Updated May 26 at 11:57am
Banking
140 results total, viewing 31 - 40
Just because the Federal Reserve is about to raise interest rates, don’t expect savers to benefit. more
(Updated 10:35 a.m.) The Federal Reserve said all 31 big banks subjected to a stress test have sufficient capital to absorb losses during a sharp and prolonged economic downturn. more
Santander Holdings USA Inc. on Monday announced former J.P. Morgan Chase & Co. executive Scott Powell would become CEO of the U.S. unit effective immediately. more
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its U.S. unit and forecast higher restructuring costs as it shrinks its investment bank. more
Royal Bank of Scotland Group Plc will outline plans Thursday to reduce the number of countries in which it operates by two-thirds to 13, a person with knowledge of the matter said. more
Royal Bank of Scotland Group PLC will write down the value of its U.S. unit, Citizens Financial Group Inc., by about 4 billion pounds ($6.2 billion) next week, a person familiar with the matter said. more
(Updated, 12:55 p.m.) Santander Bank has reached an agreement to change the way it screens applicants of checking and savings accounts amid concerns the current practice is slanted against low-income consumers. more
Bank of America Corp. cut CEO Brian T. Moynihan’s pay 7.1 percent for last year to $13 million after profit dropped by more than half. more
MADRID - Banco Santander SA, Spain’s largest lender, said profit rose 68 percent in the fourth quarter as the bank set aside fewer provisions for bad loans and revenue increased. Net income rose … more
(Updated 4:44 p.m.) The bets were on, and after the New England Patriots’ 28-24 Super Bowl win over the Seattle Seahawks, an influx of Washington-based goods are coming to Rhode Island. more
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