Monday Evening News - TARP Plus

General Banking News

Excellent AP breakdown
Stress-tested banks raise $75.2 billion in capital
http://www.google.com/hostednews/ap/article/ALeqM5g5fQjVDctN1UmKVLKfcOeBKqUjhQD98MNJC00

Rolling up TARP: Will it be strong banks vs. weak?
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/08/AR2009060803280.html

Fed signs off on big banks' capital raising plans
http://www.marketwatch.com/story/fed-signs-off-on-big-banks-capital-raising-plans

Fed Accepts Plans From 10 Banks Needing More Capital
http://www.bloomberg.com/apps/news?pid=20601103&sid=aY5EIkZ_cupI&refer=us

SunTrust

SunTrust Offer Gives Lender 96% of Stress-Test Goal
http://www.bloomberg.com/apps/news?pid=20601103&sid=a0c8.sL2OtOg&refer=news

Bank of America

Bank of America Says Ward, Mitchell Resign From Board
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5H65wjZQnKk

Shareholder Activists Reshape Bank of America
http://seekingalpha.com/article/141848-shareholder-activists-reshape-bank-of-america

Wells Fargo

For Shame!
Wells Fargo's Evergreen paying $40M in SEC accord
http://www.google.com/hostednews/ap/article/ALeqM5jlPDRhGe2X3RkNwbEYmN_lsCsxgAD98MJS202

Holding On to Wells Fargo, Watching How Banks Play Out
http://seekingalpha.com/article/141926-holding-on-to-wells-fargo-watching-how-banks-play-out

Litigation says Wells targeted blacks for subprime loans: report
http://www.bizjournals.com/sanfrancisco/stories/2009/06/08/daily11.html

Charlotte loses clout at Wells
As the organizational chart of the merged bank takes shape, fewer top executives will be based here.
http://www.charlotteobserver.com/business/story/768813.html

First Data and Wells Fargo Expand Relationship
http://finance.sfgate.com/hearst/?Account=sfgate&GUID=9070993&Page=MediaViewer&Ticker=%24CHRON200