SunTrust Sets Loans In Florida To Take Toll

SunTrust bank of Atlanta saw a 54.3 percent plunge in profits due to weak economy. To cope up with this, it has frozen the pay rises and bonuses of its 4000 employees. The SunTrust bank released its revenue details, which reported an income of $746.9 million and earnings of $2.13 on a share. The income in 2007 year was $1.6 billion and the earnings were $4.55 on a share. So this has resulted in the …

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