A Thursday article,"SEC Review of SunTrust Sends Warning on Loan-Loss Reserves" (page 1), misstated Sanford C. Bernstein analyst Moshe Orenbuch's assessment of SunTrust's loan-loss reserve policies. Mr. Orenbuch said that SunTrust has consistently added to its loan-loss reserves in good economic times. Those reserves can be drawn down when losses materialize on loans on SunTrust's books today.
Access to authoritative analysis and perspective and our data-driven report series.
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In