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	<title>Stock Blog Hub &#187; SBNY</title>
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		<title>(WFC) Wells Fargo Warrants Sold by U.S. Treasury $$</title>
		<link>http://www.stockbloghub.com/2010/05/24/wfc-wells-fargo-warrants-sold-by-u-s-treasury/38144</link>
		<comments>http://www.stockbloghub.com/2010/05/24/wfc-wells-fargo-warrants-sold-by-u-s-treasury/38144#comments</comments>
		<pubDate>Mon, 24 May 2010 20:47:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[CMA]]></category>
		<category><![CDATA[Comerica Incorporated]]></category>
		<category><![CDATA[FFBC]]></category>
		<category><![CDATA[First Financial BanCorporation]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[SBIB]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[Sterling Bancshares Inc]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Valley National Bancorp]]></category>
		<category><![CDATA[VLY]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38144</guid>
		<description><![CDATA[The Treasury announced on Friday that it will earn $840 million from the sale of warrants that it obtained as part of its investment in Wells Fargo &#38; Co. (WFC) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In October 2008, Wells Fargo received $25 billion from the bailout fund, which it paid back in December 2009. Wells Fargo itself bought 70.2 million warrants from the Treasury to purchase its common stock in the auction held by Deutsche Bank Securities. This represents 63.6% of the total 110.3 million outstanding warrants. The price per warrant was $7.70, though the government had set a minimum bid price of $6.50 per warrant. The transaction is expected to close on or before May 26, 2010. The holders have ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/24/wfc-wells-fargo-warrants-sold-by-u-s-treasury/38144/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CMA) Comerica Warrants to be Sold by the U.S. Treasury</title>
		<link>http://www.stockbloghub.com/2010/05/05/cma-comerica-warrants-to-be-sold-by-the-u-s-treasury/36268</link>
		<comments>http://www.stockbloghub.com/2010/05/05/cma-comerica-warrants-to-be-sold-by-the-u-s-treasury/36268#comments</comments>
		<pubDate>Wed, 05 May 2010 20:50:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[CMA]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Comerica Incorporated]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[FFBC]]></category>
		<category><![CDATA[First Financial BanCorporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[SBIB]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[Sterling Bancshares Inc]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Valley National Bancorp]]></category>
		<category><![CDATA[VLY]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=36268</guid>
		<description><![CDATA[Yesterday, the U.S. Treasury announced that it will auction warrants of Comerica Inc. (CMA) this week. The Treasury will auction 11.48 million warrants of Comerica on Thursday. The minimum bid price is set at $15 per warrant. This move will completely free Comerica from government intervention. The offering is expected to be priced through a modified Dutch auction. Deutsche Bank Securities Inc., a division of Deutsche Bank AG (DB) is the sole book-running manager. The Treasury received these warrants as part of its investment in Comerica through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In March 2010, Comerica repaid the entire $2.25 billion of bailout money it had received from the government. The repayment of TARP loans followed Comerica’s completion of an $880 million ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/05/cma-comerica-warrants-to-be-sold-by-the-u-s-treasury/36268/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TCBI) Texas Capital Bancshares Warrents Sold by U.S. Treasury for $6.6 Million</title>
		<link>http://www.stockbloghub.com/2010/03/16/tcbi-texas-capital-bancshares-warrents-sold-by-u-s-treasury-for-6-6-million/30721</link>
		<comments>http://www.stockbloghub.com/2010/03/16/tcbi-texas-capital-bancshares-warrents-sold-by-u-s-treasury-for-6-6-million/30721#comments</comments>
		<pubDate>Tue, 16 Mar 2010 21:59:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Southwest Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30721</guid>
