Banking
135 results total, viewing 61 - 70
The U.S. Small Business Administration supported lending totaling $68.6 million to Rhode Island businesses in the fiscal year ended Sept. 30, a decline of 21.6 percent from the $87.5 million loaned to local companies through the federal agency’s programs a year earlier. more
Bank of America Corp.’s Countrywide unit won tentative final approval of a $500 million securities class-action settlement with investors in its devalued residential mortgage-backed securities. more
Bank of America Corp., the second-largest U.S. lender, is cutting about 1,300 more jobs in its mortgage division as the firm adjusts to lower demand, said two people with direct knowledge of the plans. more
Customers Bancorp Inc., parent company of Customers Bank, reported third-quarter earnings of $8.3 million, or 33 cents per diluted share, an increase of 24.6 percent over the $6.6 million, or 51 cents per diluted share, reported for the same quarter in 2012. more
U.S. Bancorp and Fifth Third Bancorp are among five potential bidders for Chicago branches being sold by Citizens Financial Group Inc., people with knowledge of the matter said. more
U.K. Chancellor of the Exchequer George Osborne said he expects to decide whether Royal Bank of Scotland Group Plc should be broken up and its toxic assets spun off into a “bad bank” in the “next couple of weeks.” more
Toronto-Dominion Bank, Canada’s second-largest lender by assets, isn’t on the lookout for another U.S. retail bank and doesn’t need to do a deal, CEO Ed Clark said. more
Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. more
Washington Trust Bancorp Inc., parent company of The Washington Trust Co., announced net income of $10 million for the third quarter of 2013, an 11.9 percent increase on results from the same 2012 period. more
Sovereign Bank, the fourth-largest bank in Rhode Island by deposits, officially adopted the name, brand and logo of its parent company, Spanish banking group Santander, at a rebranding ceremony held Thursday morning at the bank’s One Financial Plaza branch in Providence. more
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