Bank holding company Regions Financial Corp. said in a regulatory filing this week that it could face legal losses amounting to as much as $300 million in addition to a hefty settlement with regulators it agreed to pay in June.
In its quarterly filing with the Securities and Exchange Commission on Thursday, Regions Financial said it is “reasonably possible” that it could reach an estimated $300 million in legal losses related to potential litigation and claims. The estimate, as of June 30, is not definite and the firm said it's also possible that it could have no legal losses at all.
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