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Alabama Reopens And COVID-19 Cases Soar 300 Pct Month Over Month

PYMNTS

After Alabama reopened on May 1, the state has seen coronavirus cases surge by 300 percent month over month, with intensive care units (ICUs) at less than 4 percent capacity remaining and medical workers “exhausted physically and mentally,” Montgomery Mayor Steven Reed said on CNBC. He said he was in conversation with Gov.

Alabama 344
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Credit, check fraud costs weigh on Regions' earnings

American Banker

The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.

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How Regions Bank unwittingly invited a surge in check fraud

American Banker

The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. "We We opened the door too wide, bad people came rushing in, and we didn't close the door timely enough," Regions' CFO said.

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Regions to pay $3 million in steeper-than-usual flood insurance penalty

American Banker

The Alabama-based regional bank didn't effectively track whether some loans complied with flood insurance regulations, according to the Fed. Regions said that it had fixed the issue by 2017.

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Regions Bank says loan demand will stay muted in first half of 2024

American Banker

The Alabama bank's executives said commercial borrowers remain cautious amid high rates and economic uncertainty. During the fourth quarter, flat lending and higher deposit costs weighed down the company's net interest income.

Alabama 81
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What post-pandemic business travel teaches us about the new normal

Accenture

Last week, I was lucky enough to spend time at the Regions Tradition golf tournament in Alabama with our good friends from Regions Bank. The event went off without a hitch and was a welcome re-entry into travel in a safe, vaccinated, face-to-face environment. The event was great—and thought-provoking for me, as it was one….

Alabama 221
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Check fraud leads to big Q3 charge at Regions Financial

American Banker

The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.

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