SunTrust Banks Inc. swung to a fourth-quarter loss as credit quality continued to deteriorate and credit-related expenses again rose and the company slashed its dividend another 84% amid the uncertain economic climate.

Regional banks have suffered during the credit crunch on their considerable exposure to construction and commercial real-estate loans, as well as their longer exposure to the deteriorating housing market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.