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Credit FAQ: How Rated U.S. Banks Fared In The Third Quarter Amid A Sluggish Recovery And Impending Criteria Changes Nov 11 Product Image

Credit FAQ: How Rated U.S. Banks Fared In The Third Quarter Amid A Sluggish Recovery And Impending Criteria Changes Nov 11

  • Published: November 2011
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Advanta Bank Corp.
  • BNP Paribas Finance Inc.
  • Deposit Guaranty Corp.
  • J.P. Morgan & Co. Inc.
  • Midlantic Corp.
  • SouthTrust Corp.
  • MORE

Abstract
In the third quarter, the muted economic growth in this jobless recovery continued to weigh on the U.S. banking sector's slow climb back from the worst of the credit crisis. Although Standard & Poor's in November revised its expectation of another recession down to 35% from the 40% odds we saw in August, we still don't expect unemployment--which fell only slightly in October, to 9.0% from 9.1% in September--to improve significantly anytime soon. And home prices in the largest U.S. residential markets are still below where they were a year ago, despite some small upticks over the summer, according to the most recent data from the S&P/Case-Shiller Home Price Index. Earnings at several large complex banks received a boost in...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an READ MORE >

- SunTrust Bank
- UMB Bank N.A.
- York Bank & Trust Co.
- UBS AG (NY Branch)
- SunTrust Banks Inc.
- KeyCorp
- Deposit Guaranty Corp.
- SunTrust Bank, Nashville N.A.
- CIC Finance (DE) Inc.
- BNY Mellon N.A.
- Wachovia Corp.
- Liberty National Bancorp Inc.
- Home Savings of America FA, Irwindale, California
- Source One Mortgage Services Corp.
- Skandinaviska Enskilda Banken Funding Inc.
- BHF Finance (DE) Inc.
- Morgan Stanley
- Signet Banking Corp.
- Dauphin Deposit Corp.
- Citibank (New York State), Pittsford
- M&I Marshall & Ilsley Bank
- First American Corp. TN
- Allfirst Financial Center N.A.
- Bank One, Kentucky N.A., Louisville
- Union Planters Corp.
- Branch Banking & Trust Co.
- Union Planters Bank N.A.
- Colonial Bank
- Meridian Funding Corp.
- Midlantic Corp.
- First-Citizens Bank & Trust Co.
- First National Bank of Omaha
- First Hawaiian Bank
- Banc One Indiana Corp.
- Meridian Bank, Reading, PA
- Summit Bank, NJ
- Banco Santander Puerto Rico
- NationsBank of Texas N.A., Dallas
- Mellon Trust of New England N.A.
- Chase Manhattan Bank Delaware, Wilmington
- MGIC Mortgage Insurance Corp.
- Old National Bancorp (Unsolicited Ratings)
- Old National Bank
- Bank One, Akron, N.A., OH
- Bank One, Dayton, N.A., OH
- Crestar Bank, Richmond,VA
- Southwest Corporate Federal Credit Union
- CitiMortgage Inc.
- BancorpSouth Bank
- SMBC Capital Markets Inc.
- Countrywide Financial Corp.
- FleetBoston Financial Corp.
- First Commercial Corp.
- CCBP International Inc.
- California Housing Loan Insurance Fund
- Banco Popular de Puerto Rico
- Frost Bank
- Central Corporate Credit Union
- Chase Bank U.S. N.A.
- LaSalle Bank Midwest N.A.
- National City Bank, Indiana
- American Express Centurion Bank
- JPMorgan Chase & Co.
- Girocredit Finance Delaware Inc.
- KfW International Finance Inc.
- Star Bank N.A., Cincinnati, OH
- Bank of the West
- Charter One Bank N.A.
- Provident Bank of Maryland, Baltimore,MD
- RBC Bank (U.S.A.)
- Associated Bank N.A.
- Provident Bank
- National Bank of Commerce, Memphis
- BBL North America Inc.
- UnitedTrust Bank
- Wells Fargo Bank Minnesota N.A.
- BdN Commercial Paper USA Inc.
- UnionBanCal Commercial Funding Corp.
- Deutsche Bank National Trust Co.
- State of New York Mortgage Agency Mortgage Insurance Fund
- Banca CRT Financial Corp.
- Bank One, Louisiana N.A.
- Chemical Bank New Jersey, Morristown
- American Savings Bank FSB Honolulu HI
- California Bank and Trust
- Washington Mutual Bank
- Citigroup Inc.
- CERA Finance North America Inc.
- M&T Bank Corp.
- Star Banc Corp.
