2011 revenue: $7.4 billion
10-year annualized return: -12.9%
Regions Financial needed about $3.5 billion from the Troubled Asset Relief Program funds to stay afloat during the financial crisis. The bank has been sorting out problems related to the financial crisis ever since. In 2010, one of its subsidiaries, Tennessee-based Morgan Keegan & Company faced SEC charges for misrepresentation of the value of subprime mortgages. Regions settled the case with the SEC in 2011 for $200 million. In April, the company also completed the sale of Morgan Keegan to Raymond James, which enabled it to repay its $3.5 billion in TARP funds.
NEXT: 17. Gannett
By Nin-Hai Tseng, writer and Shelley DuBois, writer-reporter
@FortuneMagazine
- Last updated May 07 2012: 10:56 AM ET