$C $MTB $AIB $RF FINANCIALS Around from the water cooler

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Bank of Ireland said it is working with a "syndicate of major international investment banks" to help raise €2.7 billion of capital needed by year-end; could become the only major Irish bank not to require state aid

         C, PRI – Primerica expected to price after the close on Wed according to the FT   

         RWT – trying to reopen the non-gov't-backed mortgage loan market; the co may launch as soon as next week an offering of such securities totaling at least $200 million; the deal would be the first sale in more than two years of private-label securities backed by newly originated home mortgages – WSJ. 

         CMBS – the first CMBS deal of '10 to be marketed to investors this week; RBS will offer a $500 million security backed by existing loans that were refinanced and underwritten to stricter guidelines (WSJ)  
  

         MTB -  AIB To Sell Stake In M&T Bank; said Tuesday that it plans to sell its 22.5% stake in M&T Bank Corp. (MTB) by year-end to fulfill the capital requirements of its Irish regulators.  DJ 

         Bank of Ireland said it is working with a "syndicate of major international investment banks" to help raise €2.7 billion of capital needed by year-end; could become the only major Irish bank not to require state aid (WSJ) 

         Irish banks: NAMA/regulator details - confirming bad news for AIB, more favourable for BOI   V

         RF – Regions Finance is profiled in the WSJ – "has lost a combined $6.63 billion over the past two years and still hasn't received approval to pay back $3.5 billion in public support from the TARP".  WSJ