Hot finance topics

Bank of America Corp’s lead director Temple Sloan resigned from the largest U.S. bank’s board of directors Friday.
Investors have criticized Sloan, who had been on the bank’s board of directors for 13 years, for not doing more to prevent Chief Executive Ken Lewis from buying Merrill Lynch.
The bank said in a statement Sloan’s resignation […]

SunTrust Banks Inc, a U.S. Southeast regional bank ordered by federal regulators to raise $2.2 billion of equity capital, on Monday speeded up a previously announced capital-raising plan, hoping to benefit from recent investor demand for banks’ securities.
The Atlanta-based bank said it plans to sell $1.4 billion of common stock, raise $300 million of […]