Banking
136 results total, viewing 11 - 20
Banco Santander SA, Spain’s biggest bank, is primed to deliver improved earnings led by recovery in its home market as charges for bad loans subside and lending recovers, Chairman Emilio Botin said. more
Bank of America Corp. agreed to a $9.5 billion settlement over claims tied to faulty mortgages and boosted its dividend for the first time since 2007, the latest steps to put the financial crisis behind the firm. more
Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc. and Bank of America Corp. passed only after reducing their requests for buybacks and dividends. more
Cape Wind and the Bank of Tokyo-Mitsubishi UFJ Ltd. have brought on Natixis and Rabobank to lead senior debt financing and contribute more than $1 billion to the wind farm project, the renewable energy developer announced Wednesday. more
Banco Santander SA was fined 12.4 million pounds ($20.5 million) by the U.K. regulator for flaws in investment advice given to customers as the watchdog clamps down on misconduct in consumer lending. more
Royal Bank of Scotland Group PLC rose in London trading after the Wall Street Journal reported that Sumitomo Mitsui Financial Group Inc. may bid for the Edinburgh-based lender’s U.S. retail banking unit. more
Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry. more
Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, must face a lawsuit by a bond insurer over what it claims was the bank’s sale of $1.15 billion of securities backed by “thousands of defective and fraudulently originated” home loans. more
Federal Reserve officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast, as they upgraded projections for gains in the labor market. more
Bank of America Corp. is cutting jobs today across co-Chief Operating Officer Thomas Montag’s global trading and investment banking divisions, according to three people with direct knowledge of the decision. more
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