In Q2, the ending cash
was $2B against $118B in Deposits..

Banks should be awash in cash (the big ones are, but it's locked down), Suntrust is BLEEDING it at 50% erosion in a single quarter.

I actually thought Friday might be "The Day" for Suntrust, but I don't think Ms. Bair has the money to swallow one that size right now. There are worse smaller Banks by the ton, she seems to be "saving" them by selling them off to mid-sized outfits & taking the hit for the downside for the moment.

Income (Qtrly shows STI has lost $1B YTD by Q2..):
http://www.quote.com/us/stocks/financials.action?sym=STI&page=incst&period=q

Balance Sheet (SCARY Stuff in Q2 vs Q1 Cash). Looks like they
issued/sold $2B in stock in the last Qtr (Add'l Paid in Capital) and
paid off $1B Preferred. They also reduced Performing Loans by $4B and paid down debt similarly (maturing notes, perhaps?). Of all the oddities, the CASH position is the most insane:

http://www.quote.com/us/stocks/financials.action?sym=STI&page=bash&period=q

EOQ3 just a few days out now - national "pundits" already warning of its results, but money is steadily pouring into the stock markets in a reverse of the trend of just a week ago. This might be the first year Q3 takes priority over Q2 in the financial world.