		<description><![CDATA[The Treasury announced on Friday that it has received net proceeds of $6.6 million from the sale of warrants it had obtained as part of its investment in Texas Capital Bancshares Inc. (TCBI) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. TCBI had repaid the entire $75 million of bailout money it had received from the government in January 2009. The Treasury auctioned 758,086 warrants at $8.85 each. The final price was above the floor price of $6.50 per warrant set by the Treasury. The TCBI warrants have a strike price of $14.84 and expire in January 2019. The current move will completely free TCBI from government intervention. The auction of TCBI warrants follows the sale of Signature Bank’s (SBNY) warrants on Thursday, Washington ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/16/tcbi-texas-capital-bancshares-warrents-sold-by-u-s-treasury-for-6-6-million/30721/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($BAC) Bank of America Eyes Expansion in China</title>
		<link>http://www.stockbloghub.com/2010/03/16/bac-bank-of-america-eyes-expansion-in-china/30758</link>
		<comments>http://www.stockbloghub.com/2010/03/16/bac-bank-of-america-eyes-expansion-in-china/30758#comments</comments>
		<pubDate>Tue, 16 Mar 2010 21:45:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30758</guid>
		<description><![CDATA[According to a Wall Street Journal report, Bank of America Corporation (BAC) is looking to expand its operations in China. Currently, the bank has some investment banking and lending operations in the country. BofA also owns a minority stake in China Construction Bank. According to the source, BofA is now considering operating locally in China, which implies that it would have to invest a significant amount of new capital. Expectedly, BofA will bulk up its commercial business in China, instead of its retail banking business. Recently, the Treasury received net proceeds of $1.5 billion from the sale of warrants, entitling it to purchase BofA common stock. BofA is the first among four banks whose warrants were scheduled to be sold via auctions this month. The three other banks are Washington ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/16/bac-bank-of-america-eyes-expansion-in-china/30758/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFSL) U.S. Treasury Sells Washington Federal Warrants</title>
		<link>http://www.stockbloghub.com/2010/03/12/wfsl-u-s-treasury-sells-washington-federal-warrants/30465</link>
		<comments>http://www.stockbloghub.com/2010/03/12/wfsl-u-s-treasury-sells-washington-federal-warrants/30465#comments</comments>
		<pubDate>Fri, 12 Mar 2010 18:35:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30465</guid>
		<description><![CDATA[The Treasury announced Wednesday that it has received net proceeds of $15.4 million from the sale of warrants it obtained as part of its investment in Washington Federal Inc. (WFSL) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In May 2009, WFSL repaid the entire $200 million of bailout money it had received from the government. The Treasury auctioned 1.71 million warrants at $9.15 each. The final price was above the floor price of $5 per warrant set by Treasury. The current move will completely free WFSL from government intervention. The auction for WFSL warrants follows Bank of America Corp.&#8216;s (BAC) warrants sale last week. The government received record net proceeds of $1.5 billion from the sale of Bank of America warrants. The amount ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/12/wfsl-u-s-treasury-sells-washington-federal-warrants/30465/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SBNY) U.S. Treasury Sells Warrants of Signature Bank</title>
		<link>http://www.stockbloghub.com/2010/03/12/sbny-u-s-treasury-sells-warrants-of-signature-bank/30503</link>
		<comments>http://www.stockbloghub.com/2010/03/12/sbny-u-s-treasury-sells-warrants-of-signature-bank/30503#comments</comments>
		<pubDate>Fri, 12 Mar 2010 18:09:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Northeast Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30503</guid>
		<description><![CDATA[The Treasury announced Thursday that it has received net proceeds of $11.2 million from the sale of warrants it obtained as part of its investment in New York-based Signature Bank (SBNY) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In Mar 2009, Signature had repaid the entire $120 million of bailout money it had received from the government in Dec 2008. The Treasury auctioned 595,829 warrants at $19.00 each. The final price was above the floor price of $16 per warrant set by Treasury. The Signature warrants have a strike price of $30.21 and expire in Dec 2018. The current move will completely free Signature from government intervention. The auction for Signature warrants follows the sale of Washington Federal Inc.’s (WFSL) warrants on Wednesday ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/12/sbny-u-s-treasury-sells-warrants-of-signature-bank/30503/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Complies With Federal Reserve Ruling &#8211; Ends Debit Card Overdrafts</title>
