SunTrust Puts Execs on Leave; May Restate
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SunTrust Banks Inc. (STI.N: Quote, Profile, Research) on Monday said it put two senior finance executives on paid leave, and expects to restate first- and second-quarter
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SunTrust Banks Inc. (STI.N: Quote, Profile, Research) , the No. 7 US bank, fired its chief credit officer and two other finance executives after finding numerous errors
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, on Monday said it expects to restate first- and  second-quarter profit higher, changing how it accounts for loan  losses. It also said it put some finance executives on paid  administrative leave.
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SunTrust Banks Inc. said Wednesday that an internal review of errors in its accounting for loan-loss allowances found &quot;a material weakness in the company&#39;s internal controls over financial reporting,&quot; and
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The Treasury Department and Internal Revenue Service Monday gave some breathing room to companies that will be forced to restructure their executive pay plans to comply with new restrictions on deferred compensation that Congress enacted this fall.
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, on Monday said it put two senior finance executives  on paid leave, and expects to restate first- and second-quarter  profit higher as it fixes errors in how it accounts for loan  losses.
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SunTrust Banks Inc. STI.N on Monday  said it put two senior finance executives on paid leave, and  expects to restate first- and second-quarter profit higher as  it fixes errors in how it accounts for loan losses.
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As many as 15 senior execs could lose their jobs in the next few days: source. BOSTON  - Putnam Investments is expected to lay off more employees, the chief executive of its parent company said Tuesday
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SunTrust Banks Inc , a large U.S. southeast regional bank, on Wednesday said fourth-quarter earnings tumbled 98 percent, hurt by a tripling of credit losses and a bailout of two money market mutual funds.
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Under a plan recently passed by Merck &amp; Co. Inc.âs board of directors, members of the firmâs management committee and the companyâs vice president-level managers may be compensated with severance packages
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At least one high-level Sun exec is departing after a shake-up affecting the Sun Grid.
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SunTrust Banks Inc., the seventh- largest US bank, said it will restate results for the first and second quarters of this year, increasing profit, because the company incorrectly calculated loan losses.
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An accounting problem with SunTrust Banks' loan loss reserves could prevent the bank from completing its Sarbanes-Oxley Act reporting requirements by a Dec. 31 deadline.
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SunTrust Banks Inc., the seventh- largest US bank, said it will restate results for the first and second quarters of this year because the company incorrectly calculated loan losses.
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SunTrust Banks Inc. on Monday said it put two senior finance executives on paid leave, and expects to restate first and second-quarter profit higher as it fixes errors in how it accounts for loan losses.
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, on Wednesday said it fired three finance executives,  including its chief credit officer, after finding "numerous  errors" in how much to set aside for bad loans.
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SunTrust Banks Inc. (STI) on Monday put two senior finance executives on leave after uncovering accounting problems that will result in the No.