Regions Financial Corp. (RF) said Tuesday that its Board of Directors has authorized an equity repurchase program for up to $350 million of the company's common stock.
The company noted that the share repurchase authorization is a part of the company's capital plan that was not objected to by the Federal Reserve as part of its 2013 Comprehensive Capital Analysis and Review.
The authority granted under the repurchase program expires on March 31, 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.