Source Pravda.Ru

Huntington Bancshares Inc stock drops 10 percent

By Margarita Snegireva. Shares of Huntington Bancshares Inc plunged Thursday after the U.S. Midwest regional bank projected a fourth-quarter loss of $239 million, blaming a troubling brew of mortgage losses, write-downs and a long list of other charges.

Huntington Bancshares Inc. is a $53 billion Midwestern bank holding company headquartered in Columbus, Ohio. It is the 24th largest American bank.

The company's banking affiliate, Huntington National Bank, provides retail and commercial financial services in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. Huntington also provides retail services online. There also are selected financial service activities in other states, including offices in Arizona, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

On December 20, 2006, Huntington Bancshares announced they would buy Sky Financial Group Inc. based out of Bowling Green, Ohio. This merger was completed on July 1, 2007, although Sky branches did not change their branding until late September.

Comments
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
The Big Brexit mistake
The Big Brexit mistake
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Iran responds to Trump's threats against Teheran
Now it's Law: Israel is not a Democracy
Iran responds to Trump's threats against Teheran
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform