Business & Finance
Business and Finance
Business and Finance
Wed, November 9, 2011 Research on First Horizon National Corp. and Regions Financial Corp. - Southeast Banks Dropping Debit Fees
November 09, 2011 08:00 ET
Research on First Horizon National Corp. and Regions Financial Corp. - Southeast Banks Dropping Debit Fees
JOHANNESBURG, SOUTH AFRICA--(Marketwire - Nov 9, 2011) - [ www.stockcall.com/ ] offers investors comprehensive research on the Regional - Southeast Banks industry and has completed analytical research on First Horizon National Corp. (
Southeast regional banks are joining many other banks around the country in dropping monthly debit card transaction fees. Register now at [ https://stockcall.com/development/stockcall/page.php?name=register.html ] to have free access to our reports on the Regional - Southeast Banks industry.
[ www.stockcall.com/ ] is an online platform where investors doing their due-diligence on the Regional - Southeast Banks industry can have easy and free access to our analyst research and opinions on First Horizon National Corp. and Regions Financial Corp.; investors and shareholders of these companies can simply register for a complimentary membership at [ https://stockcall.com/development/stockcall/page.php?name=register.html ].
Banks began instituting monthly fees in response to last year's Dodd-Frank legislation that limited the amount of money banks could charge merchants for individual transactions. Banks skirted the legislation by charging a flat monthly fee to use debit cards in order to recoup some of the losses. Visit [ www.stockcall.com/ ] to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
Public uproar has now sent many banks retreating and backing off the new fees. Thousands of customers called service lines, bank managers and took to social media platforms to express their distaste for the new fees. Most banks were left with little recourse other than to eliminate the new fees or risk alienating more customers. Both Regions Financial Corp. and First Horizon National Corp. have dropped fees or have scrapped plans to implement them. Investors can register for free to access the research reports on First Horizon National Corp. and Regions Financial Corp. at [ www.stockcall.com/FHN091111.pdf ] or [ www.stockcall.com/RF091111.pdf ].
Moving forward, the move to drop monthly debit card transaction fees will certainly help the public image of regional banks. However, regional banks can ill afford further revenue stream losses and need to find new ways to generate capital.
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