Comerica gives TruPs the thumbs down

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Comerica gives TruPs the thumbs down

Issue: 1170 - 3 September 2010

Keywords: comerica; trust preferred; Collins amendment; Frank-Dodd; redeem

US regional bank Comerica intends to redeem in full on October 1 a $500m 6.576% trust preferred transaction because of the recent changes in US regulations which will stop the securities from being counted as regulatory capital in the future. ..

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