Wednesday Morning News - STI jump, BoA needs more $?, Wells Hiring

General Banking News

"Runaway Millionaires" Leo Gao & Cara Young still on the loose

Former GMAC Bank under attack
http://money.cnn.com/2009/06/03/news/ally.enemy.fortune/?postversion=2009060304

Treasury Secretary's Secret Talking Points Reveal That Banks Were Forced to Surrender Ownership Stakes to Government
http://www.cnsnews.com/public/content/article.aspx?RsrcID=49004

Banks Eager To Repay TARP Find New Capital Hurdles
Concise article
http://money.cnn.com/news/newsfeeds/articles/djf500/200906021557DOWJONESDJONLINE000567_FORTUNE5.htm

Leaving So Soon?
http://dealbook.blogs.nytimes.com/2009/06/02/leaving-so-soon/?ref=business

JPMorgan Leads U.S. Banks Selling $8.7 Billion of Common Stock
http://www.bloomberg.com/apps/news?pid=20601103&sid=aN8GiTzvWJA8&refer=us

B of A, JPMorgan, others raise $19 billion
http://www.reuters.com/article/gc06/idUSTRE5514IG20090602

Fed Said to Raise Requirements for Banks to Repay TARP Funds
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajQ3cx_jGULI

SunTrust

SunTrust shares jump on analyst upgrade
http://www.forbes.com/feeds/ap/2009/06/02/ap6494763.html

Bank of America

Bank of America Will ‘Comfortably’ Beat Capital Goal
http://www.bloomberg.com/apps/news?pid=20601087&sid=aGdQ.Qcs4w8A&refer=home

BofA, Citi risk getting left behind by healthy rivals
http://www.reuters.com/article/americasDealsNews/idUSTRE55204720090603

Wells Fargo

Former Wells Fargo workers allege race-based scheme in suit
http://www.baltimoresun.com/business/bal-wells-fargo-0602,0,4321854.story

Shift by Hartmarx Reopens Bidding
http://www.nytimes.com/2009/06/02/business/02hartmarx.html

Wells Fargo to create 200 jobs in San Antonio
http://www.bizjournals.com/sanantonio/stories/2009/06/01/daily17.html

Citigroup

Citi reportedly halts some severance payments
http://www.marketwatch.com/story/citi-reportedly-halts-some-severance-payments

KeyCorp

KeyCorp raises $1 billion in new capital
http://www.google.com/hostednews/ap/article/ALeqM5g_EKH7cQdeBXhJrvw8Jnqrsuu1CgD98IKMVO0