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By Paul Davis
JAN 28, 2010 8:31pm ET

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Synovus to Complete Charter Melding, Reports Quarterly Losses

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Synovus Financial Corp. said Thursday that it plans to consolidate to a single charter by midyear, punctuating the demise of its one-time signature business model.

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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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