Tuesday Morning News

Credit Card Legislation
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Consumer protection coming for credit card rules
http://www.chron.com/disp/story.mpl/business/buggs/6428724.html

Credit card backlash bill comes due in U.S. Senate
http://www.reuters.com/article/governmentFilingsNews/idUSN1837268020090518

Four ways consumers could take a hit from new card rules
http://www.marketwatch.com/m/story/5b1b54ce-9db6-4518-8232-97077fc250f4/0

General

More Clients Ready to Switch Banks as Trust Wanes
http://www.financial-planning.com/news/clients-distrust-banks-2661954-1.html

American Express says it will eliminate 4,000 jobs
http://www.ajc.com/business/content/shared-gen/ap/Finance_General/US_American_Express.html

West Roxbury Man Protests Bank Layoffs
http://wbztv.com/local/west.roxbury.protest.2.1011063.html

SunTrust

Anonymous said in our posted comments...
"More cuts to SunTrust Bank happening this week."

SunTrust regroups from risks it took
http://www.ajc.com/services/content/printedition/2009/05/17/suntrust0517.html

Morgan Stanley & Goldman Sachs

Goldman Sachs, Morgan Stanley apply to repay TARP
http://www.google.com/hostednews/ap/article/ALeqM5gwVjLGTBSgX-WsCgOsgIYpNVWKmQD988U4GG0

Wells Fargo

Did Buffett Blunder on Wells Fargo?
http://www.fool.com/investing/dividends-income/2009/05/18/did-buffett-blunder-on-wells-fargo.aspx

Wells names wealth management execs
The haven't canned all of the Wachovia Employees
http://www.charlotteobserver.com/business/story/731681.html

Wells Fargo subsidiary boosts its DC plan operations
http://www.ifawebnews.com/articles/2009/05/18/news/life/doc4a0b0a1735b27021660760.txt

Peoples Bank

Peoples to sell 17 of 19 bank branches
http://news.cincinnati.com/article/20090518/BIZ01/305180038/Peoples+to+sell+17+of+19+bank+branches

Fifth Third Bancorp, U.S. Bancorp and PNC Financial Services Group

Big local banks boosted lending in March
http://news.cincinnati.com/article/20090518/BIZ01/905190322/1076/BIZ/Big+local+banks+have+boosted+lending