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.
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
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