×

BREAKING NEWS FROM CNBC'S KATE KELLY: AIG, TREASURY SELECT FOUR BANKS TO LEAD SHARE SALE

WHEN: TODAY, TUESDAY, JANUARY 18TH

WHERE: CNBC'S "CLOSING BELL WITH MARIA BARTIROMO"

Following is the unofficial transcript of breaking news from CNBC's Kate Kelly. All references must be sourced to CNBC.

KATE KELLY: MARIA SOME DEVELOPMENTS ON THE AIG UNDERWRITER SELECTION WHICH WALL STREET HAS BEEN WAITING HEATEDLY FOR I AM TOLD THAT THERE ARE AT LEAST FOUR BANKS WHO HAVE BEEN CHOSEN FOR MAJOR ROLES HERE THEY ARE BANK OF AMERICA, DEUTSCHE BANK, GOLDMAN SACHS AND JP MORGAN UNCLEAR WHO THE OTHERS WILL BE IN THE MORE SECONDARY ROLES I BELIEVE THE BANKS ARE BEING NOTIFIED THROUGH THIS AFTERNOON AND THE DECISION WILL BE MADE FINAL IN TERMS OF TELLING ALL PARTIES WHERE THEY STAND THIS EVENING THAT'S MY LATEST INFORMATION SO BIG HORSE RACE LOOKS LIKE FOUR BANKS ARE IN THE LEAD POSITION THE EXACT ORDER NOT ENTIRELY CLEAR BUT AGAIN BANK OF AMERICA, DEUTSCHE BANK, GOLDMAN SACHS AND JP MORGAN. MARIA THAT'S WHAT WE KNOW.

MARIA BARTIROMO: IT SOUNDS KATE LIKE MORGAN STANLEY IS MISSING YOU'VE GOT A COUPLE OF NOTABLES MISSING THERE

KELLY: MORGAN STANLEY YOU'RE RIGHT THEY HAVE DONE A LOT OF WORK FOR THE GOVERNMENT SO THAT'S A LITTLE BIT OF A SURPRISE THAT THEY ARE NOT IN ONE OF THE LEAD POSITIONS AS FAR AS WE KNOW SAME I'D MIGHT SAY FOR CITIGROUP SO STAND BY TO SEE HOW EVERYTHING SHAKES OUT

About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.