|June 17, 2014|
|15:14 EDT||STI||U.S. government, states reach $968M agreement with SunTrust |
The Justice Department, Department of Housing and Urban Development and the Consumer Financial Protection Bureau, along with 49 state attorneys general and the District of Columbia's attorney general have reached a $968M agreement with SunTrust Mortgage to address "mortgage origination, servicing, and foreclosure abuses." As part of the settlement, SunTrust has agreed to pay $418M to resolve its potential liability under the federal False Claims Act for originating and underwriting loans that violated its obligations as a participant in the Federal Housing Administration insurance program. The agreement resolves potential violations of civil law based on SunTrust deficient mortgage loan origination and servicing activities. The agreement does not prevent state and federal authorities from pursuing criminal enforcement actions related to this or other conduct by SunTrust.
News For STI From The Last 14 Days
|April 1, 2015|
|10:01 EDT||STI||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded at Evercore ISI... Altera (ALTR) downgraded to Hold from Buy at Argus... American Airlines (AAL) downgraded to Hold from Buy at Deutsche Bank... AxoGen (AXGN) downgraded to Neutral from Buy at Ladenburg... BB&T (BBT) downgraded to Neutral from Overweight at JPMorgan... CA Technologies (CA) downgraded to Equal Weight from Overweight at Barclays... Catamaran (CTRX) downgraded to Market Perform from Outperform at Leerink... Charter (CHTR) downgraded to Hold from Buy at Wunderlich... Delta Air Lines (DAL) downgraded to Hold from Buy at Deutsche Bank... Domtar (UFS) downgraded to Neutral from Buy at DA Davidson... Fifth Street Finance (FSC) downgraded to Neutral from Buy at UBS... Gold Fields (GFI) downgraded to Sell from Hold at Deutsche Bank... Medley Capital (MCC) downgraded to Neutral from Buy at UBS... Michael Kors (KORS) downgraded to Neutral from Overweight at Piper Jaffray... Norcraft (NCFT) downgraded to Equal Weight from Overweight at Stephens... Nucor (NUE) downgraded to Neutral from Buy at Nomura... ON Semiconductor (ONNN) downgraded to Sell from Neutral at Goldman... Pier 1 Imports (PIR) downgraded to Underweight from Equal Weight at Morgan Stanley... Pinnacle Financial (PNFP) downgraded to Hold from Buy at Sandler ONeill... Rolls-Royce (RYCEY) downgraded to Underperform from Market Perform at Bernstein... Sibanye Gold (SBGL) downgraded to Sell from Hold at Deutsche Bank... Steel Dynamics (STLD) downgraded to Neutral from Buy at Nomura... SunTrust (STI) downgraded to Hold from Buy at Sandler O'Neill... Telefonica Brasil (VIV) downgraded to Hold from Buy at HSBC... UTi Worldwide (UTIW) downgraded to Sector Perform from Outperform at RBC Capital... United Continental (UAL) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded at Sterne Agee.
|08:58 EDT||STI||SunTrust downgraded to Hold from Buy at Sandler O'Neill|
Sandler O'Neil downgraded SunTrust to Hold due to valuation and a drop in NIM. Price target is $43.
|March 20, 2015|
|08:03 EDT||STI||Zions Bancorp announces retirement of CFO Doyle Arnold|
Zions Bancorp (ZION) announced that Vice Chairman and CFO Doyle Arnold will retire in early May, subsequent to the filing of the company's first quarter financial results. He will be succeeded as CFO by Paul Burdiss, currently Corporate Treasurer at SunTrust (STI) Atlanta, Georgia.
|March 19, 2015|
|07:46 EDT||STI||SunTrust management to meet with Deutsche Bank|
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