Bankers Forum - Friday Morning News - Credit Card Reform; TARP; Wells Fargo; SunTrust

Credit Card Reform Bill
(See section on sidebar from more news)

Cramdown Versus Credit Cards: What A Difference A President Makes
http://www.huffingtonpost.com/2009/05/14/cramdown-versus-credit-ca_n_203767.html

Credit card reform bill slows in U.S. Senate
http://uk.reuters.com/article/marketsNewsUS/idUKN1449984520090514

General News

BofA Told To Replace Board With People Who Actually Know About Banking
http://www.businessinsider.com/bofa-told-to-replace-board-with-people-who-actually-know-about-banking-2009-5

Banks Strong-Armed into TARP $
Good Article
http://dealbook.blogs.nytimes.com/2009/05/13/records-show-full-court-press-behind-banking-bailout/?hp

Bankers, Without Final Rules, Position For TARP Repayment
http://money.cnn.com/news/newsfeeds/articles/djf500/200905141328DOWJONESDJONLINE000624_FORTUNE5.htm
Bank execs' new 'stress'
http://money.cnn.com/2009/05/15/news/companies/stress_test_management/?postversion=2009051503

Peoples Bank now open for business
In Ohio?
http://www.zanesvilletimesrecorder.com/article/20090515/NEWS01/905150323/1002

Wells Fargo and Bank of America Hired Thousands Of Mortgage Employees Last Quarter
http://www.businessinsider.com/wells-fargo-and-bank-of-america-hired-thousands-of-mortgage-employees-last-quarter-2009-5

Wells Fargo

Wells Fargo to pay $312.5M TARP dividend
http://www.forbes.com/feeds/ap/2009/05/14/ap6424579.html

Hartmarx workers sit-in vote spreads to Rochester, NY
http://www.pww.org/article/articleview/15641/

Price Says Current Market ‘Ideal for Stock Picker’
Says Wells and BBT good bet
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeC2.DqRofgU&refer=home

Curious Accounting Tactics at Wells Fargo
http://seekingalpha.com/article/136782-curious-accounting-tactics-at-wells-fargo

KeyCorp

KeyCorp Agrees With Holders to Swap Convertible Stock
http://www.bloomberg.com/apps/news?pid=20601103&sid=awsYACuEMYI0&refer=us

SunTrust

Johnny B. Moore Jr. to become president, CEO of SunTrust in Memphis
http://www.commercialappeal.com/news/2009/may/08/moore-become-ceo-suntrust-bank-memphis/

SunTrust plans $1.25 bln stock sale, dividend cut
http://www.forbes.com/feeds/afx/2009/05/15/afx6428524.html

Bank of America

Moody's may upgrade Bank of America rating
http://www.forbes.com/feeds/ap/2009/05/14/ap6424427.html

Regulators urge Bank of America board overhaul: Report
http://economictimes.indiatimes.com/News/International-Business/Regulators-urge-Bank-of-America-board-overhaul-Report/articleshow/4534734.cms

PNC

PNC latest bank to sell shares to raise capital
http://www.forbes.com/feeds/ap/2009/05/14/ap6423265.html

CITI

Parsons: White House won't run Citi
http://money.cnn.com/2009/05/13/news/companies/citigroup_chairman_TARP/?postversion=2009051315