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	<title>Stock Blog Hub &#187; Bb&amp;t Corporation</title>
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		<title>($JPM) Will the Federal Deposit Insurance Corporation Borrow From Banks?</title>
		<link>http://www.stockbloghub.com/2009/09/23/jpm-will-the-federal-deposit-insurance-corporation-borrow-from-banks/15894</link>
		<comments>http://www.stockbloghub.com/2009/09/23/jpm-will-the-federal-deposit-insurance-corporation-borrow-from-banks/15894#comments</comments>
		<pubDate>Wed, 23 Sep 2009 19:13:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
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		<category><![CDATA[Us Bancorp]]></category>
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		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15894</guid>
		<description><![CDATA[About a year ago, during the height of the crisis, the government started bailing out the banks to help revive deteriorating credit and lending markets, but the situation is going to be reversed as the regulators are considering asking healthy banks to bail out the government soon, in order to replenish the declining fund of the Federal Deposit Insurance Corporation (FDIC) that insures regular deposit accounts when banks fail. The tally of failed federally insured banks has reached 94 so far this year, causing a rapid decline in the FDIC’s deposit insurance fund as it has been appointed receiver for these banks. Despite imposing a special assessment charge on banks a few months ago, the FDIC’s cash balance now stands at a third of its size at the start of ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SunTrust Banks To Repay TARP Loan</title>
		<link>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425</link>
		<comments>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425#comments</comments>
		<pubDate>Thu, 17 Sep 2009 17:56:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15425</guid>
		<description><![CDATA[The Chief Executive Officer [CEO] of SunTrust Banks Inc. (STI) said on Tuesday that the bank will repay the fund it received for its participation in the Troubled Asset Relief Program (TARP) as soon as it gets the regulator’s permission. The CEO also added that the credit condition of the bank is achieving stability. SunTrust has received $4.9 billion as part of the government&#8217;s $700 billion bailout program. The bank now sees the bailout money as expensive debt rather than equity as it pays an 8% dividend on the preferred shares it sold to the U.S. government. Government regulators will probably want to see the credit condition of the bank before permitting it to repay the bailout money as the stress test projected that SunTrust&#8217;s loan losses could reach $11.8 ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America to De-TARP in Installments</title>
		<link>http://www.stockbloghub.com/2009/09/16/bac-bank-of-america-to-de-tarp-in-installments/15306</link>
		<comments>http://www.stockbloghub.com/2009/09/16/bac-bank-of-america-to-de-tarp-in-installments/15306#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:20:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Co]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15306</guid>
		<description><![CDATA[The Chief Financial Officer (CFO) of Bank of America Corporation (BAC) said Tuesday that the bank is expected to repay the bailout money it has received from the government in relation to its participation in the Troubled Asset Relief Program (TARP) in installments. The government is also pushing the bank to pay at least $500 million to conclude a tentative pact in which the government agreed to share losses on certain BofA assets. The installment payments would enable BofA to gradually reduce government involvement in its affairs. However, unlike the other banks, BofA does not intend to repay its entire $45 billion support from the TARP in lump sum, as it has faced mounting loan losses as more customers default. But it may start with the repayment of $20 billion, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/bac-bank-of-america-to-de-tarp-in-installments/15306/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MBFI) Corus Bankshares Fails &#8211; 92 Total This Year</title>
		<link>http://www.stockbloghub.com/2009/09/14/mbfi-corus-bankshares-fails-92-total-this-year/15091</link>
		<comments>http://www.stockbloghub.com/2009/09/14/mbfi-corus-bankshares-fails-92-total-this-year/15091#comments</comments>
		<pubDate>Mon, 14 Sep 2009 17:37:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Mb Financial Inc]]></category>
		<category><![CDATA[MBFI]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corp.]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15091</guid>
