Financial Business Update: Treasury To SELL AIG Stake, Goldman Sachs’ Possible COMEBACK

The European Central Bank move has prompted Banco Santander S.A. (NYSE:SAN) to take advantage the new optimism on the Continent, by offering €2.5 billion of 3.5 year paper, hoping to price it at the same yield for which it sold 2-year notes a month ago. Order books closed with €6 billion in bids from around 400 accounts.

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The Bank of Nova Scotia (NYSE:BNS) completes a 33 million share offering at $52, bringing a total of $1.7 billion. The proceeds will be used to fund the purchase of ING’s (NYSE:ING) Canadian operations.

The United States Treasury might attempt to rid itself of another portion of its American International Group Inc. (NYSE:AIG) investment as early as Friday night, according to Bernstein. The amount offered could reach to between $10 billion, and $15 billion. Observers had thought that the Treasury might try to exit its entire position in the third quarter, but Bernstein thinks the final sale will take place in the fourth.

The management of Goldman Sachs Group Inc. (NYSE:GS) remains confident that the bank can return to delivering 20 percent return on equity, says Jeff Harte at Sandler O’Neill after meeting with three company executives.

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