Regions Sells Morgan Keegan: Professor Rauterkus Tells BBJ Why
“This sale shows that Regions really wanted to get out of this particular business,” said Rauterkus. “Morgan Keegan has not made a lot of positive headlines in the last years with all of the lawsuits that were filed against it. I think Regions is getting rid of a headache that its had. Plus, Regions needed the money to pay off the TARP.” Full article from Birmingham Business Journal
