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Citi to repay U.S. government funds

Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.

Citi to pay back U.S. government funds

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Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010.
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House poised to back financial rules overhaul

The House of Representatives was expected to approve the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration.
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BC Partners picks banks for Brenntag IPO: sources

Private equity company BC Partners BCPRT.UL has hired four investment banks to supervise an initial public offering for chemicals distributor Brenntag, several sources familiar with the matter told Reuters on Friday.
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Goldman top executives to take bonuses in stock

Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
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SEC eyes deals in insider trading probe: sources

A new U.S. securities regulatory investigation into potential insider trading began in mid-November with the issuance of subpoenas to a number of hedge funds that may have gotten an advance word on corporate takeovers, said people familiar with the matter.
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Goldman executives to forgo cash bonuses this year

Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
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SEC eyes 9 deals in insider trading probe: report

U.S. securities regulators are investigating at least nine mergers, including Pfizer Inc's takeover of Wyeth and Merck & Co Inc's acquisition of Schering-Plough Corp, for possible insider-trading violations, the Wall Street Journal reported, citing people familiar with the matter.
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Citi could sell $20 billion of shares soon: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
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Citi could sell $20 bln of shares soon: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
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Citi positioned to repay TARP: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as this Thursday, cable television network CNBC reported on Wednesday, citing sources.
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Morgan Stanley shuffles execs ahead of CEO switch

Morgan Stanley's incoming CEO, James Gorman, began putting his fingerprints on the firm, making its chief financial officer and the head of investment co-heads of its crucial institutional securities unit.
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Wells Fargo keeps mum on TARP repayment plans

Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.
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The Bailout Was a Wealth Transfer Scheme

The Emergency Economic Stabilization Act of 2008 created the $700 billion bailout (plus $100 billion in add-ons) Troubled Assets Relief Program (TARP), a wealth transfer scheme so brazen as to leave one breathless. Another Fed bubble had popped; losses in the real estate mortgage meltdown were real; they had already taken place. The only real question was who would be made to eat those losses: the investment banking community that earned millions in fees each year in the debacle and their offspr...

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