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Real Estate & Property Law

: Housing Wire

More than $1B in Q4 Loss Provisions, Write-Downs at Sun Trust

By KELLY CURRAN

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Credit quality is clearly deteriorating at Sun Trust Banks, Inc. (STI: 13.81 -9.20%), which on Thursday reported Thursday a fourth-quarter loss of $379.2 million, or 1.08 per share, compared to a $3.3 million, or $0.01 per share loss in the fourth quarter of 2007. Driving much of the loss was a provision for loan losses [...]

Full post as published by Housing Wire on January 22, 2009 (boomark / email).

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