP


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."


Treasury, Federal Reserve, FDIC and OCC issue joint statement regarding Supervisory Capital Assessment Program, Capital Assistance Program and repayments of CPP funding
  • Alston & Bird LLP
  • USA
  • May 6 2009

This afternoon, the Treasury Department, Federal Reserve, FDIC and OCC issued a joint statement addressed a variety of questions arising under the pending Supervisory Capital Assessment Program (SCAP) and its interrelationship with Treasury's Capital Assistance Program (CAP


Treasury exercises right to appoint two AIG directors
  • Alston & Bird LLP
  • USA
  • April 2 2010

Yesterday, the U.S. Department of the Treasury announced that it has "exercised its right to appoint two directors to the American International Group, Inc. (AIG) board of directors, naming Donald H. Layton and Ronald A. Rittenmeyer as directors."


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


FDIC approves extension of securitization safe harbor
  • Alston & Bird LLP
  • USA
  • March 11 2010

Today, the FDIC announced that its Board of Directors has approved an extension through September 30, 2010, of the Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation


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


FDIC Chairman calls for additional resolution authority
  • Alston & Bird LLP
  • USA
  • April 27 2009

Earlier today, in a speech at the Economic Club of New York, FDIC Chairman Sheila Bair urged the reation of a "new resolution regime" for large, systemically important financial institutions, which will do "a better job of imposing loss on investors and creditors, instead of leaving it in the hands of government and the laps of the taxpayer."


AIG files preliminary proxy statement disclosing new director nominees and planned departure of CEO
  • Alston & Bird LLP
  • USA
  • May 22 2009

Yesterday, American International Group, Inc. (AIG) filed a preliminary proxy statement with the the SEC for its upcoming annual meeting of stockholders


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