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billion once some of its latest transactionsare finalized. The Ala.-based banking giant raked in $1.8 billionh from its common stocl offering andanother $278 million from selling its mandatoryu convertible preferred stock, which is the firsrt time it offered such shares. It also plands to generate $172 million from swapping its commo n shares to trust preferred which are expected to closew bynext week. The company poniede up another $177 million from sellingh its stake inVisa Inc. and other securities, accordinbg to a written statement publishedlate Thursday. And Regionas will also boost its capital levelswith $200 milliomn worth of deferred tax assets.
Regionse (NYSE: RF) was among 10 of the top U.S. bank ordered by the Federal Reserve to raise more capitalk after results of the widelypublicized “streszs tests” pegged the bank to suffer from $9.2 billiob in losses over the next two years, given the worst-casre scenario. Regions and several other financialinstitutions – even thosed that weren’t required to raise additional capital – initiated stock offerings after the stress test results were made Many have been successful in their
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