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American Express won approval from the U.S. Federal Reserve in Nov. 2008 to become a bank holding company in order to qualify for TARP funds.
Jul. 29, 2009 Warrant Proceeds
Jun. 17, 2009 Dividend Paid
Jun. 9, 2009
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
May 7, 2009 Federal releases the results of its stress tests
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.More info from www.propublica.org
Jan. 9, 2009 Purchase - Preferred Stock w/ Warrants
|05/31/2009||Dividend||$59,305,575||CPP||Dividends Paid Through 5/31/2009|
|01/09/2009||Purchase||$3,388,890,000||CPP||Purchase - Preferred Stock w/ Warrants|