		<description><![CDATA[Regulators shut down 3 more banks including Corus; total failed banks in &#8217;09 reach 92 Three more banks including Corus Bank NA, a subsidiary of Corus Bankshares (CORS), were shuttered by the U.S. regulators on Friday as the recession continues to take its toll on banks. This takes the total number of failed federally insured banks in this year to 92, compared to 25 in 2008 and 3 in 2007. Based in Chicago, the Corus Bank was a major lender to condominium, office and hotel projects. Corus is one of the largest banks to fail this year, with about $7 billion in total assets, $7 billion in deposits and 11 branches. Two other small banks were Lacey, WA-based Venture Bank, with $970 million in assets and $903 million in deposits ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/14/mbfi-corus-bankshares-fails-92-total-this-year/15091/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Economy Out of the Woods?</title>
		<link>http://www.stockbloghub.com/2009/09/11/jpm-economy-out-of-the-woods/14959</link>
		<comments>http://www.stockbloghub.com/2009/09/11/jpm-economy-out-of-the-woods/14959#comments</comments>
		<pubDate>Fri, 11 Sep 2009 22:00:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corp.]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14959</guid>
		<description><![CDATA[After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP), a lot has improved with respect to the economic crisis. Though the economy is in far better shape now than a year ago, there are persistent problems which need to be addressed by the government before shifting the strategy to growth. We believe that the U.S. economy will regain the growth momentum once these issues are resolved. On Thursday, U.S. Treasury Secretary Timothy Geithner said that the government won&#8217;t provide additional funds to stabilize the financial markets and the government’s economic team has removed a $750 billion line item from the federal budget projections, since it is unlikely to be necessary. The TARP panel members, however, are not happy as most of the taxpayer-provided money was ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GSBC) Five More Banks Fail</title>
		<link>http://www.stockbloghub.com/2009/09/08/gsbc-five-more-banks-fail/14573</link>
		<comments>http://www.stockbloghub.com/2009/09/08/gsbc-five-more-banks-fail/14573#comments</comments>
		<pubDate>Wed, 09 Sep 2009 00:14:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Southwest Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[Great Southern Bancorp Inc.]]></category>
		<category><![CDATA[GSBC]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Mb Financial Inc]]></category>
		<category><![CDATA[MBFI]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14573</guid>
		<description><![CDATA[Three more banks and two thrifts in U.S. fail, tally reaches 89 this year The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered five more institutions in Missouri, Illinois, Iowa and Arizona. This takes the total number of failed federally insured banks this year to 89, compared to 25 in 2008 and 3 in 2007. Among the failed institutions two were in Illinois – Oak Forest-based InBank, with $212 million in assets and $199 million in deposits, and Rolling Meadows-based Platinum Community Bank, with $346 million in assets and $305 million in deposits. The other three were Kansas City, MO-based First Bank of Kansas City, with $16 million in assets and $15 million in deposits; Sioux City, IA-based Vantus Bank with $458 million in assets ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Retains Top Rank by Total Assets</title>
		<link>http://www.stockbloghub.com/2009/09/03/bac-bank-of-america-retains-top-rank-by-total-assets/14330</link>
		<comments>http://www.stockbloghub.com/2009/09/03/bac-bank-of-america-retains-top-rank-by-total-assets/14330#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:11:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14330</guid>
		<description><![CDATA[Based on a ranking analysis released on Wednesday by Virginia-based research firm SNL Financial, Bank of America Corporation (BAC) still remains the highest ranked banking institution in U.S. by second-quarter total assets. The analysis was based on the filings of Federal Deposit Insurance Corporation (FDIC). According to the filing, as of June 30, 2009, Bank of America has total assets of $2.3 trillion and total deposits of $971 billion. Earlier this week, Bank of America offered to repay a part of the $45 billion it had received from the U.S. government in relation to its participation in the Troubled Asset Relief Program (TARP). Also, the repayment offer was aimed to end a loss-sharing deal with the government related to its acquisition of Merrill Lynch &#38; Co. The completion of the ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(WFC) Wells Fargo Looks for TARP Exit</title>
		<link>http://www.stockbloghub.com/2009/09/02/wfc-wells-fargo-looks-for-tarp-exit/14168</link>
