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| Subject: SunTrust SunTrust Banks, Inc. is an American bank holding company. The largest subsidiary is SunTrust Bank. It had $171.5 billion in assets as of June 30, 2008. SunTrust Bank’s most direct corporate parent was established in 1891 in Atlanta, Georgia, where its headquarters remain. Good and bad banks By John Schroy, on May 8th, 2009 |  Leave a comment  In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’. This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power. Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits. May 8th, 2009 | Print Article |  Email Article |  Topics: ACORN, Banco Brasileiro de Descontos, Bank Indonesia, Bank of America, Barack Obama, Barney Frank, BB&T, Ben Bernanke, Capital One, Chris Dodd, Chrysler, Citicorp, Federal Reserve Bank, Fifth Third, Henry Paulson, JP Morgan Chase, KeyCorp, Mercantilist Ideology, Merrill Lynch, Regions Financial, reserve currency, SunTrust, TARP, Timothy Geithner, United Auto Workers, US Bancorp, US dollar, Wells Fargo | Category: Financial Market Regulator | Leave a comment |  Short urlFeatured articles on inside pages
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