		<link>http://www.stockbloghub.com/2010/03/10/bac-bank-of-america-complies-with-federal-reserve-ruling-ends-debit-card-overdrafts/30234</link>
		<comments>http://www.stockbloghub.com/2010/03/10/bac-bank-of-america-complies-with-federal-reserve-ruling-ends-debit-card-overdrafts/30234#comments</comments>
		<pubDate>Wed, 10 Mar 2010 19:53:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30234</guid>
		<description><![CDATA[To play by the rules set by the Federal Reserve that will prohibit banks from charging overdraft fees effective July 1, 2010, Bank of America Corporation (BAC) said on Tuesday that it will eliminate such fees on debit card purchases starting June 19, 2010. This move will restrict the debit card holders of BofA to spend more than what they have in their checking accounts. Customers with inadequate funds in their accounts will be declined if they try to purchase using debit cards. Citigroup Inc. (C) has already implemented a similar policy. While this move will save consumers from surprise hits to their accounts, this will cost BofA millions in fee income as more than 60% of all overdraft fees charged by the bank are for debit card transactions. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/10/bac-bank-of-america-complies-with-federal-reserve-ruling-ends-debit-card-overdrafts/30234/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) U.S. Treasury Gets $1.5B from Bank of America Warrants</title>
		<link>http://www.stockbloghub.com/2010/03/05/bac-u-s-treasury-gets-1-5b-from-bank-of-america-warrants/29858</link>
		<comments>http://www.stockbloghub.com/2010/03/05/bac-u-s-treasury-gets-1-5b-from-bank-of-america-warrants/29858#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:37:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29858</guid>
		<description><![CDATA[The Treasury has received net proceeds of $1.5 billion from the sale of warrants that entitled it to purchase common stock of Bank of America Corp. (BAC). The Treasury received these warrants as part of its investment in BofA through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In Dec 2009, BofA repaid the entire $45 billion of bailout money it had received from the government. The current move will completely free BofA from government intervention. This is the largest amount received by the Treasury from the sale of warrants of a single institution. The amount received from the auction of BofA warrants exceeds $1.1 billion raised from the sale of Goldman Sachs (GS) warrants earlier. The Treasury auctioned one tranche of warrants at $8.35 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/05/bac-u-s-treasury-gets-1-5b-from-bank-of-america-warrants/29858/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) U.S. Treasury Sells Warrants of Four Banks</title>
		<link>http://www.stockbloghub.com/2010/02/23/bac-u-s-treasury-sells-warrants-of-four-banks/28489</link>
		<comments>http://www.stockbloghub.com/2010/02/23/bac-u-s-treasury-sells-warrants-of-four-banks/28489#comments</comments>
		<pubDate>Wed, 24 Feb 2010 03:37:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[SBNY]]></category>
		<category><![CDATA[Signature Bank]]></category>
		<category><![CDATA[TCB]]></category>
		<category><![CDATA[TCBI]]></category>
		<category><![CDATA[TCF Financial Corporation]]></category>
		<category><![CDATA[Texas Capital BancShares Inc.]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28489</guid>
		<description><![CDATA[The U.S. Treasury Department is planning to auction off its warrant positions in four banks, which it received as part of its investments in banks through the $700 billion Troubled Asset Relief Program (TARP) during the height of the financial crisis. The government is taking this step to free the banks from state interference. The four banks, whose warrants are expected to be sold via auctions over the next month, are Bank of America (BAC), Washington Federal (WFSL), Texas Capital Bancshares (TCBI) and Signature Bank (SBNY). These banks have fully repurchased Treasury&#8217;s preferred stock investment. The current move to sell their warrants will completely free these banks from government intervention. Treasury will sell the warrants through a modified Dutch auction. According to the format, the four banks will be able ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/23/bac-u-s-treasury-sells-warrants-of-four-banks/28489/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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