		<comments>http://www.stockbloghub.com/2009/09/02/wfc-wells-fargo-looks-for-tarp-exit/14168#comments</comments>
		<pubDate>Wed, 02 Sep 2009 20:03:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14168</guid>
		<description><![CDATA[On Tuesday, Wells Fargo &#38; Company (WFC) announced its plans to repay government bailout money in the near future without raising fresh capital, in order to protect shareholders’ interest. Wells Fargo remains confident that it will be able to generate the capital internally through better earnings performance in the upcoming quarters. Hence, it does not intend to raise new equity capital and dilute the current shareholders’ interest to exit the Troubled Asset Relief Program (TARP). Wells Fargo did not mention the time period for exiting TARP, but mentioned that it will work closely with regulators to determine the appropriate time to repay the funds while maintaining strong capital levels. In October 2008, the U.S. government injected more than $100 billion in the nation&#8217;s 9 largest banks through TARP, with Wells ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/02/wfc-wells-fargo-looks-for-tarp-exit/14168/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($BAC) Bank of America Plans to Repay Part of its TARP Loan</title>
		<link>http://www.stockbloghub.com/2009/09/01/bac-bank-of-america-plans-to-repay-part-of-its-tarp-loan/14033</link>
		<comments>http://www.stockbloghub.com/2009/09/01/bac-bank-of-america-plans-to-repay-part-of-its-tarp-loan/14033#comments</comments>
		<pubDate>Tue, 01 Sep 2009 16:59:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Co]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14033</guid>
		<description><![CDATA[Bank of America Corporation (BAC) intends to pay back some of the bailout money it has received from the government in its participation of the Troubled Asset Relief Program (TARP). The government is also pushing the bank to pay at least $500 million to conclude a tentative pact in which the government agreed to share losses on certain BofA assets. The completion of the payments would enable BofA to reduce a part of the government&#8217;s involvement in its affairs. Some of the large financial firms that have already repaid government fund are Morgan Stanley (MS), Bank of New York Mellon Corporation (BK), Goldman Sachs (GS), U.S. Bancorp (USB), American Express Company (AXP), BB&#38;T Corporation (BBT) and State Street Corporation (STT). The repayment of government money can be viewed as a ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Moody&#8217;s Investors Service Confident About U.S. Credit</title>
		<link>http://www.stockbloghub.com/2009/08/31/aig-moodys-investors-service-confident-about-u-s-credit/13952</link>
		<comments>http://www.stockbloghub.com/2009/08/31/aig-moodys-investors-service-confident-about-u-s-credit/13952#comments</comments>
		<pubDate>Mon, 31 Aug 2009 21:04:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Co]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13952</guid>
		<description><![CDATA[Moody&#8217;s Investors Service on Friday affirmed its Aaa credit rating on the United States. The action considers the country’s ability to survive the credit crisis, its political stability and favorable long-term economic prospects. Though the rising debt burden could threaten the creditworthiness of the world&#8217;s largest economy, much of the debt the country is accumulating is backed by equity and securities purchases, which lessens the negative effect on the government&#8217;s net worth. According to the nonpartisan Congressional Budget Office, the U.S. government and the Federal Reserve have injected about $12 trillion to revive the economy and credit markets. As a result, the budget deficit is expected to reach $1.6 trillion this year and $1.4 trillion next year. In its mid-year economic review, the Office of Management and Budget increased its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/aig-moodys-investors-service-confident-about-u-s-credit/13952/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) U.S. Treasury Profits from Bailed-Out Banks</title>
		<link>http://www.stockbloghub.com/2009/08/31/gs-u-s-treasury-profits-from-bailed-out-banks/13963</link>
		<comments>http://www.stockbloghub.com/2009/08/31/gs-u-s-treasury-profits-from-bailed-out-banks/13963#comments</comments>
		<pubDate>Mon, 31 Aug 2009 20:55:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Co]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13963</guid>
