International Business News - MTB 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 An analyst said Thursday some regional banks are in danger of needing to cut their dividends to meet guidelines set forth by regulators about how banks should manage those payouts. http://www.ibtimes.com/articles/20081113/ahead-of-the-bell-bank-dividends-under-pressure.htm Thu, 13 Nov 2008 09:12:59 EST Regional bank M&T Bank Corp. has lowered its prime lending rate to 4 percent from 4.5 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 percent. http://www.ibtimes.com/articles/20081030/m-t-bank-cuts-prime-lending-rate-to-4-percent.htm Thu, 30 Oct 2008 10:14:54 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 Government moving to help break credit logjam WASHINGTON (AP)--The Federal Reserve on Tuesday introduced a new program to finance the purchases of assets from money market mutual funds as the government continued to search for ways to battle a severe credit crisis. http://www.ibtimes.com/articles/20081021/business-highlights.htm Tue, 21 Oct 2008 18:45:58 EDT A bevy of regional banks reported worse-than-expected third-quarter results on Tuesday, burdened by investment losses and higher credit costs--a stark indicator of more loan troubles ahead. http://www.ibtimes.com/data/articleimgs/156781-earns-us-bancorp.jpg http://www.ibtimes.com/articles/20081021/regional-banks-3q-reports-show-ongoing-credit-woes.htm http://www.ibtimes.com/articles/20081021/regional-banks-3q-reports-show-ongoing-credit-woes.htm Tue, 21 Oct 2008 17:17:57 EDT Shares of most regional banks advanced Tuesday as investors were encouraged by the government's plan to buy stakes in banks--an effort designed to revitalize crippled credit markets and boost confidence in the market. http://www.ibtimes.com/articles/20081014/sector-snap-regional-bank-stocks-rally.htm Tue, 14 Oct 2008 11:32:58 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 M&T Bank Corp. lowered its prime lending rate to 4.5 percent from 5 percent effective Thursday. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually move in lockstep with the fed funds rate, which is now 1.5 percent. http://www.ibtimes.com/articles/20081009/m-t-bank-cuts-prime-rate-to-4-5-percent.htm Thu, 09 Oct 2008 09:42:46 EDT Shares of regional banks soared Tuesday as investors flooded the market in search of bargains, following one of the biggest selloffs in years the day before. http://www.ibtimes.com/articles/20080930/sector-snap-shares-of-regional-banks-soar.htm Tue, 30 Sep 2008 15:11:26 EDT Shares on the Irish Stock Exchange fell 8 percent Tuesday to an 11 1/2-year low, driven by fears over Irish banks' exposure to a real estate slump--and a sell-off of their shares by troubled U.S. investment banks. http://www.ibtimes.com/articles/20080923/irish-stocks-fall-8-pct.htm Tue, 23 Sep 2008 12:53:42 EDT A Robert W. Baird & Co. analyst on Tuesday downgraded the shares of M&T Bank Corp. to "Underperform" from "Neutral," due to the stock's current valuation. http://www.ibtimes.com/articles/20080923/robert-baird-analyst-cuts-rating-on-m-t-bank.htm Tue, 23 Sep 2008 10:18:26 EDT Shares on the Irish Stock Exchange fell 8 percent Tuesday to an 11 1/2-year low, driven by fears over Irish banks' exposure to a real estate slump--and a selloff by troubled U.S. investment banks. http://www.ibtimes.com/articles/20080923/irish-stocks-fall-8-pct.htm Tue, 23 Sep 2008 12:08:46 EDT Among the stock activity stories for Monday, Sept. 22, from AP Financial News: DENVER (AP)--VeraSun Energy Corp.'s stock price rose a second consecutive trading day Monday after an analyst upgraded his rating yet urged investors to be cautious in wake of the ethanol producer's preannounced third-quarter estimates. http://www.ibtimes.com/articles/20080922/movers-roundup-verasun-energy-gm.htm Mon, 22 Sep 2008 18:29:12 EDT M&T Bank Corp. shares slumped Monday after research firm Stifel, Nicolaus downgraded the stock, advising investors to take profits following sharp gains last week. http://www.ibtimes.com/articles/20080922/m-t-shares-slide-after-sharp-gains-last-week.htm Mon, 22 Sep 2008 14:41:22 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 Among the premarket stories for Thursday, Sept. 18, from AP Financial News: DETROIT (AP)--An analyst on Thursday upgraded shares of Advance Auto Parts Inc. from "Neutral", adding them to his "Conviction Buy List" due to falling crude oil prices and auto parts customers having a lower exposure to credit challenges when compared with other retailers. http://www.ibtimes.com/articles/20080918/premarket-roundup-advance-auto-parts-town-sports.htm Thu, 18 Sep 2008 10:10:11 EDT Sandler O'Neill & Partners analyst Joseph Fenech on Thursday cut his rating on M&T Bank Corp. to "Sell" from "Hold," noting the stock's recent rally and the current difficult operating environment. http://www.ibtimes.com/articles/20080918/ahead-of-the-bell-m-t-bank-downgraded-to-sell.htm Thu, 18 Sep 2008 09:05:58 EDT M&T Bank Corp. shares fell shortly after the opening bell Friday after a Robert W. Baird & Co. analyst cut his rating to "Neutral" from "Outperform," noting the stock has reached his price target following recent outperformance. http://www.ibtimes.com/articles/20080905/m-t-bank-shares-slip-after-baird-downgrade.htm Fri, 05 Sep 2008 09:34:36 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 Shares of regional banks soared Thursday, along with the broader market, as Wall Street found solace in a better-than-expected reading on the U.S. economy. http://www.ibtimes.com/articles/20080828/sector-snap-regional-bank-stocks-soar.htm Thu, 28 Aug 2008 14:48:02 EDT