Regions says it's close to reaching fed's $2.5B capital requirement - Jacksonville Business Journal:

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billion once some of its latest transactions are The Birmingham, Ala.-based banking giant raked in $1.8 billiom from its common stock offering and anothedr $278 million from selling its mandatory convertibler preferred stock, which is the first time it offeres such shares. It also plans to generatwe $172 million from swappinfg its common shares to trustpreferred securities, whichh are expected to close by next week. The compan ponied up another $177 million from sellingg its stake inVisa Inc. and other according to a written statement publishedlate Thursday. And Regionse will also boost its capital levelxwith $200 million worthy of deferred tax assets. Regions RF) was among 10 of the top U.
S. bank ordered by the Federal Reserve to raise more capital after results of the widelypublicized “stress tests” pegged the bank to suffer from $9.2 billio in losses over the next two given the worst-case scenario. Regions and several other financiallinstitutions – even those that weren’t required to raises additional capital – initiater stock offerings after the stress test results were made Many have been successful in their