Updated Tuesday, July 7, 2015 as of 11:44 AM ET

Regions Bank Builds Brokerage Unit at Rapid Clip

Regions Bank is building its new brokerage unit almost as fast as Chinese real estate developers are putting up skyscrapers. Since it began building the unit earlier this year, the Birmingham, Ala.-based bank already has hired 102 financial consultants and is aiming for 125 by year-end. Its ultimate goal is to build an advisor force of 160 to 170 by the end of 2014.

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