Morgan Stanley swings to loss after TARP payback

Date: Wednesday, July 22, 2009

MORGAN STANLEY SWINGS TO LOSS AFTER TARP PAYBACK
Morgan Stanley swings to a loss in the second quarter, in light of a
payback of TARP funds and losses asociated with Morgan's own debt
securities.

WELLS FARGO SHARES PRESSURED BY HIGHER CHARGE-OFFS

Shares of Wells Fargo & Co. were under pressure early
Wednesday after the bank reported second-quarter profit that topped
expectations but investors worried about deterioration in the
company's loan portfolio.

BANK OF NEW YORK'S QUARTERLY PROFIT FALLS 43%

Bank of New York Mellon's second-quarter profit falls 43% as credit
provisions soar from year-ago levels and investment losses remain
high, financial results
show.

U.S. BANCORP PROFIT HALVED BY CREDIT WOES

U.S. Bancorp's second-quarter profit slid 50% and credit quality
worsened, but results topped expectations as President and Chief
Executive Richard Davis called the company's "core earnings strength
during a period of unsurpassed challenges and economic stress" for the
industry.

KEYCORP LOSS NARROWS, BUT CREDIT PROVISION RISES

KeyCorp's second-quarter loss narrowed on a
year-earlier charge as the regional bank again boosted its loan-loss
provisions and results missed expectations.