Friday, June 5, 2009

Friday News - Things not to say; Mozilo Charged; Change at BoA

General Banking News

Things not to say
Bank customer says he's 'on a mission to kill the president'; fed charges filed

http://www.sltrib.com/ci_12520998?source=most_viewed

More stupid people (no shortage here)
Man jailed for sending powder-laced letters to banks
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0423831120090604

Good Article
U.S. Banks Rely on Conversions for 22% of Stress-Test Capital
http://www.bloomberg.com/apps/news?pid=20601103&sid=aYZnjey0Lue8&refer=news

Rebuilding the House of Cards
http://www.insidefutures.com/article/104211/Rebuilding%20the%20House%20of%20Cards.html

Banks borrow more from Fed; investment cos. none
http://www.google.com/hostednews/ap/article/ALeqM5hjQ8J74ua3ph6ibMC6NyqYwHcnTAD98K3CKG0

Shifting the Focus to What Comes Next
http://www.americanbanker.com/article.html?id=20090603LDY8CCE6&specialreportid=2009060329O1GZ9G

Bank Profits From Accounting Rules Masking Looming Loan Losses
Wells Fargo highlighted

http://www.bloomberg.com/apps/news?pid=20601109&sid=alC3LxSjomZ8

U.S. Job Losses Slow, Signaling Recession Is Abating
http://www.bloomberg.com/apps/news?pid=20601103&sid=axhy8nEZHIXY&refer=news

Bank of America

Bank of America Elects 4 New Directors
http://dealbook.blogs.nytimes.com/2009/06/05/bank-of-america-names-4-new-directors/?hp

Bank of America Ousts Head of Risk Oversight
http://www.nytimes.com/2009/06/05/business/05risk.html?ref=global

Bank of America Names Greg Curl Chief Risk Officer
http://www.bloomberg.com/apps/news?pid=20601103&sid=aaognA7BpKHE&refer=news

Another one gone
Bank of America director Robert Tillman resigns
http://www.businessweek.com/ap/financialnews/D98K43900.htm

BofA CEO may testify to Congress over Merrill
http://www.reuters.com/article/bondsNews/idUSN0527459020090605

Bank of America’s Merrill Adds $5 Billion to Deposits in Month
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7gLCwXtE7nU

Big surprise here
Countrywide’s Mozilo, Two Ex-Executives Accused by SEC of Fraud
http://www.bloomberg.com/apps/news?pid=20601103&sid=al4QWAr2aHCs&refer=news

One more question for John Finger to ask Ken Lewis
http://dealbreaker.com/2009/06/one-more-question-for-jon-fing.php

Frontline show will focus on Bank of America
http://www.boston.com/business/ticker/2009/06/frontline_show_1.html

BofA inner circle shrinks
http://www.ft.com/cms/s/0/49681114-51f7-11de-b986-00144feabdc0.html

SunTrust

SunTrust sells Walmart branches
Orlando-based Urban Trust Bank adds more Walmart branches
http://www.bloomberg.com/apps/news?pid=20601103&sid=al4QWAr2aHCs&refer=news

Wells Fargo

Is Wells Fargo Looking to Purchase AIG-UGI?
http://seekingalpha.com/article/141459-is-wells-fargo-looking-to-purchase-aig-ugi

Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree
http://www.bizjournals.com/sanfrancisco/stories/2009/06/01/daily59.html

Schwarzenegger declares 'day of reckoning'; Wells Fargo CEO says California in 'financial ruin'
http://www.howestreet.com/articles/index.php?article_id=9707

BB&T

BB&T breaks ground
http://www.register-herald.com/local/local_story_152221603.html

Regions

Regions Bank escalates foreclosure activity
http://www.bizjournals.com/birmingham/stories/2009/06/01/daily35.html

Regions Financial Corp.'s Morgan Keegan Loses Yet Another Arbitration Case
http://www.globenewswire.com/newsroom/news.html?d=166682

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