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2Q Results

Regions' Loans Improve As Bank Cites Settlement Talks

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Regions Financial's earnings report addressed an array of concerns, including worrisome loan books, legal troubles with regulators and even exposure to the oil spill ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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