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Tag Archives: Federal Reserve

Regions increases dividend, authorizes repurchase program

BIRMINGHAM, Ala. — The Regions Financial Corporation (NYSE:RF) board of directors has declared a quarterly cash dividend of $0.05 per common share and authorized an equity repurchase program for up to $350 million of the company’s common stock. Both actions were previously announced on March 26 following the Federal Reserve’s indication to Regions that it did not object to the ...

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Federal Reserve gives nod to Regions' capital plan

BIRMINGHAM, Ala. — The Federal Reserve has indicated to Regions Financial Corporation that it does not object to the company’s capital plan and proposed capital actions covering the period from April 1, 2014, to March 31, 2015. The capital plan was submitted to the Federal Reserve on Jan. 6, as part of the Comprehensive Capital Analysis and Review (CCAR). Actions ...

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Extension Service offering financial literacy workshop

One of the needs many point to in Mississippi to improve quality of life here in the state in financial literacy, and a program offered through the Mississippi State University Extension Service is looking to address that issue. Extension is offering its Dollars and Sense 2013: Financial Education for the Classroom workshop to anyone who teaches financial education in the ...

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Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 billion a month in bonds ...

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What next for banks after failed debit fee experiment?

Dead in a near blink of an eye. That’s how history will chronicle the big idea banks had for ginning up revenue through a monthly fee to customers for debit-card transactions. Perhaps you can blame awful timing. Parks in cities across the nation began filling up with protests against Wall Street and the banking system at about the same time ...

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Fed districts report ‘modest’, ‘subdued’ economic activity for Mississippi regions

Overall lending at a sample of large banks increased modestly through August within the Federal Reserve’s St. Louis District, which includes northern Mississippi, reports the Fed’s Beige Book, a tracking of economic activity released by each of the 12 Fed district s on Sept. 7. The new report details economic activity for the three-month period ending in August. >>> SEE ...

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‘Modest’, ‘subdued’ economic activity for Mississippi regions

Overall lending at a sample of large banks increased modestly through August within the Federal Reserve’s St. Louis District, which includes northern Mississippi, reports the Fed’s Beige Book, a tracking of economic activity released by each of the 12 Fed district s on Sept. 7. The new report details economic activity for the three-month period ending in August. The Atlanta ...

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Fed greenlights Cadence acquisition; March 1 closing set

By Ted Carter Having gained Federal Reserve approval Tuesday, Starkville-based Cadence Financial Corp. says it expects its acquisition by Community Bancorp LLC to be completed by March 1. The Fed approval marked the last regulatory hurdle for the takeover of Cadence, said John Boydston, director of marketing. “This completes all of the regulatory requirements for us to pursue closing of ...

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