Tuesday News - SunTrust Offering, BoA Wins, JP Morgan

General Banking News

Newest Ruse: Banks Capitalizing on "Toxic Assets"
http://www.moneymorning.com/2009/06/02/banks-toxic-assets/

Fed Says Banks Must Raise Equity Before Repaying TARP
http://www.bloomberg.com/apps/news?pid=20601103&sid=abgtwRAEfeLY&refer=us

Banks pay in-house advisers big fees
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/17/BU2217KRBT.DTL

Bankers oppose creation of lone U.S. regulator
http://news.cincinnati.com/article/20090531/BIZ/905310325/1076

JPMorgan, Amex to sell stock to get out of TARP
http://www.reuters.com/article/ousiv/idUSN0146572120090601

SunTrust Bank

SunTrust plans stock offering to meet feds’ mandate
http://www.ajc.com/services/content/business/stories/2009/06/01/suntrust_stock_offering.html

SunTrust Banks, Inc. Announces Pricing of $1.4 Billion Common Stock Offering
http://money.cnn.com/news/newsfeeds/articles/prnewswire/200906011855PR_NEWS_USPR_____CL25922.htm

Bank of America

Bank of America Wins Ruling on $1.6 Billion Verdict
http://www.bloomberg.com/apps/news?pid=20601103&sid=aHiq6ARK65EE&refer=us

Bank of America Names McMahon to Investment Bank Post
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCB.7KofCnds&refer=home

BofA Adds Strategists after Lead Director’s Departure
http://www.housingwire.com/2009/06/01/bofa-adds-strategists-after-lead-directors-departure/

Citigroup Booted Out Of DOW, Bank Of America May Be Next
http://www.businessinsider.com/henry-blodget-citigroup-booted-out-of-dow-bank-of-america-may-be-next-2009-6

Wells Fargo

Wells Fargo launches Wachovia ad campaign
http://www.bizjournals.com/atlanta/stories/2009/06/01/daily14.html

Citigroup

Travelers Cos, In Ironic Twist, Takes Citi's Place In Dow
http://money.cnn.com/news/newsfeeds/articles/djf500/200906011426DOWJONESDJONLINE000502_FORTUNE5.htm

BB & T

Banks Ready To Throw In The TARP
http://www.forbes.com/2009/06/01/banking-tarp-fed-business-beltway-tarp.html

Judge refuses to close BB&T whistleblower case
http://www.rockymounttelegram.com/news/state/judge-refuses-to-close-bbt-whistleblower-case-638222.html

BB&T introduces unified managed account program for wealthy clients
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/06-01-2009/0005035731&EDATE=

J.P. Morgan

JPMorgan Chase seeks to raise $5 billion in bid to repay government's TARP program
http://www.startribune.com/business/46655887.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUU

Fresh from bailout, JPMorgan among banks looking to buy rivals
http://www.app.com/article/20090601/BUSINESS/90601051/1003/Fresh+from+bailout++JPMorgan+among+banks+looking+to+buy+rivals

US Bancorp and TCF Financial

CEO's Rank 22nd and 18th in Minnesota CEO Compensation
http://ww2.startribune.com/projects/exec_comp/topCeoView.html