Regions Financial May Finance Morgan Keegan Sale

U.S. bank Regions Financial Corp. is offering as much as $200 million to help finance the sale of its Morgan Keegan brokerage unit, Reuters reported over the weekend, citing a Bloomberg story. Regions Financial is in talks with competing groups of private equity firms about a sale. The bank bought Morgan Keegan for $789 million in 2001 and disclosed plans to sell the division in June, Reuters wrote.

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