International Business News - HBAN 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 At least 110 banks have requested more than $170 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before Friday's deadline. http://www.ibtimes.com/articles/20081115/110-banks-have-asked-for-170b-under-bailout-plan.htm Sat, 15 Nov 2008 00:27:10 EST At least 110 banks have requested about $220 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before Friday's deadline. http://www.ibtimes.com/articles/20081114/110-banks-have-asked-for-220b-under-bailout-plan.htm Fri, 14 Nov 2008 18:50:04 EST Regional bank Huntington Bancshares Inc. said Friday it received $1.4 billion in capital as part of the government's $700 billion bank rescue package. http://www.ibtimes.com/articles/20081114/huntington-bank-receives-1-4b-from-govt-program.htm Fri, 14 Nov 2008 14:51:10 EST Huntington Bancshares Inc. revised its third-quarter results Monday, lowering its profit by about $40 million after logging a larger write-down on securities backed by mortgages. http://www.ibtimes.com/articles/20081110/huntington-bank-revises-its-3q-earnings-downward.htm Mon, 10 Nov 2008 19:20:37 EST Shares of most regional banks rose Tuesday, after several announced they have been approved for capital investments from the government. A number of regional banks, including SunTrust Banks Inc., KeyCorp, Fifth Third Bancorp and Zions Bancorp, have announced this week that they've received preliminary approval from the government for investments under the U.S. Treasury Department's capital purchase program. http://www.ibtimes.com/articles/20081028/sector-snap-regional-bank-stocks-mostly-rise.htm Tue, 28 Oct 2008 14:58:17 EDT The Treasury Department will buy $1.4 billion of newly issued preferred shares of Huntington Bancshares Inc. as part of the government's $250 billion capital purchase program, the regional bank said Monday. http://www.ibtimes.com/articles/20081027/government-invests-1-4b-in-huntington-bancshares.htm Mon, 27 Oct 2008 10:38:37 EDT Shares of regional banks mostly fell Friday--a day of deep declines in the broader market--as concerns about a potential global economic recession weighed on investors. http://www.ibtimes.com/articles/20081024/sector-snap-regional-bank-stocks-mostly-fall.htm Fri, 24 Oct 2008 16:03:20 EDT Shares of regional banks faltered Thursday as investors fled financial stocks amid more signs of a weakening economy. The Labor Department reported Thursday that new applications for unemployment benefits rose 15,000 last week to a seasonally adjusted 478,000. Jobless claims above 400,000 are considered a sign of recession. http://www.ibtimes.com/articles/20081023/sector-snap-regional-bank-stocks-fall.htm Thu, 23 Oct 2008 14:56:14 EDT Shares of regional banks were mixed Monday as signs of easing in the credit markets weren't enough to offset investors' concerns about the effects of a worsening economy on the financial sector. http://www.ibtimes.com/articles/20081020/sector-snap-regional-bank-stocks-mixed.htm Mon, 20 Oct 2008 14:08:40 EDT Regional banks BB&T Corp., Huntington Bancshares Inc. and PNC Financial Services Group Inc. all reported double-digit declines in third-quarter profit Thursday, a clear sign of the downtrodden economy's deteriorating credit trends. http://www.ibtimes.com/articles/20081016/credit-woes-plaguing-regional-banks.htm Thu, 16 Oct 2008 17:02:29 EDT Huntington Bancshares Inc. reported a 17 percent decline in third-quarter profit and cut its outlook for the remainder of the year, as the bank's loan portfolios continue to struggle amid a worsening economy. http://www.ibtimes.com/articles/20081016/huntington-bancshares-3q-profit-slides-17-percent.htm Thu, 16 Oct 2008 12:28:57 EDT Morgan Keegan analyst Robert Patten on Tuesday upgraded the shares of a handful of regional banks, based on the view that the federal government's plan to buy shares in banks will significantly boost the ailing financial sector. http://www.ibtimes.com/articles/20081014/ahead-of-the-bell-analysts-upgrade-regional-banks.htm Tue, 14 Oct 2008 09:25:56 EDT Bank stocks were mixed Friday, as investors weighed a number of potential government initiatives to help free up lending and stabilize the economy. After rallying early in the session, some financial stocks pulled back. The swings in prices reflected those in the broader market, though not as severely. Frozen credit markets and a loss of confidence in the world's financial system have caused the Dow Jones industrial average to drop 21 percent in just 10 trading days, and Friday afternoon it was down 300 points at 8,298. http://www.ibtimes.com/articles/20081010/sector-snap-bank-stocks-fluctuate.htm Fri, 10 Oct 2008 13:00:36 EDT Huntington Bancshares Inc. said Thursday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut 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/huntington-cuts-prime-rate-to-4-5-percent.htm Thu, 09 Oct 2008 10:25:32 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 Huntington Bancshares Inc. rose Wednesday as Wall Street remained hopeful ahead of a Senate vote on a sweetened $700 billion financial rescue plan. http://www.ibtimes.com/articles/20081001/huntington-bancshares-rises-ahead-of-bailout-vote.htm Wed, 01 Oct 2008 17:50:05 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 Keefe, Bruyette & Woods analyst Robert Hughes on Wednesday downgraded the shares of Huntington Bancshares Inc. to "Underperform" from "Market Perform," on expectations for decaying credit trends. http://www.ibtimes.com/articles/20080910/ahead-of-the-bell-kbw-downgrades-huntington.htm Wed, 10 Sep 2008 08:40:03 EDT Shares of regional banks fell Thursday, amid broad market declines, as investors' fears about the economy were exasperated by an unexpected spike in jobless claims and disappointing sales reports from retailers. http://www.ibtimes.com/articles/20080904/sector-snap-regional-bank-stocks-decline.htm Thu, 04 Sep 2008 13:55:19 EDT Shares of regional banks were mixed Friday after the Commerce Department reported that personal incomes in July dropped by the largest amount in nearly three years. http://www.ibtimes.com/articles/20080829/sector-wrap-regional-bank-stocks-mixed.htm Fri, 29 Aug 2008 16:29:17 EDT