3 giugno 2009 / 09:43 / tra 9 anni

SCHEDA - Banche Usa che hanno ricapitalizzato dopo stress test

 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) (1)     $ 3.40 bln  --        $ 500 mln  $ 3.00 bln  -- Bank of America Corp (BAC.N) (2)    $45.00 bln $33.90 bln $21.37 bln $ 3.00 bln  $ 7.3 bln  Bank of New York Mellon Corp (BK.N) $ 3.00 bln --         $ 1.20 bln $ 1.50 bln  -- BB&T Corp (BBT.N)                   $ 3.10 bln --         $ 1.73 bln $  800 mln  -- Capital One Financial Corp (COF.N)  $ 3.60 bln --         $ 1.55 bln $ 1.00 bln  -- Citigroup Inc (C.N) (3)             $45.00 bln $ 5.50 bln --         $ 2.00 bln  $64.5 bln  Fifth Third Bancorp (FITB.O) (4)    $ 3.40 bln $  750 mln  --
    --          -- GMAC LLC (5)                        $ 5.00 bln $11.50 bln $ 3.50 bln --          -- Goldman Sachs Group Inc (GS.N) (6)  $10.00 bln --         $ 5.00 bln $ 2.00 bln  $ 1.9 bln  JPMorgan Chase & Co (JPM.N) (7)     $25.00 bln --         $ 5.00 bln $ 5.50 bln  -- KeyCorp (KEY.N) (8)                 $ 2.50 bln $ 1.80 bln $ 750 mln  --          -- MetLife Inc (MET.N) (9)             --         --         --         --
      -- Morgan Stanley (MS.N) (10)          $10.00 bln $ 1.80 bln $ 6.23 bln $ 4.00 bln  $ 596 mln  PNC Financial Svcs Group (PNC.N)    $ 7.60 bln $  600 mln $ 600 mln  --          --  Regions Financial Corp (RF.N) (11)  $ 3.50 bln $ 2.50 bln $ 2.09 bln --          -- State Street Corp (STT.N) (12)      $ 2.00 bln --         $ 2.2  bln $  500 mln  -- SunTrust Banks Inc (STI.N) (13)     $ 4.90 bln $ 2.20 bln $ 1.66 bln --          $ 550 mln  U.S. Bancorp (USB.N)                $ 6.60 bln --         $ 2.50 bln $ 1.00 bln  -- Wells Fargo & Co (WFC.N)
        $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) 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)(1398.HK) 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

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