Banking
151 results total, viewing 11 - 20
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide. more
(Updated, 1 p.m.) Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. more
A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley. more
Bank of America Corp.’s record settlement with the Justice Department over the sale of mortgage bonds in the run-up to the 2008 financial crisis will be announced as soon as Thursday, two people with knowledge of the matter said. more
Citizens Financial Group Inc., the U.S. arm of Royal Bank of Scotland PLC, plans to hire more than 550 people in its consumer business for mortgages, small business and auto financing over a two-to-three year period. more
Scaffolding has been erected on the Westminster Street side of 111 Westminster St., also known as the Superman Building, as the owner, High Rock Westminster Street LLC inspects the façade of the historic 26-story art deco tower with an eye to needed repairs. more
RBS Citizens, the commercial banking division of Providence-based Citizens Financial Group Inc., is expanding into new geographic markets with an emphasis on growth industries such as health care, technology and franchising, the bank announced Wednesday. more
Royal Bank of Scotland Group PLC and HSBC Holdings PLC, two of Britain’s largest banks, awarded about 10.6 million pounds ($17.8 million) in shares to senior executives as regulators impose limits on cash bonuses. more
Citizens Financial Group Inc. on Monday announced the appointment of LPL Financial Chairman and CEO Mark Casady and Royal Bank of Scotland Group non-executive director Robert Gillespie to its board of directors. more
Royal Bank of Scotland Group PLC is considering selling the international arm of its Coutts private bank as it shifts its focus to wealthy clients in the U.K. more
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