- Deutsche Bank Trust Co. Delaware
- First Union National Bank of Georgia, Atlanta
- Glendale Federal Bank FSB, Glendale, CA
- Santander Central Hispano Finance (Delaware) Inc.
- Banco Central Hispano Puerto Rico
- Bay View Capital Corp.
- Banque Worms U.S. Finance Inc.
- BancorpSouth Inc.
- Coast Savings Financial Inc.
- Bayerische Landesbank U.S. Finance Inc.
- National Westminster Bancorp Inc.
- Hypo U.S. Finance Inc.
- TCF National Bank
- Genworth Residential Mortgage Insurance Corp. of North Carolina
- MUFG Americas Holdings Corporation
- Discover Bank
- Bank One Michigan
- Synovus Financial Corp.
- The Goldman Sachs Group Inc.
- PNC Bank, Delaware
- AGC Capital Inc.
- Banesto (DE) Inc.
- Santander Overseas Bank, Puerto Rico
- Popular Inc.
- Western Financial Bank
- TCF Financial Corp.
- Southeast Corporate Federal Credit Union
- Key Bank of Wyoming
- First of America Bank Mid-Michigan
- Radian Mortgage Assurance Inc.
- Compagnie Bancaire USA Funding Corp.
- Popular North America Inc.
- Commercial Federal Corporation
- Santander Holdings U.S.A Inc.
- LaSalle National Corp.
- Doral Financial Corp.
- MBNA Corp.
- Bank United Corp.
- Bank of America Nevada, Las Vegas
- Bank United
- Triad Guaranty Insurance Corp.
- WestLB Finance USA Inc.
- Fifth Third Bank of Northwestern, Ohio N.A. Toledo
- St. Paul Bancorp, Inc., Chicago, Ill.
- Key Bank of Washington
- Popular International Bank Inc.
- First Union National Bank of Virginia, Roanoke
- Republic Mortgage Insurance Co. of FL
- Webster Financial Corp.
- Webster Bank N.A.
- U.S. Bank of California, Sacramento
- FirstMerit Bank N.A.
- Dime Bancorp Inc.
- CitFed Bancorp Inc., Dayton, OH
- Student Loan Corp.
- NationsBank of Delaware N.A., Dover
- People's United Bank
- First USA Inc.
- Barnett Bank of Southwest Georgia
- Barnett Bank of Southeast Georgia, NA
- Barnett Bank of West Florida
- Barnett Bank of Volusia County
- Barnett Bank of the Treasure Coast
- Barnett Bank of Tampa
- Barnett Bank of Lake County, N.A.
- Barnett Bank of Palm Beach County
- Barnett Bank of Aluchua County, N.A.
- Barnett Bank of Northwest Florida
- Barnett Bank of Broward County, N.A.
- Barnett Bank of the Keys
- Barnett Bank of Central Florida, N.A.
- Barnett Bank of Highlands County
- Barnett Bank of North Central Florida
- Barnett Bank of Nassau County
- Barnett Bank of Naples
- Barnett Bank of Martin County, N.A.
- Barnett Bank of Tallahassee
- Barnett Bank of Marion County, N.A.
- Barnett Bank of Manatee County, N.A.
- Barnett Bank of Lee County, N.A.
- Barnett Bank of Lake Okeechobee
- Barnett Bank of the Suncoast, N.A.
- Barnett Bank of the St. Johns
- Barnett Bank of Southwest Florida
- Barnett Bank of Polk County
- Barnett Bank of Pinellas County
- Barnett Bank of Pasco County
- NationsBank of Tennessee N.A., Nashville
- First Security Bank of New Mexico, N.A.
- Foothill Capital Corp.
- M&I Community State Bank
- M&I First American National Bank
- M&I Lancaster State Bank
- M&I Bank of Southern Wisconsin
- M&I Merchants Bank
- M&I Mid-State Bank N.A.
- M&I National Bank of Ashland
- M&I National Bank of Neillsville
- M&I Northern Bank
- M&I South Shore Bank
- M&I Thunderbird Bank
- M&I Lake Country Bank
- Cupertino National Bank
- Republic Mortgage Insurance Co. of NC (Unsolicited Ratings)
- Firstfed Financial Corp, Santa Monica, Ca.
- Capital One Bank (U.S.) N.A.
- Capital One Financial Corp.
- Corporate Central Credit Union
- Trans Financial Bank N.A.
- Susquehanna Bancshares Inc.
- Washington Mutual, Inc.
- FirstBank Puerto Rico
- Lehman Brothers Securities Asia
- Carolina First Bank
- California Commerce Bank
- FirstMerit Corp.
