Wednesday - Banking News

Wednesday

General

Soak the Bankers
Yeah, cause we're all RICH!
http://www.reuters.com/article/bigMoney/idUS405545195220090513

Wells Fargo

Why Governments Shouldn’t Run Banks
Excellent article about Hartmarx and Wells Fargo
http://executivesuite.blogs.nytimes.com/2009/05/13/why-governments-shouldnt-run-banks/?hp

Bank of America

BofA presses fired staff to give up right to sue
Screw them once, twice...
http://www.reuters.com/article/newsOne/idUSTRE54B4Y520090512

BB& T

BB&T to sell 75M shares at $20 each to raise $1.5B
http://www.forbes.com/feeds/ap/2009/05/13/ap6415215.html

BB&T announces full over-allotment option exercised in common stock offering

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/05-13-2009/0005025800&EDATE=

SunTrust

SunTrust on losing end of senior bankers’ migration patterns
http://www.nashvillecitypaper.com/content/city-business/suntrust-losing-end-senior-bankers%E2%80%99-migration-patterns

Wednesday Morning

General

Banks could lose more than stress tests show
Risks to BofA and other top lenders come from exotic bets on insurance-like derivative investments.
http://www.charlotteobserver.com/business/story/721020.html
Bankers & Brokers Have Learned Nothing From the Current Crisis
http://seekingalpha.com/article/137315-bankers-brokers-have-learned-nothing-from-the-current-crisis
The Stress Test Placebo
http://www.reuters.com/article/bigMoney/idUS90635185720090512
Senators Cut Deal On Credit Card Bill
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/11/AR2009051103192.html?wprss=rss_business
Implications of the Bank Stress Tests
http://www.huffingtonpost.com/douglas-j-elliott/implications-of-the-bank_b_202338.html
Bank Stress Test Allow Some Banks to Repay TARP
http://useconomy.about.com/b/2009/05/11/bank-stress-test-allow-some-banks-to-repay-tarp.htm
TREASURIES-Bonds ease on Bernanke stress-test relief
http://uk.reuters.com/article/marketsNewsUS/idUKN1230139720090512

Wells Fargo

Wells Fargo: Now a Buy
http://www.kiplinger.com/magazine/archives/2009/06/discovering_value.html
Wells Fargo is largest home lender in 1Q
http://blogs.desmoinesregister.com/dmr/index.php/2009/05/12/wells-fargo-is-largest-home-lender-in-1q/

Bank of America

BofA, other U.S. banks scramble for capital
http://www.reuters.com/article/newsOne/idUSN1150611520090512
Will Bank of America IPO Merrill Lynch?
http://www.businessinsider.com/will-bank-of-america-ipo-merrill-lynch-2009-5

SunTrust

BB&T, SunTrust to raise capital through public offering after ‘stress test’
This headline doesn't sound accurate...
http://www.charlestonbusiness.com/news/27628-bb-amp-t-suntrust-to-raise-capital-through-public-offering-after-lsquo-stress-test-rsquo
Bank Cards Reissued Due To Security Breach
http://www.wsmv.com/money/19441827/detail.html
3 to enter Richmond Business Hall of Fame
C.T. Hill
http://www.timesdispatch.com/rtd/business/local/article/BBBB13_20090512-213827/267324/

Regions

Executive Appointments
http://www.nashvillecitypaper.com/content/city-business/executive-appointments-117