Daily News: December 26, 2012

WSJ: Regions Financial Under Scrutiny


The Wall Street Journal reported, citing depositions filed as part of a civil lawsuit against the bank, that federal agencies are examining allegations that Regions Financial improperly classified loans that went bad during the financial crisis.

The new government inquiries about Regions include subpoenas from the U.S. Securities and Exchange Commission, Regions CFO David Turner said in a July 20 deposition, the Journal notes.

To read the full Wall Street Journal article, click here.