International Business News - SOV 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 Among the earnings stories for Wednesday, July 23, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080723/earnings-roundup-ny-times-glaxosmithkline.htm Wed, 23 Jul 2008 10:23:19 EDT Regional bank Sovereign Bancorp Inc. said Wednesday its second-quarter profit fell 14 percent as provisions for credit losses more than doubled. Net income fell to $127.4 million, or 22 cents per share, from $147.5 million, or 29 cents per share, during the same quarter the previous year. http://www.ibtimes.com/articles/20080723/sovereign-bancorp-2q-earnings-fall-14-percent.htm Wed, 23 Jul 2008 09:59:45 EDT Several regional bank stocks were among the biggest decliners on the New York Stock Exchange Monday as investors worried about the prospect of more bank failures after the government's takeover of IndyMac Bancorp Inc. http://www.ibtimes.com/articles/20080714/sector-snap-regional-bank-shares-tumble.htm Mon, 14 Jul 2008 15:04:06 EDT Several regional bank stocks were among the biggest decliners on the New York Stock Exchange Monday as investors worried about the prospect of more bank failures after the government's takeover of IndyMac Bancorp Inc. http://www.ibtimes.com/articles/20080714/sector-snap-regional-bank-shares-tumble.htm Mon, 14 Jul 2008 13:31:45 EDT Spanish banking giant Banco Santander said Monday it has agreed to buy the British mortgage lender Alliance & Leicester PLC in a deal valued at $2.5 billion. http://www.ibtimes.com/articles/20080714/santander-confirms-a-l-takeover-deal.htm Mon, 14 Jul 2008 12:21:29 EDT British mortgage lender Alliance & Leicester PLC is in advanced talks about a possible takeover, the company said Monday. The lender did not name its potential suitor, but the British Broadcasting Corp. identified it as Banco Santander Central Hispano S.A. of Spain, which already owns British bank Abbey National PLC. http://www.ibtimes.com/articles/20080714/uk-mortgage-lender-in-takeover-talks.htm Mon, 14 Jul 2008 06:29:49 EDT Shares of MBIA Inc. declined on Friday and helped tug the Standard & Poor's 500 lower amid high oil prices and continued worries about the health of the financial sector. http://www.ibtimes.com/articles/20080620/s-p-500-leaders-laggards-mbi-hban.htm Fri, 20 Jun 2008 17:57:22 EDT Among the premarket stories for Monday, June 2, from AP Financial News: NEW YORK (AP)--Two analysts initiated coverage of American Water Works Co. Monday and said the recently public water utility stands to post strong earnings growth in the months and years ahead. http://www.ibtimes.com/articles/20080602/premarket-roundup-american-water-works-petrohawk.htm Mon, 02 Jun 2008 09:34:05 EDT Sovereign Bancorp Inc.'s recent $1.9 billion capital raise led a Keefe, Bruyette & Woods analyst to raise his rating and price target Monday. Analyst Robert Hughes upgraded the Philadelphia-based bank to "Outperform" from "Market Perform." http://www.ibtimes.com/articles/20080602/ahead-of-the-bell-sovereign-bancorp-upgraded.htm Mon, 02 Jun 2008 08:38:02 EDT A director of commercial bank Sovereign Bancorp Inc. bought 1,353,600 shares of common stock, according to a filing with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080530/sovereign-bancorp-director-buys-shares.htm Fri, 30 May 2008 14:29:56 EDT A regulator whose agency would disappear under a Bush administration plan to revamp financial oversight says his agency should instead be given expanded power over the U.S. home loan market. http://www.ibtimes.com/articles/20080527/thrift-regulator-wants-more-powers-over-mortgage-industry.htm Tue, 27 May 2008 12:49:20 EDT Federally regulated savings and loans set aside a record $7.6 billion to cover losses on problem loans in the first quarter as they felt the brunt of the housing market's downturn. http://www.ibtimes.com/articles/20080527/us-thrifts-swing-to-1q-loss-as-housing-bust-hurts-results.htm Tue, 27 May 2008 12:17:45 EDT The chief financial officer of commercial bank Sovereign Bancorp Inc. bought 65,700 shares of common stock, according to a filing with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080520/sovereign-bancorp-cfo-buys-shares.htm Tue, 20 May 2008 16:04:46 EDT Moody's Investors Service lifted Sovereign Bancorp's credit rating because the bank successfully raised $1.9 billion by selling stock and bonds, the ratings agency said Tuesday. http://www.ibtimes.com/articles/20080520/moodys-upgrades-sovereigns-credit-rating.htm Tue, 20 May 2008 15:10:47 EDT Sovereign Bancorp has raised $1.9 billion by selling bonds and stock representing a roughly 27 percent stake in the company, the bank said. The Philadelphia-based bank, which lost $1.35 billion last year, earlier this month unveiled a planned stock and bond sale to raise money to fortify the company's finances. http://www.ibtimes.com/articles/20080520/sovereign-closes-1-9-billion-sale-of-stock-bonds.htm Tue, 20 May 2008 10:13:10 EDT Sovereign Bank Inc.'s savings bank subsidiary said Tuesday it priced a $500 million offering of fixed-rate subordinated notes. The notes have a coupon on 8.75 percent and mature on May 30, 2018. http://www.ibtimes.com/articles/20080513/sovereign-bank-prices-500-million-notes-offering.htm Tue, 13 May 2008 00:11:07 EDT An analyst upgraded Sovereign Bancorp Inc. Tuesday morning after the bank said it would sell stocks and bonds to raise $1.5 billion in much-needed capital. http://www.ibtimes.com/articles/20080513/ahead-of-the-bell-analyst-upgrades-sovereign.htm Tue, 13 May 2008 08:27:00 EDT Sovereign Bancorp Inc., the nation's third-largest savings and loan, said Monday that its two biggest shareholders are planning to boost their investment in the company as it seeks to raise $1.5 billion to hedge against an economic slowdown. http://www.ibtimes.com/articles/20080512/sovereign-shareholders-to-boost-investment.htm Mon, 12 May 2008 16:48:52 EDT Shares of Sovereign Bancorp jumped Monday after the bank unveiled plans to raise $1.5 billion by selling stock and bonds. Analysts said the plan could help alleviate concerns about whether the bank has enough cash. http://www.ibtimes.com/articles/20080512/sovereign-shares-jump-on-plan-to-sell-stock-bonds.htm Mon, 12 May 2008 15:23:22 EDT Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080509/sovereign-aig-among-big-market-movers.htm Fri, 09 May 2008 13:11:35 EDT