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The biggest bank merger in 10 years makes a lot of sense at the top levels, but some advisors may find their new home restrictive, an observer says.
February 7 -
House Financial Services Chairwoman Maxine Waters said the merger is a direct result of a regulatory relief bill that was signed into law in May.
February 7 -
The stars aligned for the two longtime rivals to join forces, and some observers speculate that other regional banks will need to strike similar partnerships if they hope to remain competitive. But others say such deals are rare because they're hard to pull off.
February 7 -
The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.
February 7 -
The firm allegedly encouraged clients to use an affiliated investment advisor, and benefitted from the fees it charged them.
September 10 -
Since early May, the wirehouse has lost at least 27 advisors managing a combined $15 billion.
June 28 -
The bank’s financial advisors and licensed bankers will continue to offer insurance services through the many insurance carriers Regions works with.
April 25 -
While the S&P 500 has risen or fallen by more than 2% six times this year, it swung by twice that amount nine times in October 2008.
March 28 -
The rep used his own money to pay the customer the interest she expected on a brokered certificate of deposit.
December 27 -
The bank's retail brokerage business sold customers shares in mutual funds with front- or back-end sales charges when they were eligible for Class A shares that waived the upfront sales load, FINRA claimed.
December 6