- Coastal Bancorp Inc. Houston, TX
- SouthTrust Bank of Georgia NA
- Ocwen Loan Servicing LLC
- S&T Bank
- Downey Financial Corp.
- HVB Finance (Delaware) Inc.
- Bank One, West Virginia, N.A.
- Branch Banking & Trust Co. of South Carolina
- Homeside Lending Inc.
- One Valley Bancorp, Inc
- Provident Financial Group, Inc
- Comerica Bank-California
- Comerica Bank-Texas
- Corporate One Federal Credit Union
- Valley National Bancorp
- Valley National Bank
- Fleet Bank N.A.
- Fifth Third Bank
- Fifth Third Bank of Central Ohio
- Fifth Third Bank of Indiana
- Fifth Third Bank of Kentucky, Inc. (The)
- Fifth Third Bank of Northeastern Ohio
- Federal Reserve System (Unsolicited Ratings)
- Providian Financial Corp.
- OCWEN Financial Corp.
- National Commerce Financial Corp.
- Radian Insurance Co. (PA)
- Commonwealth Mortgage Assurance Co. of Texas
- GreenPoint Bank
- GreenPoint Financial Corp.
- Astoria Bank
- Astoria Financial Corp.
- PMI Group Inc.
- People's United Financial Inc.
- North Fork Bancorp
- Colonial BancGroup Inc.
- TD Bank US Holding Co.
- Cullen/Frost Bankers Inc.
- North Fork Bank
- First Western Bancorp, Inc.
- Associates Housing Finance Services Inc.
- Citizens Bank of Rhode Island
- Keystone Financial Inc.
- Fifth Third Bank of Northern Kentucky Inc.
- Fifth Third Bank of Western Ohio
- The National Bank of South Carolina, Columbia
- First Commercial Bank, Birmingham
- Whitney National Bank
- Whitney Holding Corp.
- Delta Financial Corp.
- Citizens Bank
- Citizens Republic Bancorp Inc.
- City National Bank Beverly Hills
- City National Corp.
- Citibank (West) Bancorp Inc.
- HomeGold Financial Inc.
- First Republic Bank
- IndyMac Bank FSB
- Triad Guaranty Inc.
- Fleet Bank N.A., Rhode Island
- Nationstar Mortgage LLC
- Wilmington Trust Corp.
- Civitas Bank
- Branch Banking & Trust Co. of Virginia
- Citibank (West) Holdings Inc
- Firstar Bank Midwest N.A.
- Provident Funding Associates L.P.
- United Guaranty Mortgage Indemnity Co.
- Summit Bank, PA
- CoBank ACB
- Fremont Investment & Loan
- Santander Bank, N.A.
- Sky Financial Group Inc.
- Radian Group Inc.
- Citizens Bank Illinois N.A.
- Associated Banc Corp.
- Associated Bank Illinois N.A.
- Charter One Financial Inc.
- Commercial Federal Bank
- F&M Bank - Minnesota
- F&M Bank - Wisconsin
- F&M Bank - Iowa
- CMG Mortgage Reinsurance Co.
- E*TRADE Bank
- Advanta Bank Corp.
- BANA Holding Corp
- BMO Harris Financing Inc.
- Olympia Financial Corp.
- Santander BanCorp.
- Discover Financial Services Inc.
- Morgan Stanley Bank N.A.
- AgFirst Farm Credit Bank
- First Corporate Credit Union
- Roslyn Bancorp Inc.
- Bank of North Georgia
- Citizens Bank of Pennsylvania
- TD Bank N.A.
- Greater Bay Bank N.A.
- Constitution Corporate Federal Credit Union
- M&I Bank FSB
- New York Community Bancorp Inc.
- New York Community Bank
- Trustmark Corp.
- Trustmark National Bank
- Chittenden Corp
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Associated Bank Minnesota N.A.
- Independence Community Bank
- Depfa Bank PLC, New York Agency
- UBS Loan Finance LLC
- First Midwest Bancorp Inc.
- First Midwest Bank
- Silicon Valley Bank
- SVB Financial Group
- OFG Bancorp
- Oriental Bank
- American Express Bank FSB
- Countrywide Bank FSB
- William Street Commitment Corporation
- Asociacion de Empleados del Estado Libre Asociado de Puerto Rico
- Golden West Financial Corp., Oakland, CA
- SouthTrust Bank
- Western Corporate Federal Credit Union
- RBC Centura Bank
- Magna Group Inc.
- Lomas Mortgage USA Inc.
- ASLK-CGER North America Inc.
- First Union Corp. of New Jersey
- Genworth Financial Assurance Corp.
