Will Regions Financial’s Investigations By Federal Agencies Agitate These Top Financial Shareholders?

Regions Financial Corporation (NYSE:RF) is reportedly facing investigations by various federal agencies for allegedly classifying bad loans improperly during the financial crisis. These facts have emerged after depositions filed in a 2010 lawsuit were unsealed by a federal judge. A September 17 deposition by a former Regions Financial executive claims the bank pulled some ‘non-accrual’ loans aggregating about $150 million with the intention to delay their disclosure.

Will Regions Financial Corp.’s shareholders decrease their holdings? They reported owning a total of 994.057 million shares on 09/30/2012. The shares closed at $7.19 on 09/30/2012.

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Here are the ten largest positions in Regions Financial Corp. at the end of September 30th, 2012.

Vanguard Group Inc. held 79,910,735 shares on 09/30/2012 worth $574,957,752. This brought the portfolio total to 0.07%.

State Street Corp. held 73,218,138 shares on 09/30/2012 worth $526,804,515. This brought the portfolio total to 0.08%.

Blackrock Institutional Trust Company N.A. held 38,371,422 shares on 09/30/2012 worth $276,274,231. This brought the portfolio total to 0.06%.

Price T. Rowe Associates Inc. /MD/ held 37,622,148 shares on 09/30/2012 worth $270,691,361. This brought the portfolio total to 0.08%.

FMR LLC. held 32,274,432 shares on 09/30/2012 worth $232,214,544. This brought the portfolio total to 0.04%.

Eaton Vance Management held 25,803,921 shares on 09/30/2012 worth $185,659,216. This brought the portfolio total to 0.49%.

Ajo L.P. held 25,548,000 shares on 09/30/2012 worth $183,817,864. This brought the portfolio total to 0.91%.

Systematic Financial Management L.P. held 24,945,259 shares on 09/30/2012 worth $179,481,143. This brought the portfolio total to 1.56%.

Bank of New York Mellon Corp. held 22,148,055 shares on 09/30/2012 worth $159,355,260. This brought the portfolio total to 0.06%.

Arrowstreet Capital Limited Partnership held 21,809,047 shares on 09/30/2012 worth $156,916,097. This brought the portfolio total to 1.32%.

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