Suntrust Banks News

BAC , FITB , STI BAC , FITB , STI David Tepper Hoarded Cash in 2008 David Tepper is a successful hedge fund manager and the founder of Appaloosa Management.

Joining a nationwide trend, a majority of Atlanta's 12 largest publicly traded companies are freezing traditional pension plans for tens of thousands of employees, replacing them with 401 s or switching to other retirement plans that are generally cheaper.

As metro Atlanta's bank failures begin to stack up, one early group of losers is beginning to emerge: banks in the city's suburbs, particularly young ones.

Rita A. Bennett, one of the first women to rise to the top executive ranks of Nashville banking, died Wednesday at her home in Old Hickory after a long illness.

ABC Supply Co. Inc. recently promoted Steve Barnhart, manager of its Murfreesboro store, to managing partner.

Familiarity breeds contempt, or so the old saying goes. But in investing, it often breeds something else: a false sense of security that can devastate your returns.

William R. Reed Jr., vice chairman of Atlanta-based SunTrust Banks Inc., will retire at the end of August to work as a consultant for the bank with a focus on Memphis.

Commercial property values are in free-fall. Real estate's lost decade endures. There's another bomb hidden in the real estate market, but unlike subprime mortgages, this one will take a decade to explode.

Washingtona s Metro transit system , said it will use any new federal and state funding to maintain and upgrade equipment after the deadliest crash in its history, rather than to pay so-called lease-back deals.

SunTrust Banks announced last week that William Reed Jr., the company's vice chairman, plans to retire effective August 31.

SunTrust Banks Inc. has made promotions in its Wealth & Investment Management unit.

Fitch Ratings on Tuesday affirmed the long-term issuer default ratings of SunTrust Banks Inc.

Budget scrutiny and reining in expenses is in vogue for both consumers and businesses.

For Debbie Michala, getting laid off from SunTrust Banks Inc. was a blessing in disguise.

As Georgia banks look to raise millions in additional capital to survive the current financial downturn, they are running into unexpected resistance: their own shareholders.

Magellan Midstream Partners, L.P. announced today that it has priced a $300 million public offering of its 10-year senior notes at 6.55%. The net proceeds from this offering of approximately $296.5 million, after payment of underwriting discounts and estimated offering expenses, will be used to repay all of the borrowings outstanding under its ...

SunTrust says vice chairman William Reed will retire at the end of August and become a consultant for the company.

LandAmerica Financial Group Inc. is readying to battle some banking giants over investment advice the title insurer now claims led to its undoing.

SunTrust Banks, Inc., and Delta Air Lines today announced consumers and businesses will soon be able to earn Delta miles on all signature-based purchases made with a new SunTrust SkyMiles Check Card, launching June 22.

A Wachovia Corp. veteran who previously led community banking operations at the Charlotte-based bank has left the combined Wells Fargo & Co.