- Members United Corporate Fed Credit Union
- Hibernia National Bank, New Orleans, LA
- Fleet Bank of Maine, Portland
- Nomura Holding America Inc.
- H.F. Ahmanson & Co.
- West One Bancorp
- West One Bank Idaho, Boise
- Metropolitan Financial Corp.
- American Residential Mortgage Corp.
- FCC National Bank, Wilmington, DE
- European American Bank Uniondale, NY
- Fleet Bank-New Hampshire, Nashua
- SunTrust Bank, South Florida N.A., Ft Lauderdale
- First of America Bank Corp.
- National City Bank of the Midwest
- Boatmen's National Bank of Oklahoma
- Hudson United Bank
- SunCorp Corporate Credit Union
- Hudson United Bancorp
- Infinity Casualty Insurance Co.
- U.S. Bank of Nevada, Reno
- Eastern Corporate Federal Credit Union
- M&I Bank of Antigo
- M&I Bank of Beloit
- M&I Bank of Cambridge
- M&I Bank of Eagle River
- M&I Bank of Mayville
- M&I Bank of Menomonee Falls
- M&I Bank of La Crosse
- M&I Bank Northeast
- M&I Bank Fox Valley
- M&I Bank of Mosinee
- M&I Bank of Racine
- M&I Bank South Central
- M&I Central Bank & Trust
- M&I Central State Bank
- M&I Citizens American Bank
- M&I Bank of Shawano
- M&I Bank of Oshkosh
- Key Bank of Colorado
- Key Bank of Alaska
- Key Bank of Idaho
- Key Bank of Maine
- Key Bank of Oregon
- Huntington Banks of Michigan
- Huntington National Bank of Indiana
- Huntington National Bank West Virginia
- Advanta National Bank
- National City Bank, Dayton OH
- National City Bank Northwest Toledo, OH
- First Chicago NBD Corp.
- HSBC Bank Nevada N.A.
- United Guaranty Mortgage Insurance Co.
- United Guaranty Mortgage Insurance Co. NC
- CC (USA) Inc.
- Wachovia Mortgage FSB
- Commerce Bank NA, Cherry Hill
- Commerce Bancorp, Inc.
- Citizens Bank of Massachusetts
- Firstar Bank U.S.A. N.A.
- Fulton Financial Corp. (Unsolicited Ratings)
- NetBank Inc.
- Mellon 1st Business Bank
- Greater Bay Bancorp
- Independence Community Bank Corp
- Capmark Financial Group Inc.
- Southwest Bank of St. Louis
- Mortgage Guaranty Reinsurance Corp.
- United Guaranty Credit Insurance Co.
- Sumitomo Mitsui Trust Bank (USA) Ltd.
- Citizens Bank of Connecticut
- Residential Capital LLC
- Citizens Bank, N.A.
- Ocean National Bank
- Flagship Bank and Trust
- Bank of Western Massachusetts
- Maine Bank & Trust
- LNR Property Holdings Ltd
- PMI Guaranty Co.
- Wells Fargo South Central N.A.
- Bank of America (California) N.A.
- CapitalSource Inc.
- Lehman Brothers Bank FSB
- Agribank FCB
- PMI Insurance Co.
- Marshall & Ilsley Corp.
- Lehman Brothers Commodity Services
- Bank of America Rhode Island N.A.
- First Niagara Financial Group Inc.
- Wilmington Trust N.A.
- Royal Bank of Scotland PLC (Connecticut Branch) (The)
- RBC Capital Markets LLC
- AmSouth Bancorp.
- Bank One Corp.
- BOK Financial Corp.
- Bank of Hawaii Corp.
- Bank of New York Mellon Corp.
- Bank of North Dakota
- BankAmerica Corp. (Old)
- Deutsche Bank Trust Corp.
- Barnett Banks Inc.
- Boatmen's Bancshares Inc.
- CIT Group Inc.
- Comerica Inc.
- Commerce Bancshares Inc.
- Continental Bank Corp. Inc.
- CoreStates Capital Corp.
- Downey S&L Assn.
- Regions Financial Corp.
- U.S. Bancorp (The)
- First Commerce Corp.
- First Financial Bank FSB, Stevens Point,WI
- BancWest Corp.
- National City Bank Kentucky
- First Security Corp.
- Wachovia Corporation
- BMO Bankcorp Inc.
- MGIC Investment Corp. (Unsolicited Ratings)
- Banc One Wisconsin Corp.
- HSBC USA Inc.
- M&I LLC
- Mercantile Bankshares Corp.
- Bank of America Corp.
