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Citigroup (C)

Kuwait Investment Authority or KIA, the country's sovereign wealth fund, said it sold a $4.1 billion stake in Citigroup.
The KIA said it made a $1.1 billion profit, or a 36.7% return on its investment, according to the emailed statement. The KIA invested $3 billion in Citibank at the beginning of 2008, the authority added.

Dec 7 · 4:30:00 PM · Source: Reuters
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by Michael Oliveto

Travelers (TRV)

Travelers declared a regular quarterly dividend in the amount of $.33 per share payable December 31, 2009 to shareholders of record on December 10, 2009, ex-dividend date December 8, 2009.
At today's $50.85 stock price the dividend yield is 2.60%.

Dec 7 · 4:16:00 PM
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by Rich Pike

Chubb (CB)

Chubb today declared a regular quarterly dividend in the amount of $0.35 per share payable January 12, 2010 to shareholders of record on December 18, 2009, ex-dividend date December 16, 2009.
At today's $48.84 stock price the dividend yield is 2.87%.

Dec 3 · 9:39:00 PM · Source: Company Press Release
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by Rich Pike

Bank of America (BAC)

Bank of America Wednesday announced It will repay U.S. taxpayers their entire $45 billion investment provided under the Troubled Asset Relief Program (TARP). The repayment will be made after the completion of a securities offering. To date, Bank of America has paid $2.54 billion in dividends to the U.S. Treasury on the TARP investment. Repaying TARP will save the company approximately $3.6 billion in annual dividend costs from the TARP investment.
The move underscores the banking industry’s swift recovery from the financial crisis.

Dec 3 · 11:54:00 AM · Source: Company News Release
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by Larry Etter

AIG (AIG)

American International Group, the insurance giant bailed out by the federal government, Tuesday said it had completed a deal to reduce its debt to the Federal Reserve by $25 billion. To do this, AIG gave the Federal Reserve Bank of New York preferred stakes in two of the company's crown jewels -- Asian-based American International Assurance, or AIA, and American Life Insurance Co., or Alico, which operates in more than 50 countries. The deal had been announced earlier this year.

Dec 1 · 2:16:00 PM · Source: Company News Release
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by Larry Etter

State Street (STT)

State Street Corp. Tuesday said it has agreed to acquire Mourant International Finance Administration. Mourant, based in the Channel Islands, has about $170 billion of assets under administration and 650 employees. It is called a leading provider of fund-administration services, particularly for alternative investments such as private equity, real estate and hedge funds. The purchase prices is not being disclosed.
The deal would increase State Street's alternative-investment presence.

Dec 1 · 12:42:00 PM
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by Larry Etter

State Street (STT)

State Street Corporation, one of the world’s leading providers of financial services to institutional investors, said it has been appointed by Morgan Stanley Investment Management to provide investment manager operations outsourcing services for approximately $300 billion in assets.

Dec 1 · 12:36:00 PM · Source: Company News Release
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by Larry Etter

Citigroup (C)

Citigroup said Tuesday it is selling its Diners Club North America card business to Bank of Montreal. The deal gives BMO exclusive rights to issue Diners cards in the U.S. and Canada. Terms of the deal were not disclosed.
The sale is anticipated to reduce Citi's assets in Citi Holdings by approximately $1 billion and is not expected to have a material impact on Citi's net income or capital ratios. The transaction is expected to close by March 31, 2010 and is subject to regulatory approvals and customary closing conditions.

Nov 24 · 12:13:00 PM · Source: Company News
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by Larry Etter

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