Reuters logo
Regions Financial being probed by U.S. Attorney's Office
August 4, 2017 / 7:43 PM / 4 months ago

Regions Financial being probed by U.S. Attorney's Office

Aug 4 (Reuters) - Regions Financial Corp said the U.S. Attorney’s Office for the Eastern District of New York is investigating the bank’s relationship with a former customer who may have been involved in criminal activity.

The bank said it is cooperating with the probe, which is also looking into related aspects of Regions' Anti-Money Laundering and Bank Secrecy Act compliance program. (bit.ly/2vpNy4y)

Shares of the Birmingham, Alabama-based lender were down marginally in heavy afternoon trading. (Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below