- National City Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- PNC Funding Corp.
- Private Export Funding Corp.
- Republic New York Corp.
- Security Pacific Corp.
- State Street Corp.
- UMB Financial Corp.
- U.S. Bancorp (Old)
- SunTrust Bank Holding Co.
- Banc One Arizona Corp.
- Washington Mutual Bank, Seattle
- WFC Holdings Corp.
- Zions Bancorporation
- AmSouth Bank, Birmingham, AL
- ANZ (DE) Inc.
- Deutsche Bank Trust Co. Americas
- Natexis U.S. Finance Corp.
- BNP U.S. Finance Corp.
- BBVA Compass Bancshares, Inc.
- Citibank N.A.
- Commerce Bank N.A.
- Countrywide Home Loans Inc.
- Dresdner U.S. Finance Inc.
- First American National Bank, Nashville, TN
- Banc One Financial Corp.
- First Interstate Bank of Nevada, Las Vegas
- BankBoston N.A.
- Citibank (West) FSB
- First Horizon National Corp.
- First Union National Bank of Florida, Jacksonville
- Fleet National Bank
- GE Mortgage Insurance Corp. of NC
- Genworth Mortgage Insurance Corp.
- Government Development Bank for Puerto Rico
- Hibernia Corp.
- Huntington Bancshares Inc.
- HSBC Bank USA N.A.
- Michigan National Corp.
- National Australia Funding (DE) Inc.
- National City Credit Corp.
- Old Kent Financial Corp.
- BNP Paribas Finance Inc.
- PNC Bank, National Association
- PMI Mortgage Insurance Co.
- Republic Mortgage Insurance Co. (Unsolicited Ratings)
- Riggs National Corp.
- Societe Generale N.A. Inc.
- SouthTrust Corp.
- Chase Bank of Texas
- Toronto-Dominion Holdings USA Inc.
- U.S. Central Federal Credit Union
- Verex Assurance Inc.
- MUFG Union Bank, N.A.
- Riggs Bank, N.A.
- American National Bank & Trust Co., of Chicago, IL
- Wells Fargo Bank Northwest NA
- U.S. Bancorp
- Wells Fargo Bank of Arizona, N.A.
- Wilmington Trust Co. DE
- First Tennessee Bank N.A. Memphis
- Fifth Third Bank Michigan
- BMO Harris Bank National Assn.
- Fifth Third Bank, Cincinnati, OH
- Synovus Bank
- Wells Fargo Bank N.A.
- Regions Bank
- Compass Bank
- Sunwest Bank of Albuquerque N.A.
- Manufacturers & Traders Trust Co.
- LaSalle Bank N.A.
- SunTrust Bank, Central Florida N.A., Orlando
- Fort Wayne National Bank, Fort Wayne, IN
- Bank South N.A., Atlanta, GA
- National City Bank, Cleveland, OH
- Comerica Bank
- Zions First National Bank, Salt Lake City, UT
- BOKF N.A.
- Wells Fargo Bank (Texas) N.A.
- Bank of Hawaii, Honolulu
- BNL U.S. Corp.
- BNZ N.A. Inc.
- CCB Financial Corp.
- Citibank (South Dakota) N.A. Sioux Falls
- NationsBank, N.A. (South)., Atlanta Ga
- Compagnie Bancaire USA Finance Corp.
- Credit Agricole U.S. Inc.
- Calyon North America Inc.
- Fifth Third Bancorp
- First Fidelity Inc.
- First Interstate Bank of Oregon N.A., Portland
- First Security Bank of Idaho, N.A.
- First Virginia Bank, Falls Church
- Huntington National Bank
- Bank One Wisconsin
- Midlantic Bank, N.A., Newark, N.J.
- Bank of Tokyo-Mitsubishi UFJ Ltd. (New York Branch)
- Bank of America N.A.
- SBNSW (DE) Inc.
- KeyBank N.A.
- BB&T Corp.
- Citizens Bank New Hampshire
- Centerline Capital Group
- Clayton Holdings Inc.
- BankBoston Corp.
- Central Fidelity Banks Inc.
- Citicorp
- Allfirst Financial Inc.
- Fremont General Corp.
- Mercantile Bancorporation Inc.
- Meridian Bancorp Inc.
- Summit Bancorp
- CoreStates Financial Corp.
- Wachovia Bank of Georgia N.A., Atlanta
- J.P. Morgan & Co. Inc.
- First Union Corp. of Virginia
- Bank of America NW, N.A.
- Mark Twain Bancshares Inc.
- Imperial Bank
- Massachusetts Development Finance Agency
- Nellie Mae Corp.

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