by Calculated Risk on 4/14/2009 12:19:00 PM
Tuesday, April 14, 2009
Goldman Sachs Raises $5 Billion
That was fast ...
From Bloomberg: Goldman Sachs Raises $5 Billion to Repay TARP Funds
Goldman Sachs Group Inc. ... raised $5 billion in the largest stock sale this year to help repay $10 billion in government rescue funds.Looks like TARP will have more money for AIG and Citi ...
The bank sold 40.65 million shares at $123 each ... The price was the same as when Goldman Sachs last sold shares in September.
...
While many analysts and investors applauded Goldman Sachs’s plan to repay the TARP money, others said it may pressure other banks to follow suit or risk appearing dependent on the government.
The government favors letting banks return money if they fare well on stress tests completed by the end of this month and can get private capital, according to people familiar with the matter.