AP: Regions Bank needs additional capital

This isn’t football, but it does matter to people in Alabama. The AP is reporting, “American Express Co., JPMorgan Chase & Co. and Bank of New York Mellon Corp. will not be asked to raise more capital when federal officials announce the test results Thursday afternoon, but Regions Financial Corp. will need to bolster its reserves, according to people briefed on the results. …A spokesman for Birmingham, Ala.-based Regions Financial could not immediately be reached for comment.” (read the entire AP report embedded below.)