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Suntrust
Latest Headlines
Latest Headlines
SEC launches debit card price-fixing investigation
In the wake of the Durbin Amendment, large regional and nationwide commercial banks began to take initial steps toward rolling out debit card user fees for many--if not most--checking account holders.
The likes of SunTrust and Regions banks went ahead and imposed the fees. Wells Fargo and JPMo
Mike Mayo markets his new book
If there's one thing that reporters and producers love, it's an outspoken and accessible analyst.
It helps if they know what they are talking about. So you've got to be glad that for every 10 or so traditional sell-side analysts--worried about their standing with executives at covered companie
SunTrust gropes for the future
SunTrust stands as a bellwether of sorts for large regional banks. It has been ordered to raise $2.2 billion in capital. Last week, the nation's seventh-largest bank announced it will sell up to $1.25 billion in common stock and cut its quarterly dividend from 10 cents to 1 cent. Article
Big regional banks now in the spotlight
Late last week, the Treasury began briefing top banks about the results of the so-called stress tests. The early word seems to be that no bank is in imminent danger of collapse and that most have the capital to ride out the current situation. But the concern has always been a worser-case scenario,
A look at the "Texas ratio" and stress tests
A lot is riding on the so-called stress tests that are currently underway for banks with more than $100 billion in assets. We're starting to see a lot of analysis around which banks are more likely to fare well and which will likely need more capital. TheStreet.com takes an interesting look, f
What's Jamie Dimon waiting for?
Most people assume the cagey Jamie Dimon is angling to make another purchase, specifically one to build the retail-bank side of the firm. The rumors are heavy regarding several companies, notably SunTrust with its strong Southern footprint and troubled Washington Mutual. Both are, ahem, attractive
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Company News:
> Citi Investment Research analyst bullish on Lehman Brothers. Article Â
> Microsoft to announce Yahoo course of action soon. Article
> SunTrust buys Georgia bank. Article
> Wells Fargo buys Flatiron Credit. Article
> Bank of America laun
ALSO NOTED: Ambac takes $3 billion in charges; Microsoft has no plans to raise Yahoo bid; and much more...
Company News:
>Â Ambac takes $3 billion in charges. Article
> SunTrust gets an upgrade based on valuation. Article Â
> UBS memo bares all. Article
> Calamos earnings tank. Article
> Tough questions for Bank of America board. Article
Industr
ALSO NOTED: Rumors about Bear Stearns liquidity heat up; Citigroup moves to bolster muni funds; and much more...
Company News: > Citigroup moves to bolster muni funds. Article > Rumors about Bear Stearns liquidity heat up. Article > SunTrust pressured by mortgage exposure. Article > Wachovia execs take lumps. Article
Industry News: > Fitch analyzes Muni ma
ALSO NOTED: Ex-Goldman Sachs analyst gets prison in insider case; Och-Ziff assets up 10 percent; and much more...
Company News: > SunTrust buys stake in hedge fund. Article > Temasek owns 9.4 percent of Merrill Lynch. Article > Wachovia's CDO exposure light. Article > Wachovia pares jobs in San Antonio. Article > Och-Ziff assets up 10 percent. Article
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