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Regions Announces Second Quarter Drop of 55%
With the recent announcement of troubles with Wachovia, things aren't going well for Regions Financial Corporation, either.
Big banks report big drops in profit
Several big banks in Middle Tennessee reported dismal earnings results late Monday or early Tuesday, although in some cases, the financial hit wasn't as bad as expected and the stock market was enthusiastic ...
Continue reading "Charlotte-based Wachovia Corp. reports record loss, will cut more than 6,000 jobs"
Wachovia Corp ., the Charlotte bank with a major presence in Birmingham, today reported a record quarterly loss of $8.9 billion, slashed its dividend and announced 6,350 job cuts.
Regions Financial lead financials lower at open
Shares of Regions Financial Corp. dropped over 20% Tuesday in early action, leading the way down for bank stocks as they tumbled into the red after regional banks reported worse-than-expected quarterly earnings ...
Regions recruits former community bank market presidents to beef up management
In the past three months, Regions Financial Corp. has pulled off a bit of a coup, luring market presidents at two community banks back into the large, regional bank environment.
Bank shares tumble; First Horizon down 25%
Shares of First Horizon National Corp. closed the day down about 25 percent following reports by multiple financial institutions that sent jitters through the markets.
Regions Financial boosted by finance sector earnings
Regions Financial shares are trading higher today with other financial stocks after a slew of positive financial earnings.
Regions bad year swamps high hopes born in AmSouth merger
The past few months haven't been kind to Regions Financial Corp., which expected 2008 to be the year its combination with crosstown rival AmSouth Bancorp really began paying dividends.
Jordan to replace Baker as First Horizon CEO
First Horizon National Corp. president and CEO Gerald Baker is resigning effective Aug.
Linginfelter aiming to grow Regions Bank
Bill Linginfelter sits in a small, windowless, temporary office at Regions Financial Corp.'s North Georgia headquarters.
Manufacturers raising prices to offset rising costs
BIRMINGHAM -- Many manu facturers have been forced to raise prices and cut back on investment as the costs of raw materials reach heights not seen in years.
Regions facing another huge housing default in Florida
Regions Financial Corp., the largest bank based in Alabama, is facing a $23 million loan default related to a Florida condo development.
Rally Fizzles and Investment Banks Tumble, Along with GSEs
A rally in banking stocks proved short-lived Wednesday with investors remaining skittish ahead of the release of earnings reports.
The Law Firm of Avelino & Associates Announces the Filing of An...
The law firms of Avelino & Associates, P.C. and Napoli Bern Ripka, LLP, announced today that the firms have filed another arbitration claim with FINRA against Morgan Keegan and Regions Financial Corp.
SunTrust, Regions and First Horizon shares fall to 52-week lows
Shares of SunTrust Banks Inc., First Horizon National Corp. and Regions Financial Corp.
Jeffco sewer crisis adviser Porter, White & Co. released after plans not embraced
Porter, White & Co., longtime adviser to area governments, is going from troubleshooter in the nation's largest public finance crisis to mere spectator.
SNL Financial: Southeast bank CEOs made big bank in '07
A study published Wednesday by SNL Financial shows bank CEO compensation rose in 2007 even as banks' returns fell, with Southeast bank CEOs getting the biggest increases.
Continue reading "Regions Financial hires new Atlanta executive"
Regions Financial Corp. has a new top man in Atlanta. Alabama's largest banking company said today that Bill Linginfelter is the new area executive in North Georgia/Atlanta. The territory, where Regions has 111 ...
Regions reopens Prattville branch
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Regions Financial (RF): Due for a Bounce?
It's also important to note, that the regional banking group as a whole, has been extremely weak for the past several weeks.