TARP

May. 19, 2009 Northbrook, Ill. - The Allstate Corporation (NYSE: ALL) today announced a quarterly dividend of 20 cents on each outstanding share of the Corporation's common stock, payable in cash on July 1, 2009 to stockholders of record at the close of business on May 29, 2009.

The company also announced that it completed its review of the U.S. Treasury's Capital Purchase Program, a component of the Troubled Asset Relief Program (TARP). "We applaud the Administration's decision to include insurers in the U.S. Treasury's programs. Given Allstate's strong capital and liquidity positions, however, we will not participate in this program," said Chairman, President and CEO Thomas J. Wilson.    » read more »

Citi's TARP Capital Initiatives Total $44.75 Billion As of March 31; New U.S. Credit Commitments Totaled $120.1 Billion in First Quarter

May 12, 2009 -- NEW YORK – Citi (NYSE: C) announced today that it will lend up to $5 billion to state and local governments, municipal agencies, universities and non-profit hospitals to fund projects that will help create jobs and spur economic growth.

The municipal program and three other new primary lending initiatives approved by Citi in the first quarter of 2009 are supported by capital the U.S. Treasury invested in the company as part of the Troubled Asset Relief Program, or TARP.    » read more »

Urges Special Inspector General To Determine Whether Public TARP Funds Were Inappropriately Used For Lobbying Efforts

April 14, 2009 -- WASHINGTON, D.C. – Change to Win called on the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today to conduct an audit to determine whether the financial services industry inappropriately used public TARP funds to protect excessive bonus payments from legislative reform initiatives.    » read more »

February 25, 2009 -- WASHINGTON, D.C. – CtW Investment Group Director of Value Strategies Michael Garland released the following statement today in response to Principal Financial Group’s claim that they haven’t taken a position on the Employee Free Choice Act.

“In a transparent attempt to rewrite history to qualify for $2 billion in TARP assistance, the Principal Financial Group (NYSE: PFG), issued a statement last night asserting that it has not taken a position on the Employee Free Choice Act. The public record indicates otherwise.    » read more »

Principal Financial Focus Of Call To End TARP-Subsidized Lobbying

February 24, 2009 -- WASHINGTON, D.C. -- Change to Win has called on the Treasury Department to plug the hole that has allowed TARP recipients to lobby against the interests of the taxpayers who bear the burden of paying for the Wall Street bailout. Change to Win specifically registered its opposition to granting assistance to the Principal Financial Group (NYSE: PFG), which has applied for up to $2 billion in TARP funds.    » read more »

February 23, 2009 -- Washington, DC – The U.S. Department of the Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Reserve Board today issued the following joint statement:    » read more »

Washington, D.C., Jan. 28, 2009 — The Securities and Exchange Commission today took emergency action to charge Nashville, Tenn.-based investment advisor Gordon B. Grigg and his firm ProTrust Management, Inc. with securities fraud, and obtained a court order freezing their assets. The SEC alleges that Grigg and ProTrust defrauded clients out of at least $6.5 million and misrepresented that their money was invested in the federal government's Troubled Asset Relief Program (TARP) and other securities that, in reality, do not exist.    » read more »

January 22, 2009 -- Washington- The U.S. Treasury Department announced details this week of a $1.5 billion investment in 39 banks made through its Capital Purchase Program.

Treasury created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to help to stabilize and strengthen the U.S. financial system. Treasury allocated $250 billion under TARP's Capital Purchase Program to invest in U.S. financial institutions. To date, the Department has made $193.8 billion of investments, receiving preferred stock and warrants from participating institutions. Investments have ranged from as small as $1 million to as large as $25 billion, financing community banking and Community Development Financial Institutions in 43 states and Puerto Rico.    » read more »