International Business News - STI 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 were mixed Wednesday, as investor concerns about the overall health of the sector were offset by the effect of a broader market rally. http://www.ibtimes.com/articles/20081126/sector-snap-regional-bank-stocks-mixed.htm Wed, 26 Nov 2008 14:35:56 EST Shares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets. http://www.ibtimes.com/articles/20081125/sector-snap-regional-bank-stocks-mixed.htm Tue, 25 Nov 2008 12:54:19 EST Regional bank SunTrust Banks Inc. said in a regulatory filing Monday that it received $3.5 billion in capital as part of the government's $700 billion bank rescue package. http://www.ibtimes.com/articles/20081117/suntrust-receives-3-5-billion-from-govt-program.htm Mon, 17 Nov 2008 13:38:14 EST Shares of regional banks mostly fell Monday afternoon amid continued concerns about the financial services sector and as an analyst cut his price target for BB&T Corp. http://www.ibtimes.com/articles/20081117/sector-snap-regional-banks-mostly-fall.htm Mon, 17 Nov 2008 12:42:53 EST Shares of most regional banks fell Monday afternoon as investors continue to worry about the performance of banks amid the ongoing credit and mortgage market turmoil. http://www.ibtimes.com/articles/20081110/sector-snap-regional-banks-mostly-fall.htm Mon, 10 Nov 2008 12:48:55 EST Still licking its wounds following a failed bid to buy Wachovia Corp., Citigroup Inc. is on the prowl again and is in talks to acquire a regional bank, according to media reports Monday. http://www.ibtimes.com/articles/20081110/report-citigroup-on-the-prowl-for-regional-bank.htm Mon, 10 Nov 2008 19:11:39 EST Shares of regional banks fell with the broader market Wednesday as investors cashed in on recent gains as the economy continues to falter. The Dow Jones Industrials average fell more than 3 percent to 9,330.58 and the Standard & Poor's 500 fell 3.3 percent to 972.90. http://www.ibtimes.com/articles/20081105/sector-snap-regional-banks.htm Wed, 05 Nov 2008 13:56:54 EST Cullen/Frost Bankers Inc. said Friday that it has decided not to participate in the U.S. Treasury Department's capital purchase program, adding that its current capital position remains strong. http://www.ibtimes.com/articles/20081031/cullen-frost-wont-pursue-treasury-investment.htm Fri, 31 Oct 2008 17:34:25 EDT SunTrust Banks Inc. said Thursday it 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/suntrust-banks-cuts-prime-lending-rate.htm Thu, 30 Oct 2008 12:07:19 EDT Shares of regional banks traded mixed Wednesday after the Federal Reserve cut its key interest rate by half a percentage point to 1 percent, a move designed to further spur lending among banks and to consumers. http://www.ibtimes.com/articles/20081029/regional-bank-stocks-mixed-following-fed-rate-cut.htm Wed, 29 Oct 2008 14:49:46 EDT 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 Fifth Third Bancorp said Tuesday it expects to sell about $3.45 billion in senior preferred stock and warrants to the U.S. Treasury Department under its capital purchase program. http://www.ibtimes.com/articles/20081028/fifth-third-to-receive-3-45b-from-treasury.htm Tue, 28 Oct 2008 14:52:48 EDT FirstMerit Corp. said Tuesday that its third-quarter profit slipped 2 percent, narrowly beating Wall Street's expectations. The Akron, Ohio-based community bank reported net income of $29.8 million, or 37 cents per share, compared with $30.3 million, or 38 cents per share, a year earlier. http://www.ibtimes.com/articles/20081028/firstmerit-3rd-quarter-profit-declines-2-percent.htm Tue, 28 Oct 2008 11:25:46 EDT Marshall & Ilsley Corp. said Tuesday it has received preliminary approval from the U.S. Treasury Department for a $1.7 billion investment under the government's capital purchase program. http://www.ibtimes.com/articles/20081028/m-i-gets-approval-for-1-7b-treasury-investment.htm Tue, 28 Oct 2008 11:05:06 EDT Zions Bancorp said Tuesday that is has received preliminary approval from the U.S. Treasury Department to receive a $1.4 billion investment under the government's capital purchase program. http://www.ibtimes.com/articles/20081028/zions-bancorp-to-receive-1-4b-treasury-investment.htm Tue, 28 Oct 2008 09:09:30 EDT Picture giant electronic rivers of cash flowing toward nine major banks, giving the government an unprecedented direct stake in the institutions in its bid to contain the financial crisis. http://www.ibtimes.com/articles/20081027/meltdown-101-electronic-cash-flows-to-9-big-banks.htm Mon, 27 Oct 2008 16:58:58 EDT A number of financial institutions, including Capital One Financial Corp. and SunTrust Banks Inc., have announced they will receive funds under the Treasury Department's rescue program to strengthen their capital position. http://www.ibtimes.com/data/articleimgs/160730-meltdown-banks.jpg http://www.ibtimes.com/articles/20081027/banks-to-use-govt-funds-for-lending-dealmaking.htm http://www.ibtimes.com/articles/20081027/banks-to-use-govt-funds-for-lending-dealmaking.htm Mon, 27 Oct 2008 17:50:59 EDT SunTrust Banks Inc. said Monday it has received preliminary approval from the Treasury Department for a $3.5 billion investment under the government's capital purchase program. http://www.ibtimes.com/articles/20081027/suntrust-banks-to-receive-3-5b-from-treasury.htm Mon, 27 Oct 2008 17:27:53 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 Regional banks said throughout the week that they are considering or will apply to receive direct equity investments from the federal government under its recently passed $750 billion bailout plan. http://www.ibtimes.com/articles/20081024/ahead-of-the-bell-regional-banks.htm Fri, 24 Oct 2008 08:23:24 EDT