Banking
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Webster’s net income grows 7% in 3Q
Webster Financial Corp., the holding company for Webster Bank, posted a net income of $44.4 million, or $.48 per diluted share, for the quarter ending Sept. 30., an increase of 7 percent when compared to the same quarter in 2011. more
Citizens Bank has most deposits in R.I., says FDIC
RBS Citizens Bank remained Rhode Island’s leading deposit holder during the fiscal year ended June 30, according to the Federal Deposit Insurance Corporation. more
| 10/9/12
Campanelli to leave Flagstar
Former Sovereign Bank executive Joseph Campanelli is leaving his position as president and CEO of Flagstar Bancorp Inc. to pursue other interests, reported Crain’s Detroit Business. more
| 10/5/12
WashTrust named on list of top U.S. banks
For the second consecutive year, The Washington Trust Company and its parent company, The Washington Trust Bancorp Inc., have been selected as one of the country’s best banks by the the Bank Director 2012 annual bank performance scorecard. more
Citizens’ Alemany named 4th-most powerful woman in banking
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 25 most powerful women in banking by American Banker. more
| 10/2/12
U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
RBS managers condoned Libor manipulation during expansion
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired. more
WashTrust provides $4.8M financing for 40 Fountain St.
Washington Trust’s Commercial Real Estate Group provided $4.8 million in commercial mortgage financing to Emanon Associations LP for Providence’s Gardner Building. more
| 9/19/12
Mobile banking becoming more common, Andera says
American consumers are becoming more comfortable conducting banking business on mobile devices, according to a new report from financial software company Andera Inc. more
| 9/6/12
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