Regions Banks wealth management businesses slipped in the fourth quarter, according to the banks holding companys financial results released Tuesday.
In the fourth quarter, the Birmingham, Ala.-based bank generated $48 million in investment management and trust fee income, down $2 million, or 4%, from the previous quarter. Revenue from investment services also fell, dropping 20% to $8 million from $10 million in the third quarter. One bright spot in the fourth quarter was insurance commissions and fees, which increased by $1 million, or 3.7%, to $28 million.
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