International Business News - CMA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Comerica Inc. said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The reduction in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually moves in lockstep with the fed funds rate, which is now 1.5 percent. http://www.ibtimes.com/articles/20081009/comerica-cuts-prime-rate-to-4-5-percent.htm Thu, 09 Oct 2008 09:58:24 EDT Investors are not fully factoring in losses tied to commercial loans at regional banks, a Friedman, Billings, Ramsey & Co. analyst said Thursday. Losses tied to commercial loans are likely to rise in the coming quarters, analyst James Abbott wrote. http://www.ibtimes.com/articles/20081009/ahead-of-the-bell-regional-banks.htm Thu, 09 Oct 2008 08:36:49 EDT Shares of regional banks mostly fell Wednesday afternoon despite the Federal Reserve Board slashing a key interest rate in a coordinated global effort to improve liquidity in the credit markets. http://www.ibtimes.com/articles/20081008/sector-snap-regional-banks-fall.htm Wed, 08 Oct 2008 12:59:47 EDT Shares of nearly all regional banks fell in late morning trading Tuesday amid continued concern in the credit markets and as banking bellwether Bank of America Corp. reported a further rise in charge-offs during the third quarter. http://www.ibtimes.com/articles/20081007/sector-snap-regional-banks.htm Tue, 07 Oct 2008 11:43:42 EDT Regional bank shares fell sharply Monday as the global markets tanked even as governments moved to save banks hobbled by wrong-way bets on mortgage securities. http://www.ibtimes.com/articles/20081006/sector-snap-regional-banks-plunge.htm Mon, 06 Oct 2008 15:43:38 EDT Shares in regional banks rose sharply Friday after Congress approved a plan that would see the federal government buy up bad debt from the troubled lenders. http://www.ibtimes.com/articles/20081003/regional-banks-surge-after-bailout-vote.htm Fri, 03 Oct 2008 13:46:41 EDT Deutsche Bank analyst Mike Mayo said the $700 billion financial rescue package currently before Congress would help reduce systemic risk and aid capital markets, but still not resolve all problems facing the credit markets. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-analyst-says-bailout-no-panacea.htm Fri, 03 Oct 2008 08:58:40 EDT Goldman Sachs Group and Morgan Stanley may be delving into retail banking soon, but consumers shouldn't expect marble-columned branches sprouting up in their neighborhood. http://www.ibtimes.com/articles/20081002/dont-expect-a-local-goldman-sachs-anytime-soon.htm Thu, 02 Oct 2008 18:13:33 EDT Shares of regional banks surged Wednesday, bucking declines in the broader market, as investors remained hopeful that a revived $700 billion financial rescue plan will help boost ailing financial firms. http://www.ibtimes.com/articles/20081001/sector-snap-regional-bank-stocks-soar.htm Wed, 01 Oct 2008 14:03:18 EDT Shares of regional banks lacked direction Wednesday as news of Goldman Sachs' successful capital raising efforts was not enough to quell anxiety among investors awaiting details of the government's bank rescue plan. http://www.ibtimes.com/articles/20080924/sector-snap-regional-bank-stocks-lack-direction.htm Wed, 24 Sep 2008 13:42:11 EDT Shares of most regional banks plunged in early trading Monday, as Wall Street questioned whether the government's plan to buy $700 billion in banks' bad mortgage debt will be a panacea to the industry's problems. http://www.ibtimes.com/articles/20080922/sector-snap-regional-bank-shares-plummet.htm Mon, 22 Sep 2008 11:09:08 EDT Standard & Poor's Ratings Services is maintaining its investment-grade ratings on Comerica Inc. following the bank's announcements that it will buy back nearly $1.5 billion in auction-rate securities and cut its dividend. http://www.ibtimes.com/articles/20080919/s-p-ratings-on-comerica-unchanged-after-settlement.htm Fri, 19 Sep 2008 13:07:31 EDT Shares of regional banks surged Friday--extending a rally that began Thursday--as investors were heartened by a temporary ban on short selling and the federal government's plans to help rescue banks burdened by souring mortgage debt. http://www.ibtimes.com/articles/20080919/regional-bank-stocks-surge-on-governments-moves.htm Fri, 19 Sep 2008 11:15:50 EDT With a national financial crisis spiraling, House lawmakers on Thursday expressed some relief that earlier distress in one market at least--auction-rate securities--now appears to have eased with investors being compensated. http://www.ibtimes.com/articles/20080918/lawmakers-see-progress-in-auction-rate-securities.htm Thu, 18 Sep 2008 14:07:30 EDT Michigan Attorney General Mike Cox announced Thursday that his office reached a settlement with the investment arm of Comerica Inc. over the sale of $1.46 billion in auction-rate securities. http://www.ibtimes.com/articles/20080918/mich-ag-settles-with-comerica-in-securities-probe.htm Thu, 18 Sep 2008 14:19:02 EDT Regional banks pared early stock losses and traded down less sharply than the broader market Monday as investors scrambled to assess individual banks' exposure to risky mortgage loans that triggered a major crisis on Wall Street. http://www.ibtimes.com/articles/20080915/regional-banks-pare-early-losses.htm Mon, 15 Sep 2008 10:14:48 EDT Regional bank Comerica Inc. may have to cut its dividend if credit conditions get much worse, an analyst for Deutsche Bank said Wednesday. But analyst Mike Mayo reiterated a "Buy" rating on the stock because of the likelihood the bank will outperform the industry. http://www.ibtimes.com/articles/20080910/analyst-says-comerica-may-have-to-cut-dividend.htm Wed, 10 Sep 2008 14:23:47 EDT Kenny Chesney, the Country Music Association's reigning entertainer of the year, dominated the CMA Award nominations on Wednesday with seven, including album of the year. http://www.ibtimes.com/data/articleimgs/127340-music-cma-nominations.jpg http://www.ibtimes.com/articles/20080910/carrie-underwood-kenny-chesney-among-cma-nominees.htm http://www.ibtimes.com/articles/20080910/carrie-underwood-kenny-chesney-among-cma-nominees.htm Wed, 10 Sep 2008 18:58:09 EDT Among the stock activity stories for Friday, Sept. 5, from AP Financial News: HOUSTON (AP)--Halliburton Co. shares fell 4 percent Friday as Goldman Sachs removed the oilfield services provider from its list of preferred stocks. http://www.ibtimes.com/articles/20080905/movers-roundup-halliburton-comerica.htm Fri, 05 Sep 2008 14:23:10 EDT Shares of regional banks mostly rose Friday, even as the broader market dropped on renewed concern about the economy after the Labor Department reported a spike in the unemployment rate. http://www.ibtimes.com/articles/20080905/sector-snap-regional-bank-stocks-mostly-rise.htm Fri, 05 Sep 2008 15:47:06 EDT