Sovereign Bancorp News

The blank check company, which will be led by former Sovereign Bancorp Inc. Chairman and CEO Jay Sidhu previously filed for a $150 million IPO in March.

The central bank of Norway recently disclosed it owns 5 percent of Philadelphia-based Sovereign Bancorp Inc.

Banking stocks came under intense selling pressure Monday as investors and analysts worried that worsening housing and credit problems could claim more banks after the failure of IndyMac Bancorp Inc.

Sovereign Bancorp Inc. charged its own employee stock ownership plan 10 percent annual interest to help it load up on company stock, only to see the shares' value plummet in the past year, contributing to a ...

Robert Galea, the chief marketing officer at Sovereign Bancorp Inc. , has left the bank and returned to California after a short stint at the company.

Sovereign Bank Hires Vincent A. Ricciardi to Lead Retail Banking for Metro New York/New Jersey Division NEW YORK, June 27 -- Sovereign Bank announced today that it has hired Vincent A. Ricciardi as Senior ...

The banking industry is urging you to join it in going green. HSBC Holdings Inc.

SS&C Technologies, a provider of financial services software and software-enabled services, has announced that Sovereign has gone live on the TradeDesk.WEB module of SS&C's Lightning software suite.

The stock market and economy may be struggling, but at least 21 CEOs of companies in the Standard & Poor's 500 were paid more than double what they earned in 2006.

Boston Business Journal - by Tim McLaughlin Boston Business Journal Sovereign Bancorp Inc.

Federally regulated savings and loans set aside a record $7.6 billion to cover losses on problem loans in the first quarter as they felt the brunt of the housing market's downturn.

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Sovereign Bancorp said Tuesday that it has raised roughly $1.9 billion in previously announced equity and debt offerings.

Tables: Buyers Sellers AS SOVEREIGN BANCORP turned to the public market for capital, multiple insiders bought shares of their own.

“We're not taking this action from a position of stress, but rather from a position of strength”

Sovereign Bancorp yesterday outlined plans to raise more than $1.5 billion in two stock offerings to generate capital amid the credit squeeze that has wrought havoc in the mortgage and lending markets and ... via Boston Globe

Analysts' opinions on stocks in the news Monday S&P REITERATES STRONG BUY OPINION ON SHARES OF FEDEX : FDX cuts May-quarter EPS guidance to $1.45-$1.50 from $1.60-$1.80 due to fuel prices and the U.S. economy. via BusinessWeek

“While the details remain unknown, and the company has yet to execute, we think the risk-reward relationship in the shares appears more balanced at current levels”

A report that Sovereign Bancorp Inc. will raise up to $2 billion to offset losses on troubled loans led an analyst to boost his rating, but cut estimates on Friday. via International Business Times

Sovereign Bancorp, the nation's third-largest savings and loan, said its two biggest shareholders are planning to boost their investment in the company as it seeks to raise $1.5 billion to hedge against an ... via InYork

“Raising capital at these depressed levels tells me it was done due to necessity.”

Sovereign Bancorp Inc., the second-biggest U.S. savings and loan, plans to raise about $1.5 billion in capital as the company tries to rebound from losses in 2007. via Worcester Telegram & Gazette

Sovereign Bancorp Inc. said Monday it will make a public offering of $1 billion worth of its common stock, and use the proceeds for general corporate purposes. via CNN Money