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Regions sells MK to Raymond James for 1.18 billion.

Posted on 1/11/12 at 3:37 pm
Posted by Post It Bandit
Boutte
Member since Mar 2008
3038 posts
Posted on 1/11/12 at 3:37 pm
Nm
Posted by RemouladeSawce
Uranus
Member since Sep 2008
13912 posts
Posted on 1/11/12 at 4:23 pm to
MK's rampant cronyism/nepotism made it such a good fit for RF.

One less thing RF can now liquidate to stay afloat.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 1/11/12 at 4:35 pm to
AND:

quote:

Regions said it expects to take a charge of $575 million to $745 million related to the Morgan Keegan deal,


At a loss. For the win.
Posted by lynxcat
Member since Jan 2008
24124 posts
Posted on 1/11/12 at 5:11 pm to
I have good friends that work here. Rumors were flying earlier this week about this.

Any guesses as to which parts of MK will be dismantled?
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 1/11/12 at 6:57 pm to
They're keeping fixed income and public finance and headquartering them in Memphis. I don't think it's looking good for people in ECM.
This post was edited on 1/11/12 at 6:58 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 1/11/12 at 7:11 pm to
Sent you an email brah.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 1/11/12 at 7:47 pm to
YGM
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 1/11/12 at 7:49 pm to
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