Equity Research on SunTrust Banks Inc. and Citigroup Inc. - Money Center Banks Sector Struggles With the Internet

NEW YORK , NY -- (Marketwire) -- 06/30/11 -- www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Money Center Banks industry and are offering free analytical research on SunTrust Banks Inc. (NYSE: STI) and Citigroup Inc. (NYSE: C). Register with us today at http://www.shinesrooms.com/index.php?_controller=RegisterMember&_method=index.com to have free access to these research reports.

The financial sector has fallen under severe scrutiny for its reckless and often unethical practices during the crisis that ignited the global recession. Lately it appears the sector deserves further scrutiny for its incompetency in managing its online operations. Get your free reports on SunTrust Banks Inc. and Citigroup Inc. at http://www.shinesrooms.com/index.php?_controller=RegisterMember&_method=index. There is no commitment to join.

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Citigroup Inc. is probably the largest name in the news for technical missteps. The total number of its credit card customers thought to have had their account information jeopardized by last month's hacking has grown to 360,000 from the 1% or 200,000 it initially announced. The company waited several weeks to notify some customers their accounts had been hacked. The situation has started discussions about stiffer regulations surrounding the data practices of financial institutions. Citigroup Inc. report is accessible for free by registering today at http://www.shinesrooms.com/citigroup300611.pdf.

Elsewhere in the sector, SunTrust Banks Inc. also displayed some technical ineptitude when many of its customers unwittingly paid bills twice during recent online transactions. SunTrust said the glitch affected both automatic and client initiated transactions online. The bank has pledged to correct all improper dealings and cover the fees that may have been incurred. SunTrust Banks Inc. report is accessible for free by registering today at http://www.shinesrooms.com/suntrustbanksinc300611.pdf.

While in both of these cases the total amount of customers affected was quite a small proportion of total clients, the blunders are not doing much to inspire confidence in a sector that is already lacking much positive sentiment.

The two Money Center Banks stocks research reports are available for free by signing up now on www.shinesrooms.com.

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