Friday News - Credit Cards, Huntington, Bank Errors

Credit Card Legislation
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Obama signs new rules for credit cards into law
http://www.examiner.com/a-2030250~Obama_signs_new_rules_for_credit_cards_into_law.html

A Good Credit Card Bill . . .
. . . That isn't really needed
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/20/AR2009052003152.html

American Express, Discover May Face Downgrades on New Card Law
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEUbPwmErR24&refer=home

General Topics

OOPS
http://www.voanews.com/english/2009-05-21-voa49.cfm

Bank Stock Appetite? Feeling Full
http://blogs.wsj.com/marketbeat/2009/05/21/bank-stock-appetite-feeling-full/

Regulators seize Florida's BankUnited FSB
http://finance.yahoo.com/news/Regulators-seize-Floridas-apf-15323245.html?sec=topStories&pos=1&asset=&ccode=

BankUnited Sale May Signal Shift by FDIC in Bank Buyout Rules
http://www.bloomberg.com/apps/news?pid=20601103&sid=azOHOtxuEFJY&refer=us

BankUnited sees Miami expansion, no layoffs
http://www.reuters.com/article/innovationNews/idUSTRE54K6LF20090522

Goldman Blesses Big Banks, Hits Regionals
http://www.thestreet.com/story/10504232/1/goldman-blesses-big-banks-hits-regionals.html?cm_ven=GOOGLEN

Banks Raised Billions, Geithner Says
http://www.nytimes.com/2009/05/21/business/economy/21geithner.html?hp

RPT-Banks expect fee bonanza from stock sales spree
http://www.reuters.com/article/newIssuesNews/idUSN2137404620090521

FINRA settles ARS complaints with four firms
http://securitiesarbitration.blogspot.com/2009/05/finra-settles-ars-complaint-with-four.html

Regions

Analysts: Regions could be merger target
http://www.bizjournals.com/jacksonville/stories/2009/05/18/daily37.html

US Bankcorp / "Wachovia"

U.S. Bancorp Opens Charlotte Office, Hires Ex-Wachovia Bankers
http://www.istockanalyst.com/article/viewiStockNews/articleid/3240424

Bank of America

Bank of America promotes Stoltz to Triangle market president
http://www.bizjournals.com/triangle/stories/2009/05/18/daily56.html

Huntington Bancshares

New Mark-To-Market Accounting Rules Boost Banks' Equity
http://money.cnn.com/news/newsfeeds/articles/djf500/200905211618DOWJONESDJONLINE000812_FORTUNE5.htm

Huntington to Raise Capital
http://www.morningstar.ca/globalhome/industry/news.asp?articleid=292685

SunTrust

Initiating SunTrust Banks at Neutral - Credit Suisse comments
http://www.rttnews.com/ArticleView.aspx?Id=957293

Coconut Grove Bank Names Former SunTrust Exec Robert Coords as President and Chief Executive Officer
http://www.earthtimes.org/articles/show/coconut-grove-bank-names-former,834283.shtml

Wells Fargo

Wells Fargo CEO on the hot seat
Interview with John Stumpf
http://www.startribune.com/business/45799642.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aULPQL7PQLanchO7DiUss

Wells Fargo Is Asked to Sell, Not Liquidate Hartmarx
http://www.bloomberg.com/apps/news?pid=20601103&sid=ay16lNb4qGhY&refer=us

Hartmarx Officially Names Emerisque As "Stalking Horse" Bidder

Couple Says Schwab & Wells Fargo Aided Scam
"It's not my fault" - wahh
http://www.courthousenews.com/2009/05/21/Couple_Says_Schwab_&_Wells_Fargo_Aided_Scam.htm

Foreclosures: New Waves Will Hit
http://www.istockanalyst.com/article/viewarticle/articleid/3238415

Citi

Citigroup steps up tech cuts to save billions
http://www.ft.com/cms/s/0/50ed703a-4669-11de-803f-00144feabdc0.html

BB&T

Initiating BB&T at Underperform - Credit Suisse comments
http://www.rttnews.com/ArticleView.aspx?Id=957339