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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities      
Net income/(loss) $ (16,295) $ 142,630 $ 61,603
Adjustments to reconcile net income/(loss) to net cash provided/(used) by operating activities:      
Provision for loan losses 78,000 44,000 270,000
Provision/(benefit) for deferred income tax (70,266) 36,035 233,513
Depreciation and amortization of premises and equipment 35,028 34,624 31,121
Amortization of intangible assets 3,910 4,380 5,526
Net other amortization and accretion 79,034 50,317 45,853
Net (increase)/decrease in derivatives (8,847) 5,145 1,007
Market value adjustment on mortgage servicing rights 5,075 41,260 31,146
Repurchase and foreclosure provision 299,256 159,590 189,830
Fair value adjustment to foreclosed real estate 9,422 18,358 18,097
Goodwill impairment 0 10,100 3,348
Litigation and regulatory matters 33,313 41,279 2,398
(Gain)/losses on divestitures (485) (10,143) [1] 0
Stock-based compensation expense 16,201 14,173 11,987
Tax benefit reversals stock-based compensation plans 4,140 5,771 5,577
Equity securities (gains)/losses, net (365) (35,392) (10,548)
Debt securities gains, net (328) (772) (374)
Gains on extinguishment of debt 0 (5,761) (17,060)
Net (gain)/losses on sale/disposal of fixed assets (2,540) 1,581 3,015
Net (increase)/decrease in:      
Trading securities (283,239) (226,361) (85,408)
Loans held-for-sale 11,960 (38,608) 77,212
Capital markets receivables (138,906) (18,896) 188,313
Interest receivable 6,007 5,449 8,576
Mortgage servicing rights - bulk sales 0 0 24,558
Other assets 188,423 (19,964) 1,258
Net increase/(decrease) in:      
Capital markets payables 131,742 99,202 (227,469)
Interest payable (2,386) (7,945) (6,741)
Other liabilities (223,446) (291,444) (166,797)
Trading liabilities 217,144 (14,635) 68,533
Total adjustments 387,847 (98,657) 706,471
Net cash provided/(used) by operating activities 371,552 43,973 768,074
Available-for-sale securities:      
Sales 47,536 495,095 528,767
Maturities 1,085,524 810,833 1,064,905
Purchases (1,157,906) (1,276,125) (1,954,858)
Premises and equipment:      
Sales 7,354 0 0
Purchases (21,862) (35,408) (42,631)
Net (increase)/decrease in:      
Loans (489,308) 75,350 993,700
Interests retained from securitizations classified as trading securities 8,736 7,894 10,783
Interest-bearing cash 99,483 64,883 21,561
Cash receipts related to divestitures 5,278 24,467 0
Net cash provided/(used) by investing activities (415,165) 166,989 622,227
Common stock:      
Stock options exercised 144 0 93
Cash dividends paid (10,066) (7,944) 0
Repurchase of shares (133,757) [2] (45,111) [2] (1,345)
Issuance of common shares 0 0 263,103
Repurchase of common stock warrant-CPP 0 (79,700) 0
Tax benefit reversals stock-based compensation plans (4,140) (5,771) (5,577)
Repayment of preferred equity - CPP 0 0 (866,540)
Cash dividends paid - preferred stock - CPP 0 0 (47,780)
Cash dividends paid-preferred stock-noncontrolling interest (11,406) (11,375) (11,406)
Term borrowings:      
Issuance 2,699 15,301 496,345
Payments/maturities (234,209) (695,936) (288,260)
Increases in restricted term borrowings 7,595 10,318 8,537
Net cash paid for extinguishment of debt 0 (100,000) (87,840)
Net increase/(decrease) in:      
Deposits 416,700 1,004,778 341,016
Short-term borrowings 288,060 (236,041) (1,340,468)
Net cash provided/(used) by financing activities 321,620 (151,481) (1,540,122)
Net increase/(decrease) in cash and cash equivalents 278,007 59,481 (149,821)
Cash and cash equivalents at beginning of period 828,255 768,774 918,595
Cash and cash equivalents at end of period 1,106,262 828,255 768,774
Supplemental Disclosures      
Total interest paid 111,033 138,925 155,943
Total taxes paid 33,112 16,399 2,100
Total taxes refunded 169,396 81,235 77,736
Transfer from loans to other real estate owned $ 33,558 $ 63,932 $ 180,506
[1] Net of tax, gains on divestitures are $9.9 million for 2011.
[2] 2012 and 2011 include $131.0 million and $44.0 million respectively, repurchased under the share repurchase program launched in fourth quarter 2011.