Items Tagged with 'Equity securities'

ARTICLES

  • Two Banks Unveil Capital-Raising Plans

    Fifth Third Bancorp [stock FITB][/stock] and Huntington Bancshares [stock HBAN][/stock] revealed late Wednesday capital-raising action plans. After failing to successfully endure the government's stress tests, meant to evaluate the potential performance of the nation's 19 largest banks under more severe economic conditions, Fifth Third was told on May 7 it must raise a capital buffer in sum of $1.1bn.
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  • Strapped for Capital, Citi Gets Creative

    Faced with regulator pressure to secure $10bn in fresh capital, Citigroup [stock C][/stock] is considering some creative pay alternatives for its employees. It's also considering forcing shareholders to step up to the fund-raising initiative.
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  • Private Equity Firm to Invest $250 Million in Flagstar

    Ailing Flagstar Bancorp, Inc. [stock FBC][/stock] announced Thursday that it has entered into an investment agreement with MatlinPatterson Thrift Investments LP, in which MatlinPatterson will inject $250 million in Flagstar, taking a 70-percent stake in the Troy, Mich.-based bank.
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  • Goldman Gets Buffett Investment, Goes Shopping

    Goldman Sachs Group Inc. [stock GS][/stock], the former invesmtment bank turned into commercial bank, won a key investment from world-reknowned investor Warren Buffett on Tuesday, according to a statement released by the firm after U.S. markets closed.
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  • Will Freddie Be Able to Raise Private Capital?

    One thing is clear: Freddie Mac [stock FRE][/stock] needs extra capital, and has committed to raising $5.5 billion in capital at some point in the not-too-distant future. A constant drumbeat of bad news surrounding the GSE, however, has likely made it increasingly difficult for the company to raise that capital via common or preferred share placements in the private market, various published reports suggested Friday.
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  • Mortgage REIT Insider: Impac Gets Creative in Face of Cash Crunch

    It may or may not be on the ropes, depending on who you believe, but former Alt-A powerhouse Impac Mortgage Holdings Inc. [stock IMH][/stock] certainly scored some points for ingenuity this past week. The lender, which reported a disastrous $2 billion quarterly loss last week, said late this week that it is asking its preferred shareholders to give up their dividends.
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  • Impac COO Cashes Out All Preferred Shares

    In a filing with the Securities and Exchange Commission earlier this week (hat tip, Patrick), Impac Mortgage Holdings disclosed that company COO Richard Johnson sold all of his preferred stock holdings on August 28 and October 1, right before the company posted its August 2007 monthly fact sheet.
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