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... Fraud Examiners (ACFE) has organized National Fraud Awareness Week from November 11-17. As a supporter of Fraud Awareness Week, SunTrust Banks has partnered with the National Small Business Association (NSBA) in the "Foil Fraud" survey to understand the pain point ... business-resulting in tens of thousands of dollars in losses. Of the 82 percent of small business owners stating they wanted banks to offer more help in fighting against fraud, 46 percent were either unsure or reported that their bank ...

In a recent SEC filing, SunTrust Banks announced that it was in talks with regulators in an effort to settle regulatory investigations regarding the firm's auction-rate securities activities. Regulators have been investigating SunTrust ... let the auctions fail leaving thousands of customers "holding the bag." It is anticipated that a settlement with the regulators would require SunTrust to repurchase approximately $500 million of auction-rate securities sold to clients. Any settlement is expected ...

... then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into an agreement with SunTrust Bank, Atlanta, Georgia, to act as paying agent for the insured deposits of Omni National Bank. As the FDIC's ... . The Office of the Comptroller of the Currency (OCC) on Friday made the announcement, saying the $980 million-asset bank had "experienced substantial dissipation of assets and earnings" because of "unsafe and unsound" practices. OCC also ...

... apparently involves an extra step or steps, which end up making it easier and faster for the bank to sue itself. That may be -- I don't pretend to understand this area of law -- but generally it is ... , "[t]his is just folks cranking out paperwork without conscious thought." McKillop said that he is aware of four or five other cases of this kind, including one in which SunTrust Bank is currently suing SunTrust Bank, so the tactic may be common at the moment. Nor is it the first example of people ...

The weather in Atlanta has reached the mid-90s in recent days, but that doesn't compare to the heat that SunTrust Banks is feeling. The Atlanta-based bank's stock has fallen nearly every day for weeks, and now Richard X. Bove, the ubiquitous bank analyst at Ladenburg Thalmann, has declared the firm "now worth more dead than [...]

... declared for such dividend period), and shall be subject to the approval of the appropriate Federal Banking Agency. Following the redemption in whole of the Designated Preferred Stock held by the Treasury, the financial ... w/Warrants $1,576,000,000 at Par 11/14/2008, SunTrust Banks, Inc., Atlanta GA: Purchase Preferred Stock w/Warrants $3 ... MN: Purchase Preferred Stock w/Warrants $361,172,000 at Par. The banks appear to be gaming the system. And why not! This is free money--in the sense that the sort ...

... bank closed in the last seven months. Unlike the previous closings, the FDIC did not find a buyer for the Bank. More information is available at the FDIC website. From the Atlanta Business Chronicle: Stockbridge-based FirstCity Bank, which survived two ... in Georgia since the banking collapse...Direct deposits from the federal government, such as Social Security payments, will be transferred to SunTrust Banks Inc, the FDIC said. Depositors should call (877) 367-2719 for additional information.

... stolen over 2.1 million dollars from at least ten financial institutions such as SunTrust Bank of Atlanta and M & T Trust in Buffalo. He and other ... trafficker lost the $6.3 million he had hidden in a Cayman Island bank account. As set forth in "A Tax Fraud & Identity Theft From Miami", that trafficker's ... thief had accomplished this transfer by impersonating the trafficker in two letters to the Cayman Island bank. The trafficker however, soon learned that he had lost his millions because of ...

The Atlanta-Journal Constitution newspaper reports that "[a] nonprofit organization[, The Hudgens Foundation,] founded by the late . . . developer Scott Hudgens is suing SunTrust Bank, claiming the Atlanta bank failed to properly disclose the risks when it invested $8...

... sound as if they were doing Treasury, and by extension, the American public, a favor by taking the money. Take this one from SunTrust (STI), which announced yesterday morning that it had received preliminary approval to sell $3.5 billion in preferred ... the Treasury Department's efforts and remain strongly committed to supporting the economy in Upstate New York." How patriotic of these banks! How selfless! It almost makes you want to burst into the Star Spangled Banner or go out and buy Liberty ...