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Quick_Money_loan » SunTrust discloses major loan writedowns - Bizjournals.com- About: Quick Money Loan

SunTrust discloses major loan writedowns - Bizjournals.com- About: Quick Money Loan

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Louis San Antonio San Francisco San Jose Seattle South Florida Tampa Bay Washington, D. The bank - the second largest in the Middle Tennessee market - still expects to be profitable in the fourth quarter and will maintain its current dividend. But writedowns of the bank’s loans and some structured investment securities will exceed several hundred million for the quarter. It expects to charge off about $170 million in loans and leases during the quarter. The bigger charge is coming from SunTrust’s less well-known structured investment vehicles. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of bizjournals. read more

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