Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (08/10/2010)
* WASHINGTON (8/11/10)--Investors have a healthy demand for Troubled Asset Relief Program (TARP) warrants, according to a report the Treasury Department released last week (American Banker Aug. 10). The Warrant Disposition Report follows an earlier report released in January. It indicated that a number of banks still have their federal aid. After banks repay the government, they have two weeks to decide whether to buy the warrants back or auction them off. Holders of the warrants can buy a company’s common shares at a set price for up to a decade. Most warrants expire by 2018 or 2019, the Banker said. Thirteen of the 50 banks that repaid the government as of June 30 decided to go the auction route. Only one of 13 banks that went to auction route--Wells Fargo--chose to buy back its securities ... * WASHINGTON (8/11/10)--Fannie Mae and Freddie Mac could garner profits in the next couple of quarters, according to analysts (American Banker Aug. 6). The enterprises lost $230 billion in the past two and a half years, and $9 billion in the last quarter, but their financial pictures are improving. If their finances improve, the debate over their futures could change, the Banker said. Freddie posted a net loss of $6.01 billion Monday, after a $1.3 billion preferred dividend payment to the government. Last quarter, Freddie lost $7.98 billion. The amount of money it set aside to cover future losses dropped 11% from the second quarter of last year to $5.03 billion. Fannie and Freddie were taken into conservatorship in September 2008, and lawmakers have not reached a consensus about their futures. The regulatory reform bill, which was signed by President Barack Obama last month, did not address how the government will handle Fannie and Freddie. Next week, the White House will host a conference on their futures ...


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago