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Entries tagged "SunTrust"Banking stress tests previewThe information void over stress test results is creating speculation. Bank Watch: Morgan Stanley gains as JV deal nearsStocks sunk Monday. The Dow fell 98.85 points to 8,500.33, the S&P 500 dropped 15.99 points to 874.36, and the Nasdaq decreased by 27.43 points to 1,544.16. Financial stocks were mostly in the negative.... RBS remains coy, and bidders quiet, about Citizens saleWhile Americans digested their holiday dinners, the British government took control of the Royal Bank of Scotland Group plc. But as Americans headed out on Black Friday, the 1,600 branches of Citizens Financial Group, RBS' U.S. unit, operated normally. ... Bank Watch: Banks receiving cash injectionsSeveral U.S. banks are signing up for the U.S. government's cash injection. David Nason, assistant secretary for financial institutions, told CNBC that $125 million has been doled out to nine major banks and they will begin receiving the cash this week. Reuters is reporting a list of the banks and amounts they will receive. ... Could credit cards stop J.P. Morgan's buying spree?While J.P. Morgan Chase & Co.'s purchase of Bank One may have saved it from jumping on the subprime bandwagon, that deal may eventually offset a different ripple of distress at the big bank: credit card debt.... When will Canadian banks head south?The subprime mortgage crisis has presented Canadian banks with a fascinating opportunity, and it will be interesting to see if any of them them seize it, and how quickly. ... Carnac says Wachovia and J.P. MorganRumors are like weeds: They are really hard to kill. Case in point, J.P. Morgan Chase & Co.'s rumored interest in acquiring a commercial bank -- specifically a Southern bank. The original target of the rumors was SunTrust Banks Inc. Then, it expanded to include Washington Mutual Inc. -- until TPG Capital swooped in. Now, with Wachovia on the ropes, the media and blogosphere have turned their attention to North Carolina. ... Analyst: SunTrust 'worth more dead than alive'SunTrust Banks Inc. has a cloudy future with its finances in a mess and its survival possibly depending on who acquires the troubled bank. Reuters reports that Ladenburg Thalmann analyst Richard Bove believes the company is a strong takeover candidate and "is now worth more dead than alive."... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "SunTrust." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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