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  1. Business

Regions Financial posts another loss from brokerage sale to Raymond James

Banking company Regions Financial Corp., based in Birmingham, Ala., reported it lost $215 million in 2011, related largely to charges taken on the sale of its Memphis brokerage firm Morgan Keegan & Co. to Raymond James Financial in St. Petersburg. Regions, which operates branches in the Tampa Bay area, has now posted losses for four straight years. The bank would have turned a profit last year were it not for the Morgan Keegan charge.

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