		<description><![CDATA[The U.S. government has already retrieved about $4 billion in profits from 8 of the biggest banks that have fully repaid their obligations from the $700 billion Troubled Asset Relief Program (TARP). The government has recorded profits of about $1.4 billion from its investment in Goldman Sachs Group Inc. (GS), $1.3 billion from Morgan Stanley (MS) and $414 million from American Express Company (AXP). Furthermore, the government has also reaped profits in the range of $100 million to $334 million from its investments in each of the following five banks: Northern Trust Corporation (NTRS), The Bank of New York Mellon Corporation (BK), State Street Corp. (STT), US Bancorp (USB) and BB&#38;T Corp. (BBT). It also collected about $35 million in profits from 14 smaller banks that have paid back their ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/gs-u-s-treasury-profits-from-bailed-out-banks/13963/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) Federally Insured Bank Failures Continue</title>
		<link>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914</link>
		<comments>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914#comments</comments>
		<pubDate>Mon, 31 Aug 2009 16:05:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13914</guid>
		<description><![CDATA[Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits. Failure of these banks represents another sizable impact on the Federal Deposit Insurance Corporation’s (FDIC) fund for protecting customer accounts, as it has been appointed receiver for these banks. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DB) Deutsche Bank Files vs. Taylor Bean</title>
		<link>http://www.stockbloghub.com/2009/08/28/db-deutsche-bank-files-vs-taylor-bean/13830</link>
		<comments>http://www.stockbloghub.com/2009/08/28/db-deutsche-bank-files-vs-taylor-bean/13830#comments</comments>
		<pubDate>Sat, 29 Aug 2009 00:06:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Money Center Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[SOV]]></category>
		<category><![CDATA[Sovereign Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13830</guid>
		<description><![CDATA[Deutsche Bank Securities Inc., the New York unit of Germany&#8217;s Deutsche Bank AG (DB), has a $42 million unsecured claim against mortgage lender Taylor, Bean &#38; Whitaker Mortgage Corp. Taylor Bean filed for Chapter 11 bankruptcy protection on August 24 as it was forced to shut its mortgage lending operations on August 5. The filing in the U.S. Bankruptcy Court listed the claim as disputed and ranked it as the largest unsecured claim against Taylor Bean. Taylor Bean said the claim was related to Ocala Funding, an entity set up by Taylor Bean to borrow money for short periods to fund home loans. The filing also listed a $9 million claim from James G. Hicks of Lawrenceville related to money owed for the acquisition of a mortgage company made by ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/28/db-deutsche-bank-files-vs-taylor-bean/13830/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Thrift Industry Defies Troubles</title>
		<link>http://www.stockbloghub.com/2009/08/27/jpm-thrift-industry-defies-troubles/13605</link>
		<comments>http://www.stockbloghub.com/2009/08/27/jpm-thrift-industry-defies-troubles/13605#comments</comments>
		<pubDate>Thu, 27 Aug 2009 19:19:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13605</guid>
		<description><![CDATA[On Wednesday, regulators said that the US thrift industry had earned its first profit since the third quarter of 2007, but the number of troubled institutions continued to rise. Profit for the period ended June 30, 2009 was $4 million, compared to a loss of $1.62 billion sequentially and $5.4 billion in the prior-year quarter. The small profit for the quarter mainly came from higher net interest margins, lower provisions for loan losses and better fees. Although results for the quarter showed some improvement, overall performance of the industry remained uneven. Troubled assets at thrifts accounted for 3.52% of the industry&#8217;s assets, up from 3.35% in the previous quarter. However, total value of troubled assets fell to $38.6 billion from $41 billion in the earlier quarter. &#8220;Problem thrifts&#8221; on the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/jpm-thrift-industry-defies-troubles/13605/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MS) Northern Trust Corporation Repurchases TARP Warrents</title>
		<link>http://www.stockbloghub.com/2009/08/27/ms-northern-trust-corporation-repurchases-tarp-warrents/13606</link>
		<comments>http://www.stockbloghub.com/2009/08/27/ms-northern-trust-corporation-repurchases-tarp-warrents/13606#comments</comments>
		<pubDate>Thu, 27 Aug 2009 19:06:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Co]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13606</guid>
