Banking
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Five Questions With: David C. Morganelli
Partner at Partridge Snow and Hahn LLP talks about the Rhode Island Society of Certified Public Accountants and the current state of personal income tax reforms. more
Citizens looks to help parents, student borrowers
To help student loan borrowers and their parents or co-signers to effectively manage student loans, RBS Citizens Financial Group is providing a TruFit Student Loan Annual Summary, according to a press release. more
Poirier qualifies for Million Dollar Roundtable
Randal S. Poirier, a financial planner with Independence Financial Partners of Little Compton, has qualified for membership in the 2013 Million Dollar Roundtable, an industry network of investment and insurance professionals. more
Bristol County Savings preps for Freedom Fest
The eighth annual Bristol County Savings Bank Freedom Festival will be held Wednesday, July 3, on the campus of the University of Massachusetts Dartmouth. more
Citizen’s MacNamara set for sabbatical
Citizens Banks has chosen Ana MacNamara, officer and risk management specialist at Citizens Bank’s East Providence operations center, for a paid three-month sabbatical. McNamara will spend the next three months on loan to the Comprehensive Community Action Program. more
BofA gave $500 bonuses to foreclose on clients, lawsuit claims
Bank of America Corp., the second- biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents. more
Uncertain economy raises stakes for wealth management
Mark Gim was appointed The Washington Trust Co.’s executive vice president for wealth management in May. The post is in addition to his existing position as treasurer for both The Washington Trust Co. and its publicly owned holding company, Washington Trust Bancorp Inc. more

By Rhonda J.Miller
PBN Staff Writer | 6/17/13

Public confidence in U.S. banks hits 5-year high, Gallup finds
Americans are more confident in U.S. banks than they’ve been in five years as an improving economy helps lenders boost profit and repair their balance sheets, a new Gallup poll found. more
RBS tumbles after Hester departure as 2,000 job cuts planned
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, fell as much as 8.2 percent after CEO Stephen Hester quit and the company started to cut 2,000 investment-banking jobs. more
BofA regaining its fair share of mortgage market, Thompson says
Bank of America Corp., the second- biggest U.S. lender by assets, is regaining market share in home loans after shrinking the business, according to Chief Financial Officer Bruce Thompson. more
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