International Business News - TCB 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 premarket stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--The restructuring plans submitted to Congress by the U.S. automakers contain several moves essential to returning the companies to profitability, but aren't without their own risks, analysts said. http://www.ibtimes.com/articles/20081203/premarket-roundup-automakers-investment-banks.htm Wed, 03 Dec 2008 09:31:24 EST Credit losses at regional banks will probably grow until late 2009, a JPMorgan Chase & Co. analyst said Wednesday as he slashed his estimates for the group. http://www.ibtimes.com/articles/20081203/ahead-of-the-bell-regional-banks.htm Wed, 03 Dec 2008 08:02:46 EST TCF Financial Corp. said late Friday it received $361 million in capital as part of the government's $700 billion bank rescue package. The government investment, administered by the U.S. Treasury Department, is part of a broader program to invest in banks amid the ongoing credit crisis in an effort to stabilize the financial services sector and spur lending between banks and to consumers and other businesses. http://www.ibtimes.com/articles/20081117/tcf-financial-receives-government-investment.htm Mon, 17 Nov 2008 09:07:04 EST 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 TCF Financial Corp. said Tuesday it received preliminary approval to take part in the government's plan to directly invest in banks. TCF Financial will receive $361 million as part of the program. http://www.ibtimes.com/articles/20081104/tcf-financial-approved-to-receive-govt-investment.htm Tue, 04 Nov 2008 07:18:33 EST TCF Financial Corp. said late Wednesday 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 earlier in the day. The prime rate usually moves in lockstep with the fed funds rate, which is now 1 percent. http://www.ibtimes.com/articles/20081030/tcf-financial-cuts-prime-lending-rate.htm Thu, 30 Oct 2008 06:45:21 EDT TCF Financial Corp. said Wednesday 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 earlier in the day. The prime rate usually move in lockstep with the fed funds rate, which is now 1.5 percent. http://www.ibtimes.com/articles/20081008/tcf-financial-cuts-prime-rate-to-4-5-percent.htm Wed, 08 Oct 2008 11:45:31 EDT A group of Friedman, Billings, Ramsey & Co. analysts on Wednesday downgraded several regional and community banks, due to the significant rally of financial stocks in recent days. http://www.ibtimes.com/articles/20080924/ahead-of-the-bell-fbr-cuts-regional-bank-ratings.htm Wed, 24 Sep 2008 07:47:51 EDT TCF Financial Corp. on Monday said it is bringing back longtime chief executive William A. Cooper to head the financial services company, replacing Lynn A. Nagorske, who is retiring. The change is effective immediately. http://www.ibtimes.com/articles/20080728/tcf-financial-brings-cooper-back-as-chief-executive.htm Mon, 28 Jul 2008 10:30:34 EDT Among the earnings stories for Wednesday, July 23, from AP Financial News: FORT SMITH, Ark. (AP)--Trucking company Arkansas Best Corp. on Wednesday said its second-quarter profit dropped 17.6 percent on increased expenses for fuel and worker's compensation insurance. The results missed analyst expectations and its shares dropped almost 15 percent. http://www.ibtimes.com/articles/20080723/earnings-roundup-arkansas-best-tcf-financial.htm Wed, 23 Jul 2008 16:19:53 EDT Regional bank holding company TCF Financial Corp. said Wednesday its second-quarter profit fell 62 percent as the number of bad loans it wrote off nearly quadrupled, and it increased the amount it set aside to cover loan losses almost fivefold. http://www.ibtimes.com/articles/20080723/tcf-financial-2q-profit-down-on-bad-loan-costs.htm Wed, 23 Jul 2008 11:03:29 EDT TCF Financial Corp. announced Monday it will pay a regular quarterly dividend of 25 cents. The financial holding company said the dividend is payable on Aug. 29 for shareholders of record on Aug. 1. http://www.ibtimes.com/articles/20080722/tcf-financial-declares-dividend-of-25-cents.htm Tue, 22 Jul 2008 06:53:51 EDT The Standard & Poor's MidCap 400 index declined on Monday while oil prices dropped sharply and shares of St. Louis-based residential furniture company Furniture Brands International Inc. declined. http://www.ibtimes.com/articles/20080707/s-p-midcap-400-in-focus-fbn-knd.htm Mon, 07 Jul 2008 12:54:51 EDT A Lehman Brothers analyst on Monday cut his second-quarter earnings estimates for 22 national and regional banks, citing even steeper real-estate related costs during the quarter. http://www.ibtimes.com/articles/20080609/real-estate-related-costs-continue-to-hurt-banks.htm Mon, 09 Jun 2008 14:14:56 EDT