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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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December 15, 2014
16:14 EDTSTISunTrust initiated with a Neutral at Guggenheim
December 9, 2014
11:40 EDTSTISunTrust CEO says overcoming low interest rates with growth
Comment made on CNBC interview.
December 8, 2014
11:48 EDTSTISunTrust downgraded to Hold from Buy at Standpoint Research

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