International Business News - CNB 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 Shares of regional banks tumbled Tuesday amid several bank downgrades and as concern over the fate of investment bank Lehman Brothers Holdings Inc. rattled financial stocks. http://www.ibtimes.com/articles/20080909/sector-snap-regional-bank-stocks-post-deep-losses.htm Tue, 09 Sep 2008 15:49:04 EDT Among the stock activity stories for Tuesday, Sept. 9, from AP Financial News: NEW YORK (AP)--Colonial BancGroup Inc. shares tumbled Tuesday after an analyst downgraded the shares to "Sell," noting continued credit deterioration and the company's significant exposure to the housing market. http://www.ibtimes.com/articles/20080909/movers-roundup-colonial-bancgroup-capitalsource.htm Tue, 09 Sep 2008 14:55:01 EDT Colonial BancGroup Inc. shares tumbled Tuesday after an analyst downgraded the shares to "Sell," noting continued credit deterioration and the company's significant exposure to the housing market. http://www.ibtimes.com/articles/20080909/colonial-bancgroup-shares-fall-on-downgrade.htm Tue, 09 Sep 2008 17:02:37 EDT Shares of regional banks mostly fell Thursday as some investors pulled out of financial stocks on fresh concerns about the health of the sector. Financial firms continue to grapple with deteriorating credit and housing markets, which investors worry will lead to more losses. http://www.ibtimes.com/articles/20080821/sector-snap-regional-bank-stocks-mostly-fall.htm Thu, 21 Aug 2008 14:00:25 EDT A former chairman of the U.S. Securities and Exchange Commission is assisting the Alabama Securities Commission with an investigation of short sellers and false rumors involving Montgomery-based Colonial BancGroup. http://www.ibtimes.com/articles/20080820/former-sec-chair-to-help-with-ala-stock-probe.htm Wed, 20 Aug 2008 13:56:41 EDT Colonial BancGroup Inc. said Wednesday it swung to a loss during the second quarter due to a sharp rise in its provision for loan losses. Colonial lost $9 million, or 5 cents per share, during the quarter, compared with earnings of $66.1 million, or 43 cents per share, during the same period the previous year. http://www.ibtimes.com/articles/20080716/colonial-bancgroup-swings-to-loss-in-2nd-quarter.htm Wed, 16 Jul 2008 18:41:32 EDT Six companies in the financial-services sector are being added to the Russell 1000 in this year's reconstitution of the large stock index, while 12 in the sector are being removed. http://www.ibtimes.com/articles/20080630/russell-1000-adds-6-financial-services-stocks.htm Mon, 30 Jun 2008 09:13:20 EDT Five companies in the financial-services sector are being added to the Russell 1000 in this year's reconstitution of the large stock index, while 12 in the sector are being removed. http://www.ibtimes.com/articles/20080630/russell-1000-adds-5-financial-services-stocks.htm Mon, 30 Jun 2008 08:15:48 EDT The Standard & Poor's MidCap 400 index edged up during midday trading Tuesday as a multibillion-dollar takeover offer helped offset high oil prices and other negative economic data. http://www.ibtimes.com/articles/20080617/s-p-midcap-400-in-focus-ment-cnb.htm Tue, 17 Jun 2008 12:36:13 EDT The Standard & Poor's MidCap 400 index rose in midday trading Wednesday as the broader markets reacted to news the service economy grew last month, and crude oil prices fell on demand concerns. http://www.ibtimes.com/articles/20080604/s-p-midcap-400-in-focus-bobe-cnb.htm Wed, 04 Jun 2008 13:02:45 EDT Shares of Colonial Bancgroup Inc. hit a 52-week low Wednesday, as a Morgan Keegan & Co. analyst lowered his 2008 profit estimate on the regional bank, mainly due to expectations for higher credit provisions. http://www.ibtimes.com/articles/20080528/last-call-colonial-bancgroup-shares-fall.htm Wed, 28 May 2008 15:43:13 EDT At least 10 regional banks are likely to need to raise new capital or cut their dividends in the coming year, a JPMorgan Chase & Co. research analyst wrote Monday in a client note. http://www.ibtimes.com/articles/20080519/more-regional-banks-likely-to-raise-new-capital.htm Mon, 19 May 2008 14:29:25 EDT Colonial BancGroup Inc. said Friday it raised net proceeds of about $333 million in the public sale of stock. The company offered 43.7 million shares for $8 apiece, including 5.7 million shares resulting from the exercise of the underwriters' overallotment option. http://www.ibtimes.com/articles/20080425/colonial-bancgroup-nets-333-million-in-stock-offering.htm Fri, 25 Apr 2008 15:39:28 EDT Colonial Bancgroup Inc. shares plunged Monday after the regional bank's first-quarter earnings missed Wall Street expectations, lowered its dividend and said it would sell shares to raise capital. http://www.ibtimes.com/articles/20080421/colonial-banc-down-after-1q-earnings-miss-dividend-cut.htm Mon, 21 Apr 2008 19:39:10 EDT The rapid pace of asset quality deterioration may force some banks to raise capital fast, or face regulatory review, a Friedman, Billings, Ramsey analyst said Wednesday. Banks with a rapidly increas... http://www.ibtimes.com/articles/20080402/ahead-of-the-bell-banks-may-face-review.htm Wed, 02 Apr 2008 08:21:50 EDT Shares of regional banks mostly fell Monday after a Morgan Keegan & Co. analyst cut his earnings estimates on a number of banks and warned that the stocks will remain under pressure in the near term. http://www.ibtimes.com/articles/20080225/sector-snap-regional-bank-shares-fall.htm Mon, 25 Feb 2008 12:39:59 EST A director of commercial bank Colonial Bancgroup Inc. bought 50,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday. http://www.ibtimes.com/articles/20080130/colonial-bancgroup-director-buys-shares.htm Wed, 30 Jan 2008 15:07:12 EST Shares of Colonial Bancgroup Inc. hit a 52-week low Thursday morning after a Morgan Keegan analyst downgraded the commercial bank to "Market Perform" from "Outperform," citing a deteriorating Florida real estate market. http://www.ibtimes.com/articles/20071213/colonial-bancgroup-hits-low-on-downgrade.htm Thu, 13 Dec 2007 20:31:51 EST