Updated April 30 at 11:25pm
Banking
124 results total, viewing 71 - 80
Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates. more
Despite an overall reduction in the number of taxpayer-backed loans made in Rhode Island last fiscal year, small business loan dollar volume grew 2.8 percent thanks largely to an increase in financing for fixed assets, such as real estate and machinery. more
(Updated, 5:18, Oct. 19) Citizens Bank NA is among the top 100 most active small business lenders in the United States and ranks third in Rhode Island, according to year-end lending numbers released by the U.S. Small Business Administration. more
A Banco Santander SA unit told a London judge that four state-owned bus and metro companies in Portugal defaulted on a type of interest-rate hedging derivative known as a “snowball.” more
David V. Devault, vice chair, secretary and chief financial officer of Washington Trust Bancorp, is the business leadership award winner in Providence Business News’ 15th annual competition. more
Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after CEO Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to two people with knowledge of the plans. more
Banco Santander SA raised its capital ratio target for a third time this year, as investors seek assurances the company is tackling a weakness that has weighed on its stock. more
Brian Moynihan will keep his dual role as Bank of America Corp.’s chairman and CEO after shareholders voted to ratify governance changes made last year. more
In the year since she became chairman, Banco Santander SA’s Ana Botin has cut the dividend, tapped shareholders for funds and replaced management in the U.S., Brazil and the bank’s home market of Spain. more
If Bank of America Corp.’s biggest shareholders are any indication, CEO Brian Moynihan probably will be allowed to remain chairman. more
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