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Stock Market & Financial Investment News

News Breaks
July 3, 2014
13:35 EDTSTISunTrust announces agreement to resolve HAMP mortgage claims
SunTrust Banks announced that the United States Attorney's Office for the Western District of Virginia and SunTrust Mortgage have reached an agreement resolving claims related to the company's administration of the federal Home Affordable Modification Program, or HAMP. Under the agreement, SunTrust Mortgage is committed to provide $179M in consumer remediation, up to a maximum of $274M, $20M to fund housing counseling for homeowners, $10M paid toward restitution to the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, and a cash payment of $16M to the U.S. Treasury. The company will incur a $204M pre-tax charge in Q2 as a result of this agreement.
News For STI From The Last 14 Days
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August 27, 2015
10:00 EDTSTIOn The Fly: Analyst Upgrade Summary
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06:23 EDTSTISunTrust upgraded to Buy from Hold at Evercore ISI
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August 25, 2015
06:12 EDTSTISunTrust upgraded to Neutral from Underperform at Baird
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August 20, 2015
10:00 EDTSTIOn The Fly: Analyst Initiation Summary
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August 19, 2015
17:11 EDTSTISunTrust initiated with a Neutral at Sterne Agee CRT
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