Tag Archives: Regions Financial Corp.

Regions’ earnings beat estimates as net interest margin widens

January 22, 2013

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Regions Financial (RF) reported fourth-quarter earnings that beat analysts’ estimates as its net interest margin, a gauge of lending profitability, widened, Bloomberg reports. Net income was $265 million, or 18 cents a share, compared with a loss of $548 million, or 48 cents, a year earlier, when the lender posted a non-cash charge tied to […]

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Regions contracts with PrimeVest for wealth management services

November 15, 2012

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Birmingham, Ala.-based Regions Bank has contracted PrimeVest Financial Services to provide investment and financial advisory services to customers in the 16 states in which it does business, the bank said Thursday. The agreement with PrimeVest will help the Regions, Mississippi’s market leader in retail banking, fill the service gap that was left after it sold […]

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Regions puts $3.5 billion TARP debt behind it

April 4, 2012

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Just days after closing its sale of investment brokerage Morgan Keegan & Co. to Raymond James, Regions Financial Corp. has paid its $3.5 billion Troubled Asset Relief Program, or TARP, debt. Regions, Mississippi’s market leader in retail banking, said in a press statement Wednesday that it repurchased $3.5 billion of Series A Preferred Stock issued […]

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Regions notes prospect of $300M in new legal losses

August 28, 2011

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Birmingham-based Regions Financial Corp. says it could incur legal losses of up to $300 million on top of the $210 million it paid to settle fraud claims against investment brokerage subsidiary Morgan Keegan by Mississippi and other Southeastern states. In its second quarter 10-Q filing with the U.S. Securities & Exchange Commission earlier this month, […]

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