RF
Regions Financial CorporationNYSE
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  • Oct. 2, 2015, 11:33 AM
    • The long-awaited regulatory approval of the M&T Bank's purchase of Hudson City Bancorp, and the relatively quick green light for BB&T's acquisition of Susquehanna Bancshares has lifted M&A animal spirits in the regional bank sector.
    • Another possible buyer could be Regions Financial (NYSE:RF) - its done well on its annual stress tests, and has expressed a willingness to look into deals. There's also Memphis-based First Horizon National (NYSE:FHN), though at least one activist believes the bank is more target than hunter.
    • Possible sellers include First Niagara Financial (NASDAQ:FNFG), which has already put itself on the block.
    • A target for BBT or Regions might be Georgia's Synovus Financial (NYSE:SNV), with $27B in assets, and an activist investor pushing for a sale.
    • Another target might be Astoria Financial (NYSE:AF), with $15.3B in assets, and a neighbor in New York Community Bancorp (NYSE:NYCB) which might be on the hunt for acquisitions.
    | Oct. 2, 2015, 11:33 AM | 8 Comments
  • Jan. 12, 2012, 1:21 PM

    Raymond James (RJF -3.9%) is off sharply following its agreement to purchase Morgan Keegan from Regions Financial (RF -3%), but Steve Stemach calls the deal an "inside-the-park home run." Taking advantage of Regions' need to raise money to pay back its TARP loan, RJF beefed up its wealth management operation at the right price, he says.

    | Jan. 12, 2012, 1:21 PM
  • Jan. 11, 2012, 4:51 PM

    Regions Financial (RF) agrees to sell Morgan Keegan to Raymond James (RJF) for $930M. RJF -0.5%, RF -0.8% AH.

    | Jan. 11, 2012, 4:51 PM
  • Jan. 11, 2012, 7:41 AM

    Raymond James (RJF) is close to an agreement to buy Regions Financial's (RF) Morgan Keegan brokerage unit for about $930M, according to sources. (previous)

    | Jan. 11, 2012, 7:41 AM
  • Jan. 10, 2012, 12:55 PM
    Raymond James Financial (RJF +2.6%) moves up again today on continued speculation the company is near a deal to buy Morgan Keegan from Regions Financial Corp (RF +3.3%).
    | Jan. 10, 2012, 12:55 PM
  • Jan. 3, 2012, 12:20 PM
    Regions Financial (RF +0.6%) reportedly terminates talks to sell its Morgan Keegan brokerage to Stifel Financial (SF +4.1%), failing to reach agreement over the terms of a contract. Regions also has been in talks with Raymond James (RJF +3.5%).
    | Jan. 3, 2012, 12:20 PM
  • Dec. 21, 2011, 5:16 PM
    Raymond James (RJF) drops slightly AH following a Bloomberg report stating the company has resumed talks to acquire Regions Financial's (RF) Morgan Keegan division. Stifel Financial (SF) is also interested in the business.
    | Dec. 21, 2011, 5:16 PM
  • Dec. 21, 2011, 3:00 PM

    Bank of America (BAC -0.3%) conducts yet another asset sale: Its FIA Card Services division is unloading a $700M credit-card loan portfolio to U.S. Bancorp's (USB +1.1%) Elan Financial unit. The move comes 6 months after FIA sold a $1B portfolio to Regions Financial (RF).

    | Dec. 21, 2011, 3:00 PM | 1 Comment
  • Nov. 17, 2011, 4:36 AM
    Stifel Financial (SF) strengthens its lead in the race to buy Morgan Keegan, entering exclusive negotiations with parent company Regions Financial (RF), Bloomberg reports. The latest talks for the brokerage, whose book value is $1.5B, come after Regions dropped discussions with two P-E consortia.
    | Nov. 17, 2011, 4:36 AM
  • Nov. 10, 2011, 9:29 AM
    Regions Financial (RF) resumes talks with Stifel Financial (SF) over a sale of its Morgan Keegan unit, according to sources. The company came back to Stifel after offers from p-e firms underwhelmed. A Morgan-Stifel pairing would create a salesforce of close to 3K financial advisers.
    | Nov. 10, 2011, 9:29 AM
  • Nov. 4, 2011, 9:53 AM
    The collapse of MF Global may be jeopardizing the deal to buy Regions Financials' (RF) Morgan Keegan brokerage unit. Buyout firms reportedly lowered bids by at least $200M after financing markets deteriorated and MF Global filed for bankruptcy. Regions is among the biggest U.S. banks that have yet to repay TARP money, and a sale is seen as a key toward repayment.
    | Nov. 4, 2011, 9:53 AM
  • Oct. 11, 2011, 3:33 AM
    A consortium including Blackstone (BX) and Carlyle is among the finalists to buy Regions Financial's (RF) Morgan Keegan brokerage and investment banking unit, which has a book value of $1.5B, Reuters reports. However, a deal is far from certain, partly due to tight debt markets.
    | Oct. 11, 2011, 3:33 AM
  • Jul. 25, 2011, 8:15 AM
    Regions Financial (RF) is expected to today receive offers from Blackstone (BX), Stifel Financial (SF), Apollo (APO) and other P-E firms for its Morgan Keegan brokerage unit, sources say. Morgan Keegan has a book value of about $1.5B.
    | Jul. 25, 2011, 8:15 AM