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Tag Archives: Regions Financial

Regions closes Morgan Keegan sale to Raymond James

Regions Financial Corp. has completed its sale of Morgan Keegan & Co. Inc. and related affiliates to Raymond James Financial Inc. for about $1.2 billion. Regions’ trust and institutional investment management businesses are not included in the sale and will operate within Regions’ Wealth Management organization. Regions President &d CEO Grayson Hall said the sale fits Regions’ plan to expand ...

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Regions selling $900 million in stock to help repay TARP

Regions Financial Corp. is setting the stage for repaying $3.5 billion in Troubled Asset Relief Program, or TARP, money it owes the U.S. Treasury. The Birmingham-based bank, which holds the leading market share for banks in Mississippi, Tuesday announced a $900 million common stock offering to raise money to buy back the $3.5 million Series A Preferred Stock issued to ...

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Customer ‘feedback’ leads Regions, SunTrust, Wells Fargo to end debit card fees

Regions Bank and SunTrust customers in Mississippi and elsewhere can say goodbye to the monthly debit card fees the banks assessed for using the card for making purchases. The Birmingham-based Regions, which holds the largest bank market share in Mississippi, followed SunTrust, Wells Fargo and Chase Bank in pulling the plug on the fees. Regions early Monday afternoon said it ...

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TARP pressure behind Regions putting Morgan Keegan up for sale

By Ted Carter You can toss out public relations as a reason Regions Financial, parent of Regions Bank, wants to get rid of wayward brokerage and investment banking subsidiary Morgan Keegan. It comes down to money – specifically the $3.5 billion the Birmingham-based Regions still owes the U.S. Treasury’s Troubled Asset Relief program, analysts say. J.P. Morgan analyst Vivek Juneja, ...

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