Regions Financial Corp. swung to a fourth-quarter loss as it took a $6 billion goodwill writedown and sharply raised loan-loss provisions, although non-performing assets fell slightly amid the continuing disposal of problem assets.

"Although we're encouraged by steps the government has taken to stabilize the housing market and revitalize the economy, there is no quick fix for credit-quality issues currently plaguing the financial-services industry," said Chairman and Chief Executive Dowd Ritter.

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