Tuesday, June 9, 2009

Tuesday / Wednesdays News - Broke Banks, TARP Paybacks

General Banking News

Certain Banks Are Still Broke

http://seekingalpha.com/article/142373-certain-banks-are-still-broke


Ten banks allowed to pay back TARP
http://money.cnn.com/2009/06/09/news/companies/banks_tarp/?postversion=2009060916

US Bancorp

U.S. Bank can repay $6.6B in TARP funds
http://www.bizjournals.com/dayton/stories/2009/06/08/daily40.html

BB&T

BB&T gets OK to repay TARP money
http://www2.journalnow.com/content/2009/jun/09/bbt-gets-ok-repay-tarp-money/

Bank of America

Lawmakers Order Fed to Relinquish Merrill Documents
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/09/AR2009060903408.html


Bank of America paying Mozilo's legal fees
http://www.reuters.com/article/ousiv/idUSTRE5585EU20090609

Bank of America’s Chief Says Fed Pushed for Merrill Purchase
http://www.bloomberg.com/apps/news?pid=20601103&sid=aHDSy97GG8ok

Wells Fargo

Wells Fargo: haven't yet applied to repay TARP cash
http://www.reuters.com/article/pressReleasesMolt/idUSTRE5586JE20090609

Woman sues Wells Fargo claiming retaliatory firing
http://www.greatfallstribune.com/article/20090609/NEWS01/90609003/Woman+sues+Wells+Fargo+claiming+retaliatory+firing
It will take Wells Fargo longer to repay TARP
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/09/BUG11834EG.DTL

SunTrust

SunTrust Inches Closer To Tier 1 Common Capital Target
http://assetmanagement.banking-business-review.com/news/suntrust_inches_closer_to_tier_1_common_capital_target_100609

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