Banking
138 results total, viewing 61 - 70
The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the Federal Reserve completes stress tests of their ability to survive new economic calamities. more
Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011. more
Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth consecutive drop in first-quarter trading, a period of the year when the largest investment banks typically earn the most from that business. more
The Washington Trust Co., a wholly-owned subsidiary of Washington Trust Bancorp Inc., has expanded its relationship with payment processing company Vantiv to include credit card merchant services, the bank announced Monday. more
Mechanics Cooperative Bank opened a new branch in Taunton Monday, a relocation of a nearby existing branch, according to an announcement by the bank. more
Royal Bank of Scotland Group PLC posted the biggest full-year loss since its bailout in 2008 as CEO Ross McEwan outlined plans to return what he called the industry’s least-trusted lender to profit. more
Bank of America Corp. may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program. more
Royal Bank of Scotland Group PLC CEO Ross McEwan moved to reassure employees that there will be “no big announcement” on job cuts when the lender publishes the results of its strategic review next week. more
Royal Bank of Scotland Group PLC settled for $275 million with investors who sued over the collapse of mortgage-backed securities, lawyers said in a court filing on Wednesday. more
Spain’s markets regulator fined Banco Santander SA, the country’s largest bank, 16.9 million euros ($23 million) over “serious” failings in the way it sold convertible bonds to customers before the financial crisis. more
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