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There's a Riot in the Citi

www.fool.com | 22 hours 57 minutes ago

"When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing." -- Former Citigroup CEO Charles Prince, July 2007

http://www.fool.com/investing/dividends-income/2008/11/21/theres-a-riot-in-the-citi.aspx

Greatly Oversold Market Is Up

www.istockanalyst.com | Nov 21, 2008

The Dow started out strong, up 150 from a greatly oversold market. However there was no follow thru so it has bumping along with a gain of 83 currently. Citigroup (C), another Dow stock struggling to remain in the group, is a $3 stock now. Nobody knows what's going on with them, but most thoughts

http://www.istockanalyst.com/article/viewarticle+articleid_2822438.html

Will Citigroup Regain Its Lost Luster?

seekingalpha.com | Nov 20, 2008

Citigroup (C) announced Monday that it would be laying off 53,000 workers. The company has already laid off 23,000 employees earlier this year. Citi has lost 20 billion dollars over the past year and has had four straight quarterly earning losses. The company is on its third CEO in the last

http://seekingalpha.com/article/106812-will-citigroup-regain-its-lost-luster?source=feed

Citigroup stock drops to 13-year low, fear grows (Reuters)

news.yahoo.com | Nov 19, 2008

Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. News, Headlines and Latest Stories on Yahoo! News

http://news.yahoo.com/s/nm/20081119/bs_nm/us_citigroup

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USB: To Present At Merrill Lynch Banking Conference @ 13:45 ET [delayed] - Zibb.com

www.zibb.com

Company representatives of US Bancorp (NYSE: USB) will be presenting at the Merrill Lynch Banking & Financial Services Conference today. The Company's presentation is scheduled to begin at 13:45 ET. Expected Speaker(s): Richard K. Davis, Chairman, President and CEO Misc Releated Info:**

http://www.zibb.com/article/4364638/USB+To+Present+At+Merrill+Lynch+Banking+Conference+ET+delayed

Construction and building market news: US Bancorp Reports Net Income for the First Quarter of 2008

The increase in the allowance for credit losses was primarily due to continued stress in the residential housing market, homebuilding and related industry ...

http://www.buildingmarketnews.com/2008/04/us-bancorp-re-1.html

Oregon Judicial Department Appellate Court Opinions

Husband conceded that, during the time the parties lived in Indiana, wife maintained their home. Husband began law school in Arizona in the fall of 1988. During the spring of husband's first year of law school, wife became pregnant with their second child.

http://www.publications.ojd.state.or.us/A119651.htm

Free Historical Stock Data on US Bancorp, Historical Stock Prices on US Bancorp

Receive a complete Daily History of this Stock You can receive a complete daily file of this issue since 1970 or stock inception. We will email you the file in ASCII format within a few hours or ordering.

http://www.price-data.com/usb.cfm

 

SunRun gets $105 mln in financing from US Bancorp - Zibb.com

U.S. solar power company SunRun on Thursday said it received $105 million in financing from an affiliate of US Bancorp that will enable it to put solar systems on 2,000 residential rooftops.

Privately held SunRun owns the solar panels it installs on residential roofs and then sells its customers the electricity at a low fixed rate, eliminating the need for homeowners to lay out tens of thousands of dollars for costly solar hardware.

The nearly two-year-old company has already installed systems on more than 300 rooftops in California, and Thursday's funding announcement will enable it to ramp up expansion.

"The reason solar is not on more homes is because it's been expensive and has been a hassle," SunRun President and Chief Operating Officer Nat Kreamer said in an interview. "We're really well positioned with this announcement to bring solar to a much broader audience."

Given that the global financial crisis has choked off funding for many alternative energy start-ups, Kreamer also said the move by U.S. Bancorp was "a great vote of confidence in renewable energy."

Earlier this year, San Francisco-based SunRun raised $12 million from venture capitalists including Foundation Capital.

(Reporting by Nichola Groom; Editing by Gary Hill) Keywords: SUNRUN/

(nichola.groom@thomsonreuters.com; +1-213-955-6755; Reuters Messaging: nichola.groom.reuters.com@reuters.net)

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Tags: alternative energy   california   editing   expansion   foundation   power plant   president   renewable energy   residential  

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BB&T announces management changes - Zibb.com

BB&T, a financial holding company, has announced that CFO Chris Henson will be named as the new COO and assistant CFO Daryl Bible will succeed Mr Henson as CFO, beginning January 1, 2009. Mr Bible's appointment to the executive management team is effective immediately, the company said.

