BBT

A year after the Federal Reserve enacted new rules to rein in abusive bank overdraft practices, fees remain high and some institutions actually have slapped on additional penalties, according to a new survey by the Consumer Federation of America.

Moody's is reviewing 10 large regional banks for possible downgrades because it thinks financial reform means total government support is now less likely. That's setting off a debate about whether those banks will actually take a hit to profitability.

U.S. Bancorp reported fourth quarter profits 82% better than last year powered by record revenue growth of $4.4 billion. During the earnings call executives were upbeat about its ability to generate strength from the bank's loan portfolio during the economic downturn.

The $700 billion Troubled Asset Relief Program (TARP), which former Treasury Secretary Hank Paulson set up in October 2008 to buy financial toxic waste, has made the U.S. a $4 billion profit on $240 billion that it invested in hundreds of banks. Never mind that TARP has not purchased any toxic...

As the S&P 500 ($INX) flirts with highs last seen in October 2008, the credit markets have been on edge, and the perceived risk of default is risen to its highest levels in a month -- a time when the S&P was 50 points lower. Since reaching a low point the first week of August, the cost of...

After taking over most of Colonial Bank (CNB) on Friday, BB&T Corp. (BBT) said Monday it has commenced a public offering of $750 million of common stock, saying the proceeds, which will qualify as tangible common equity and Tier 1 regulatory capital, will be used for general corporate...

When the economy was booming and banks were flourishing, regulators appear to have been asleep at the switch. Unfortunately for U.S. taxpayers, that means that the losses to the FDIC insurance fund are greater. Now, a few years later, with the fund rapidly running out of money, the percentage of...

It's official: BB&T Corp. (BBT) is taking over Colonial Bank, the foundering Montgomery, Ala.-based lender that's been on the brink of collapse for weeks. Regulators shut down Colonial this evening. With $25 billion in assets and nearly 350 branches in Alabama, Florida, Georgia and Texas, it's...

Signs that regional giant Colonial Bank was in dire straits have abounded for weeks. Today, regulators reportedly decided to step in after reaching an agreement to sell the Montgomery, Alabama–based bank's $20 billion in deposits and more than 350 branches to BB&T Corp. (BBT). This would...

Why do banks exist? This keeps coming to mind as the horizon marking the beginning of the end of the financial crisis gets pushed further and further away. We need a safe place to park our cash, and the price we pay for that is razor thin deposit interest rates and multi-million dollar bonus...