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Tag Archives: Grayson Hall

Regions creates General Bank, Corporate Bank

BIRMINGHAM, Ala. — Regions Financial Corp. (NYSE:RF) has realigned its business units and geographical leadership, creating a General Bank, which consists of the businesses that serve retail, wealth management, and small business customers, and a Corporate Bank, which consists of the businesses that serve middle-market and larger commercial clients. John Owen, head of business lines, has been named head of ...

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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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Regions: Morgan Keegan sale lowers bank's ‘overall risk profile’

Regions Bank – Mississippi’s market leader — won’t be making a big payment to the Troubled Asset Relief Program, or TARP, with the $1.18 billion it is to gain through the pending sale of the Morgan Keegan investment brokerage. But the liquidity that the Birmingham bank’s holding company, Regions Financial, will gain from the sale of Morgan Keegan to Raymond ...

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Regions sets debit card fees in bid to offset revenue losses

In a soon-to-arrive consequence of the Dodd Frank Wall Street Reform and Consumer Protection Act, Regions Bank in mid-October will begin charging customers in Mississippi and elsewhere a $4 monthly fee for debit card use. The financial services sector has been predicting for the past year that Dodd Frank’s mandated cut in swipe card fees paid to a debit card’s ...

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National bankers group encouraged by bid to quash debit-fee cap

By Ted Carter The American Bankers Association says legislation introduced in the Senate Tuesday gives it hope that banks can avoid a pending cut in the fees they receive from merchants on debit card transactions. The so-called Durbin amendment, named after sponsor Sen. Dick Durbin of Illinois, mandates the Federal Reserve’s Board of Governors put a cap on the fees ...

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Regions’ loan repair efforts contribute to losses for Q3

BIRMINGHAM, Ala. — Earnings blues continued for Regions Financial Corp. as the parent of Regions Bank reported another quarter of losses last week. The $133 billion regional banking company attributed the losses of 17 cents a diluted share largely to disposal of $1 billion in troubled assets and efforts to keep risks off the balance sheet. The bank had net ...

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Delay could cost Regions more money

Resolving complaints on Morgan Keegan troubles already has $2B price tag If time is money, Birmingham-based Regions Bank is all but guaranteed to see a rising price tag for resolving federal and state complaints that misleading advice from subsidiary Morgan Keegan caused investors to lose about $2 billion. By the end of the second quarter, Regions had placed its expected ...

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