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) -- On a rough day for bank stocks, SunTrust was the loser among large banking names, with shares sliding over 3% to close at $27.89.

The broad indexes were down slightly, as investors reacted to Fitch's downgrading of

Greece's sovereign debt

to "B+," which translates to "lousy," and

gold and silver prices rebounded



KBW Bank Index


declined 2% to 49.69, with all 24 index components down for the session, save

First Niagara Financial Group


, which saw its shares climb 1% to close at $14.23.


(BBT) - Get BB&T Corporation Report

was down 3% to close at $26.55.

SNL Financial reported that among the rumors discussed at the Gulf South Bank Conference, were the possible purchase by BB&T of

Royal Bank of Canada's

(RY) - Get Royal Bank of Canada Report

U.S. banking subsidiary. Other rumors discussed at the conference included possible sales by


(BXS) - Get BancorpSouth Bank Report


Regions Financial

(RF) - Get Regions Financial Corporation Report


Large bank stocks seeing 2% declines Friday included

Bank of New York Mellon

(BK) - Get Bank of New York Mellon Corporation Report

, which closed at $28.19;

Huntington Bancshares

TheStreet Recommends

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

, at $6.37;

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

, at $49.13;


(KEY) - Get KeyCorp (KEY) Report

, at $8.40;

PNC Financial Services

(PNC) - Get PNC Financial Services Group, Inc. Report

, at $61.67; Regions, at $6.95;

U.S. Bancorp

(USB) - Get U.S. Bancorp Report

, at $25.20; and

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

, which closed at $28.00.


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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.