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PNC's purchase of two dozen Flagstar branches in Atlanta illustrates how the market for asset divestitures may be thawing as whole-bank transactions remain frozen.
July 27 -
Though its investigation into Morgan Keegan laid out extensive evidence that employees actively misled investors, the SEC's settlement signals the limits of current enforcement.
June 24 -
Regions Financial may still be lagging its peers in terms of credit quality and profits, but in shopping around Morgan Keegan & Co., its investment bank subsidiary, Regions appears to have the upper hand.
June 22 -
Two straight quarters in the black is not good enough for Grayson Hall, the chief executive of Regions Financial Corp., to proclaim "mission accomplished."
April 19 -
Both companies made progress cleaning up their books and retooling business lines, but they're finding weakness in asset quality and the overall recovery to be especially stubborn.
January 25 -
Though the reform bill wending its way through Congress will have little direct impact on regional banks' capital markets business, it could spur more competition from larger rivals.
June 4
And then there were two … Regions Financial Corp. has narrowed the bidders for its Morgan Keegan securities unit down to two, The Financial Times
It has been a long few months for Morgan Keegan and its owner. Regions announced in June that it planned to sell Morgan Keegan and that the unit had agreed to a $200 million settlement with regulators related to issues concerning certain mutual funds and closed-end funds.
