SCHEDA - Banche Usa che hanno ricapitalizzato dopo stress test

mercoledì 3 giugno 2009 11:42
 

 3 giugno (Reuters) - Almeno 19t least 10 major banks have
met two preconditions for paying back U.S.
government money, or plan to soon.
 These banks have sold common shares, or plan to; and have
also sold non - government -guaranteed debt. These are key
conditions for paying back money borrowed under the U.S. Troubled
Asset Relief Program.
 The 19 banks listed below were each tested for capital
adequacy under special government
"stress tests," which account for expected losses over the next
two years if the economy fails to
improve.
                                  TARP       STRESS
                                  INFUSION   TEST
              NON GOV'T
                                  (NEAREST   CAPITAL
EQUITY     GUARANTEED  ASSET SALE
 COMPANY                             $100 MLN)  SHORTFALL
 OFFERED    DEBT SOLD   PROCEEDS
 American Express Co (AXP.N: Quotazione) (1)     $ 3.40 bln  --        $ 500
mln  $ 3.00 bln  -- Bank of America Corp (BAC.N: Quotazione) (2)    $45.00
bln $33.90 bln $21.37 bln $ 3.00 bln  $ 7.3 bln
 Bank of New York Mellon Corp (BK.N: Quotazione) $ 3.00 bln --         $
1.20 bln $ 1.50 bln  -- BB&T Corp (BBT.N: Quotazione)                   $
3.10 bln --         $ 1.73 bln $  800 mln  -- Capital One
Financial Corp (COF.N: Quotazione)  $ 3.60 bln --         $ 1.55 bln $ 1.00
bln  -- Citigroup Inc (C.N: Quotazione) (3)             $45.00 bln $ 5.50
bln --         $ 2.00 bln  $64.5 bln
 Fifth Third Bancorp (FITB.O: Quotazione) (4)    $ 3.40 bln $  750 mln  --
    --          -- GMAC LLC (5)                        $ 5.00
bln $11.50 bln $ 3.50 bln --          -- Goldman Sachs Group Inc
(GS.N: Quotazione) (6)  $10.00 bln --         $ 5.00 bln $ 2.00 bln  $ 1.9
bln
 JPMorgan Chase & Co (JPM.N: Quotazione) (7)     $25.00 bln --         $
5.00 bln $ 5.50 bln  -- KeyCorp (KEY.N: Quotazione) (8)                 $
2.50 bln $ 1.80 bln $ 750 mln  --          -- MetLife Inc
(MET.N: Quotazione) (9)             --         --         --         --
      -- Morgan Stanley (MS.N: Quotazione) (10)          $10.00 bln $
1.80 bln $ 6.23 bln $ 4.00 bln  $ 596 mln  PNC Financial Svcs
Group (PNC.N: Quotazione)    $ 7.60 bln $  600 mln $ 600 mln  --          --
 Regions Financial Corp (RF.N: Quotazione) (11)  $ 3.50 bln $ 2.50 bln $
2.09 bln --          -- State Street Corp (STT.N: Quotazione) (12)      $
2.00 bln --         $ 2.2  bln $  500 mln  -- SunTrust Banks Inc
(STI.N: Quotazione) (13)     $ 4.90 bln $ 2.20 bln $ 1.66 bln --          $
550 mln
 U.S. Bancorp (USB.N: Quotazione)                $ 6.60 bln --         $
2.50 bln $ 1.00 bln  -- Wells Fargo & Co (WFC.N: Quotazione)
        $25.00 bln $13.70 bln $ 8.60 bln --          --
 Notes:
 (1) On June 2 priced public offering of 19.8 million common
shares at $25.25 per share
 (2) Said in agreements with holders to exchange about $9.5
billion of preferred stock into 704
million shares. Sold shares of China Construction Bank Corp
(601939.SS: Quotazione) for $7.3 billion, resulting
in a gain that analysts have estimated at about $4 billion. Also
generated $13.5 billion from the
direct sale of common stock, received a $2.1 billion benefit
from a deferred tax asset, and received another $2 billion
benefit from other sales. The bank expects to generate about
another
$1.3 billion from reduced dividends on preferred shares.
 (3) Plans to convert $58 billion of preferred shares and
trust preferred securities into common
stock. On June 1, the bank received $2.75 billion in cash for
selling a controlling stake in its
Smith Barney unit, which also resulted in a roughly $6.5 billion
capital increase. The $5.5 billion
capital shortfall already accounted for the proceeds of the
Smith Barney deal and an expected $52.5
billion preferred share conversion.
 (4) Announced plans on May 20 to sell $750 million of
shares, but sale not yet complete. Also
expects to swap common stock for preferred.
 (5) The U.S. Treasury said on May 21 it was pouring another
$7.5 billion into the company,
including $3.5 billion to bolster capital and $4 billion to
support loans to Chrysler LLC dealers
and vehicle buyers.
 (6) Sold $1.9 billion worth of shares in Industrial and
Commercial Bank of China
(601398.SS: Quotazione)(1398.HK: Quotazione) on Monday, a source familiar with the
pricing said on June 2.
 (7) On June 2 priced offering of 142 million common shares
at $35.25 per share.
 (8) On May 11, the bank said it plans to sell up to $750
million of common shares, and was
taking other actions to raise capital, including exchanging
common equity for other securities.
 (9) Never received TARP money.
 (10) On June 2 raised $2.2 billion by offering 80.2 million
common shares at $27.44 a piece.
Mitsubishi UFJ Financial Group has agreed to purchase 16 million
shares at the public offering
price. In May, the company sold $4.03 billion in shares and sold
its remaining stake in MSCI Inc
MXB.N, an investment analysis and index company, generating
about $595 million in proceeds.
 (11) On May 27, sold $1.84 billion common shares, and $250
million mandatory convertible
preferred shares.
 (12) In May, received proceeds of about $2.2 billion from
selling common stock.
 (13) On June 1, the bank said it had sold $260 million of
shares, and plans to raise another
$1.4 billion from selling common stock. The bank also said it
plans to sell securities that it
expects will raise another $300 million of common equity, and
plans to swap another $250 million of
common stock for preferred securities.
Keywords: BANKS/CAPITAL EQUITY
Tuesday, 02 June 2009 18:10:04RTRS [nN01483407] {C}ENDS