BB&T said in August 2008 that COO Kelly King would succeed longtime CEO John Allison when he retires at the end of 2008. Mr Allison will remain as chairman until the end of 2009 and serve on the board of directors thereafter.

Mr Henson joined BB&T in 1985 and has served as CFO since 2005. He previously served as assistant CFO, president of BB&T's Georgia operations and president of BB&T community bank regions based in Atlanta and Virginia's Hampton Roads area.

As COO, Mr Henson will be responsible for risk management and administrative services, operations, deposit services, marketing, electronic delivery and all fee-based financial services subsidiaries.

Mr Bible joined BB&T in January 2008 after a 24-year career with US Bancorp, the last 10 years as treasurer. As CFO, he will oversee treasury, investor relations, capital planning and shareholder reporting, enterprise spend management, management accounting, strategic planning and corporate finance, corporate tax, accounting and financial reporting, and value improvement.

Mr King said: "These moves position our executive management team and our company for what we believe is a very bright future. Chris and Daryl are both proven leaders who, along with the rest of our management team, provide the necessary foundation to continue to build on our legacy as a solid and stable financial institution."

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
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Tags: accounting   appointment   bank   career   ceo   community   corporate   executive   finance   financial services   foundation   georgia   marketing   president   tax   treasury   virginia  

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USBCDC names chairman and CEO - Zibb.com

US Bancorp Community Development has appointed Zack Boyers as its chairman and CEO.

Mr Boyers, who has 14 years of tax credit investment and banking experience, will be responsible for providing strategic direction and leadership to US Bancorp Community Development's (USBCDC) community development team, and will lead more than 80 professionals.

Since 1994, Mr Boyers has held a number of positions at US Bank. He started his banking career with Mark Twain Bank, which is now part of US Bank, as a commercial lender.

He later took a position as an affordable housing and historic tax credit specialist with the organization in 1998. Since 2003, he has served in a senior management role leading the historic and new markets tax credit investments product division of the CDC.

Terrance Dolan, executive vice president of US Bancorp, said: "Zack's dedication and commitment has helped USBCDC become one of the largest new markets tax credit investors in the country. USBCDC has grown significantly over the past four years, from $1 billion to $5 billion in assets under the entire leadership team that we have in place and Zack has been a very important element of this growth."

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

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Tags: bank   banking   career   ceo   commercial   community   executive   housing   president   tax  

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SmarTrend(R) Opening Bell Comments -- September 8, 2008 - Zibb.com

Last updated September 8, 2008 6:50 AM ET---Today, U.S. stock futures are trading exceedingly higher after Sunday's announcement that the government is seizing downtrodden lenders Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE). Sunday, Federal officials announced their intent to take over Fannie and Freddie, which puts the government in charge of the $5 trillion in home loans they currently hold. The dramatic move to shore up the lenders involves approximately $200 billion in support from the Treasury and CEOs of both companies will no longer run them. Freddie CEO Syron will be replaced by former Vice Chairman and CFO of US Bancorp, David Moffett, while Fannie CEO Daniel Mudd will be replaced by Herb Allison, who served as Merrill Lynch's president at one point. The Federal Housing Finance Agency (FHFA) will assume control of the boards. Also in an effort to shore up capital, they will be cutting dividends on both common and preferred shares, which will conserve approximately $2 billion per year. The news triggered rallies among overseas markets as well, as the Nikkei 225 rose 3.4% and the FTSE 100 jumped 3.8%. In other financial sector news, shares Washington Mutual (NYSE:WM) will receive heavy trade Monday as investors react to a WSJ article that said the firm ousted chief exec Kerry Killinger. In deal news, Altria (NYSE:MO) agreed to acquire tobacco maker UST (NYSE:UST) for $70 a share, or $10.3 billion. At the time of this report, S&P futures are up 36.90 points, Nasdaq futures are up 40.25 points and Dow futures are up 258.00 points.

newsdesk@comtex.com

Tags: acquisition   dividends   federal   finance   freddie mac   futures   housing   nasdaq   nyse   president   S&P   tobacco   trade   washington  

Companies: Altria Group Inc (MO), Fannie Mae (FNM), Freddie Mac (FRE), UST, Inc. (UST), Washington Mutual, Inc. (WM)

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