NEW YORK (
First Niagara Financial Group
(FNFG - Get Report) was the winner among large bank stocks Friday, with shares rising 1.5%, to close out the week at $14.40.
The broad indexes were mixed as investors reacted to continued drama over
(BRK.B) disclosures of the timing of David Sokol's discussions with CEO
Warren Buffett prior to Berkshires deal to acquire
negative research reports on technology names.
KBW Bank Index
(BKX) was down slightly to 51.53.
First Niagara CEO John Koelmel discussed the
Durbin Amendment in an exclusive interview with
TheStreet on Thursday, following a discussion on his bank's
expansion last week.
Large banks seeing shares rise 1% Friday included
(BBT - Get Report)
, which closed at $26.92;
Bank of New York Mellon
(BK - Get Report)
, closing at $28.96; and
(USB - Get Report)
, which closed at $25.82.
Friday's loser among the largest U.S. banks was
(RF - Get Report)
, with shares down 1% to close at $7.34, after Dow Jones Newswires reported Thursday that Regions subsidiary
was among several parties settling fraud charges with the
Securities and Exchange Commission
over subprime securities investments by bond funds.
Written by Philip van Doorn in Jupiter, Fla.
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