SunTrust Banks Inc. (NYSE: STI) on Thursday said U.S. securities regulators have started an informal inquiry into its decision to restate financial results for the first half of this year.
The Atlanta-based company, the No. 7 U.S. bank, said in a statement that it intends to cooperate and provide information and documents to the Securities and Exchange Commission on a voluntary basis.
SunTrust on Monday put two senior finance executives on leave after uncovering accounting problems that will result in the bank restating first-half profit higher.
For this complete story, please visit SunTrust: SEC Has Started Informal Probe.
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