		<description><![CDATA[Northern Trust Corp. (NTRS) on Wednesday declared that it has completed the final step to free itself from the government bailout program. The Chicago-based custody bank paid $87 million to repurchase stock warrants issued to the federal government as part of the Troubled Asset Relief Program (TARP). With this repurchase, Northern Trust has paid a total of nearly $1.71 billion to the Treasury under TARP. This includes repurchase of preferred stock issued to the government and preferred dividends. According to the bank, the total payments represent a 14% annualized return on investment to the US taxpayers. The $700 billion bailout program was launched by the federal government to help revive deteriorating credit markets during the height of the financial crisis. The government provided capital to institutions in exchange of preferred ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/ms-northern-trust-corporation-repurchases-tarp-warrents/13606/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) Colonial BancGroup Officially Files Bankruptcy</title>
		<link>http://www.stockbloghub.com/2009/08/26/bbt-colonial-bancgroup-officially-files-bankruptcy/13493</link>
		<comments>http://www.stockbloghub.com/2009/08/26/bbt-colonial-bancgroup-officially-files-bankruptcy/13493#comments</comments>
		<pubDate>Wed, 26 Aug 2009 20:57:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13493</guid>
		<description><![CDATA[Less than two weeks after Federal Deposit Insurance Corporation (FDIC) seized Colonial BancGroup’s (CBCG) banking operations, the holding company filed for Chapter 11 bankruptcy protection yesterday. Most of Colonial’s banking assets were sold to BB&#38;T Corp. (BBT). The shutdown of Colonial BancGroup’s banking operations is the biggest bank failure so far this year, and the sixth-largest in U.S. history. The estimated cost of Colonial BancGroup’s failure to the deposit insurance fund would be $2.8 billion. The FDIC and BB&#38;T have signed an agreement to share losses on about $15 billion of Colonial BancGroup’s loans and other assets. BB&#38;T expects losses in the loan portfolio acquired from Colonial BancGroup’s banking operations of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the FDIC. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/26/bbt-colonial-bancgroup-officially-files-bankruptcy/13493/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FRE) Taylor Bean &amp; Whitaker Mortgage Files for Bankruptcy</title>
		<link>http://www.stockbloghub.com/2009/08/25/fre-taylor-bean-whitaker-mortgage-files-for-bankruptcy/13343</link>
		<comments>http://www.stockbloghub.com/2009/08/25/fre-taylor-bean-whitaker-mortgage-files-for-bankruptcy/13343#comments</comments>
		<pubDate>Tue, 25 Aug 2009 20:55:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13343</guid>
		<description><![CDATA[Yesterday, Taylor, Bean &#38; Whitaker Mortgage Corporation filed for Chapter 11 bankruptcy protection after it was forced to shutter its mortgage lending operations earlier this month. The Ocala, Florida-based company had captured 1.7% market share nationwide by creating $17 billion of mortgage loans from January to June, 2009. On that basis, it was the 12th largest mortgage lender in the U.S. Taylor was also one of the largest U.S. home loan providers not owned by a large bank. As a result, there was lack of significant amount of deposits that could help cushion its capital position in the troubled market environment. The company filed for bankruptcy due to recent actions taken against it by the Department of Housing and Urban Development, and mortgage financiers Freddie Mac (FRE) and the Government ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/25/fre-taylor-bean-whitaker-mortgage-files-for-bankruptcy/13343/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GFG) 2nd Largest Bank Failure in &#8217;09</title>
		<link>http://www.stockbloghub.com/2009/08/24/gfg-2nd-largest-bank-failure-in-09-analyst-blog/13191</link>
		<comments>http://www.stockbloghub.com/2009/08/24/gfg-2nd-largest-bank-failure-in-09-analyst-blog/13191#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:25:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Southwest Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[GFG]]></category>
		<category><![CDATA[Guaranty Financial Group Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13191</guid>
		<description><![CDATA[Regulators shut down 4 more banks including Guaranty, the 2nd largest this year; total failed banks in &#8217;09 reach 81 U.S. regulators on Friday shuttered more four banks Incorporatedluding Guaranty. The shutdown of Guaranty, a unit of Guaranty Financial Group Inc. (GFG), is the second-largest U.S. bank failure this year after Colonial, and the 10th-largest in U.S. history. This takes the total number of failed federally insured banks this year to 81, compared to 25 in 2008 and 3 in 2007. Texas-based lender Guaranty had assets of about $13 billion and deposits of $12 billion. Souring losses on loans to homebuilders and mortgage-backed securities were the primary reasons which caused Guaranty to fail. GFG affirmed last Monday in a regulatory filing that the company was critically short of capital and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/24/gfg-2nd-largest-bank-failure-in-09-analyst-blog/13191/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GHC) Global Consumer Acquisition Corp Eyes BB&amp;T Corp&#8217;s Branches</title>
		<link>http://www.stockbloghub.com/2009/08/21/ghc-global-consumer-acquisition-corp-eyes-bbt-corps-branches/13055</link>
		<comments>http://www.stockbloghub.com/2009/08/21/ghc-global-consumer-acquisition-corp-eyes-bbt-corps-branches/13055#comments</comments>
		<pubDate>Fri, 21 Aug 2009 19:04:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Investments]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[GHC]]></category>
		<category><![CDATA[Global Consumer Acquisition Corp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13055</guid>
		<description><![CDATA[Global Consumer Acquisition Corp. (GHC) announced yesterday that it intends to buy some or all of BB&#38;T Corp.’s (BBT) 21 branches in Nevada. Those branches were acquired by BB&#38;T as part of its takeover of Colonial BancGroup last Friday. Global is in discussion with BB&#38;T about its intention. In July, Global reached an agreement with Colonial to buy the 21 branches, which have about $492 million in deposits and $440 million in loans. However, the deal had been invalidated by the takeover of Colonial by BB&#38;T. The Colonial deal is the biggest acquisition in BB&#38;T’s history, creating the nation&#8217;s eighth-largest financial holding company by deposits. Previously, BB&#38;T had only three branches in Alabama. After the takeover, BB&#38;T gained an additional 90 Colonial branches across the state and 204 branches in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/ghc-global-consumer-acquisition-corp-eyes-bbt-corps-branches/13055/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) BB&amp;T Sells $750 million Shares following aquisition of Colonial BancGroup</title>
		<link>http://www.stockbloghub.com/2009/08/19/bbt-bbt-sells-750-million-shares-following-aquisition-of-colonial-bancgroup/12661</link>
		<comments>http://www.stockbloghub.com/2009/08/19/bbt-bbt-sells-750-million-shares-following-aquisition-of-colonial-bancgroup/12661#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:57:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12661</guid>
		<description><![CDATA[BB&#38;T Corp. (BBT) commenced a $750 million common stock offering for sale to the general public. Underwriters have a 30-day option to purchase up to an additional 15% of common stock from the company to cover over-allotments, if any. Proceeds from the sale will qualify as tangible common equity and Tier 1 regulatory capital. BB&#38;T intends to use the proceeds for general corporate purposes. The offering follows BB&#38;T’s acquisition of Colonial BancGroup Inc. BB&#38;T acquired $22 billion in assets and assumed $20 billion in deposits in the transaction. The Federal Deposit Insurance Corporation (FDIC) and BB&#38;T also signed a loss-sharing contract covering substantially all acquired loans and securities of Colonial. The Colonial deal is the biggest acquisition in BB&#38;T’s history, creating the nation&#8217;s eighth-largest financial holding company by deposits. BB&#38;T ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/bbt-bbt-sells-750-million-shares-following-aquisition-of-colonial-bancgroup/12661/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) Colonial Will Not Hurt BB&amp;T</title>
		<link>http://www.stockbloghub.com/2009/08/19/colonial-will-not-hurt-bbt/12719</link>
		<comments>http://www.stockbloghub.com/2009/08/19/colonial-will-not-hurt-bbt/12719#comments</comments>
		<pubDate>Wed, 19 Aug 2009 21:51:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12719</guid>
		<description><![CDATA[Yesterday, BB&#38;T Corp. (BBT) said expected losses in the loan portfolio acquired from Colonial BancGroup (CBCG) of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the Federal Deposit Insurance Corporation (FDIC). Last Friday, BB&#38;T took control of Colonial after it was seized by regulators. As a result, BB&#38;T is exposed to losses connected with its purchase of Colonial assets for $21.8 billion. The estimated cost of Colonial’s failure to the deposit insurance fund would be $2.8 billion. The FDIC and BB&#38;T have signed an agreement to share losses on about $15 billion of Colonial&#8217;s loans and other assets. The Colonial deal is the biggest acquisition in BB&#38;T’s history, creating the nation&#8217;s eighth-largest financial holding company by deposits. BB&#38;T is a dominant ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/colonial-will-not-hurt-bbt/12719/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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