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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.

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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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Lower costs, improved credit quality bolster Regions' profits

American Banker

The Alabama-based bank also said that its outlook for net interest income is brightening. Several other regional banks have offered similarly upbeat guidance in recent days.

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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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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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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….

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First Federal reorganizes, Regions wins presidential award

American Banker

First Federal Bank of Kansas City finalized a plan to reorganize its corporate structure; Regions Bank in Birmingham, Alabama, was one of 10 to win the "President's 'E' Award for Export Service"; Rhode Island-based Citizens Financial Group named Jim Weiss as Florida market president; and more in this week's banking news roundup.