News: The South Financial Group, Inc. (TSFG.O)

TSFG.O on Nasdaq

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14 Dec 2009
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Mon, Nov 16 2009

RPT-U.S. regulators squeeze banks on future tax assets

* For some banks, writedowns can trigger capital raises (Repeating item that initially moved on Friday)

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U.S. regulators squeeze banks on future tax assets

NEW YORK (Reuters) - U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns.

CORRECTED - U.S. regulators squeeze banks on future tax assets

* For some banks, writedowns can trigger capital raises (Corrects figure from billion to trillion in paragraph 6)

U.S. regulators squeeze banks on future tax assets

NEW YORK (Reuters) - U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns.

U.S. regulators squeeze banks on future tax assets

* For some banks, writedowns can trigger capital raises

U.S. investors alarmed about tax assets

NEW YORK (Reuters) - U.S. investors are becoming increasingly alarmed about a new wave of writedowns that may be looming in an obscure corner of banks' balance sheets.

UPDATE 1-South Financial sees $341 mln Q3 loss on charges

Oct 20 (Reuters) - Financial services firm South Financial Group Inc expects to post a more than ten-fold jump in quarterly loss, hurt by a $200 million charge and a spike in loan loss provisions.

UPDATE 1-Q3 won't be easy for US mid-cap banks - Morgan Stanley

Oct 8 (Reuters) - Higher credit costs are likely to weigh on earnings for the U.S. mid-cap banks in the third quarter, but expectations appear fairly realistic going into the period, Morgan Stanley said.

UPDATE 1-South Financial suspends quarterly dividend

Aug 20 (Reuters) - South Financial Group Inc said it has suspended its quarterly dividend of 1 cent a share to preserve capital.

UPDATE 3-MOVES- BNP Paribas, Amherst, Willis

Aug 10 (Reuters) - The following financial services industry appointments were announced since Friday. To inform us of other job changes, e-mail moves@thomsonreuters.com.

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