Regions Financial: Bank Bounce Winner

NEW YORK (TheStreet) -- Regions Financial was the winner among large U.S. financials early Tuesday afternoon, with shares rising 5.5% to 4.03. The banking sector rebounded after Monday's debacle following a Wall Street Journal report that said the Federal Reserve would, as expected, go along with the Basel Committee's new rules for enhanced capital requirements for systemically important financial companies. The broad indexes saw large gains early Tuesday afternoon, following a report by the U.S.

 

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