Vanguard and BlackRock Inc., two large asset management companies committed to controversial so-called “sustainable” investing, happen to be the largest owners of Birmingham-based Regions Financial.
Though Alabama’s “big mules” have changed over the last century, they still hold outsized influence over who's doing the pulling and who’s doing the eating in the Heart of Dixie.
The Alabama Bankers Association is hosting a webinar to argue in favor of diversity, equity and inclusion policies in the state’s financial institutions, as the policies have been the focus of heavy criticism from conservatives around the country.
State Auditor Andrew Sorrell defended the fight against government contracts with companies that discriminate using woke environmental, social governance (ESG) criteria in a letter to Troy University on Thursday.
Just as State Sen. Dan Roberts' (R-Mountain Brook) anti-ESG (environmental, social and governance) bill was gaining momentum in the Alabama Legislature, its hearing before the Senate Fiscal Responsibility and Economic Development Committee, chaired by State Sen. Garlan Gudger (R-Cullman), was delayed until at least next week.
Attorneys for Regions Bank are asking a Montgomery County Circuit Court Judge to remove Tyra Lindsey, a 10th-grade Alabama student, as a plaintiff in a lawsuit against board members and trustees of the Mabel Amos Memorial Fund.
The stock price of Birmingham-based Regions Financial Corp. dropped another 6.9% on Wednesday as the fallout of collapses of two California banks spread across the banking sector.
Over 1,000 large corporations received bias ratings from a nonprofit organization seeking to determine how hostile the companies were to particular viewpoints. One Alabama-based corporation was labeled “medium risk.”
Alabama Attorney General Steve Marshall has filed a motion to become a plaintiff in a lawsuit accusing board members of a trust fund of scheming to pay for the college tuition of Alabama Ethics Commission members’ children.
A lawsuit filed against Regions Financial Corp. alleges that bank holding company mismanaged a charitable trust named for a former Alabama secretary of state — charging exorbitant fees and steering scholarship money to children of the trust board members.
Activists congregated outside the Regions Center in Birmingham on Monday morning to protest the new $725 million bond sale, which will help finance the state of Alabama’s two new mega prisons.