) --

Huntington Bancshares

(HBAN) - Get Huntington Bancshares Incorporated (HBAN) Report

was the loser among large financials Tuesday, with shares declining over 4% to close at $4.93.

The broad indexes rebounded late in the trading sessions, from earlier losses that followed a report from the Conference Board that consumer

confidence had hit its lowest level since April 2009

. The

KBW Bank Index


declined 1% to close at 39.46, with all but two of the 24 index components down for the day.

Bank of America

(BAC) - Get Bank of America Corp Report

saw its shares slide over 3% to close at $8.12.

Following word of a court filing by the

Federal Deposit Insurance Corp.

, in which the regulator

objected to Bank of America's $8.5 billion settlement

of institutional investors' mortgage putback claims involving Countrywide,

U.S. Bancorp

(USB) - Get U.S. Bancorp Report


U.S. Bank filed a mortgage putback lawsuit against Bank of America

, as trustee for a $1.75 billion securitization of Countrywide loans.

Shares of


(KEY) - Get KeyCorp (KEY) Report

declined 3% to close at $6.57.

Large banks seeing 2% declines included

Morgan Stanley

(MS) - Get Morgan Stanley (MS) Report

TheStreet Recommends

, which closed at $17.04, and

M&T Bank

(MTB) - Get M&T Bank Corporation (MTB) Report

, closing at $75.50..

Shares of

Cullen/Frost Bankers

(CFR) - Get Cullen/Frost Bankers, Inc. Report

declined 1.5% to close at $50.23.

Tuesday's winners among large U.S. banks with 1% gains were

People's United Financial

(PBCT) - Get People's United Financial, Inc. Report

, which closed at $11.53, and

Regions Financial

(RF) - Get Regions Financial Corporation Report

, which closed at $4.48.


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Written by Philip van Doorn in Jupiter, Fla.

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Philip van Doorn


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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.