logo
Plus   Neg
Share
Email

Regions Financial Announces $350 Mln Stock Buyback Program

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners. Consumer Reports has once again recommended Tesla's Model 3 and Model S sedans as reliable, after the vehicles were previous downgraded by the organization. Consumer Reports said that the two sedans regained its recommendation due to improved reliability reports from owners of the cars, based on the results of its annual Auto Reliability Survey that were announced Thursday. Sears Holdings recalled about 700 units of Kenmore Elite microwave ovens for possible electrical burn hazard, a statement by the U.S. Consumer Product Safety Commission said. The company said the incorrect wiring of the microwave oven causes its exterior to reach temperatures exceeding 183 degrees fahrenheit that could result in a burn hazard to the user.
RELATED NEWS
Follow RTT
>