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By Jeff Horwitz
JUL 22, 2010 7:20pm ET

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SunTrust 2Q Results Surprise Street

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SunTrust Banks Inc. surprised analysts Thursday by reporting a $56 million, 11-cents-a-share loss, far better than its $229 million loss a quarter earlier.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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17th Annual Best Practices in Retail Financial Services Symposium
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Omni Mandalay Hotel at Las Colinas, Dallas (Irving), TX
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