Updated August 29 at 12:30am
Banking
118 results total, viewing 71 - 80
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
(Updated, 6:25 p.m.) Citizens Financial Group Inc. is a “work in progress,” says its CEO, as Rhode Island’s largest bank continues to acclimate to life in the public eye, free from a far-away parent. more
(Updated, 6:14 p.m.) In its first full-year earnings report as an independent bank, Citizens Financial Group Inc. showed continuing improvement in its operations. more
Webster Financial Corp. finished 2015 reporting record net income for both the fourth quarter and the year with $52.6 million, or 55 cents per diluted share, and $206.3 million, or $2.15 per diluted share, respectively. more
Hedge funds are attempting to buy the dip, according to the latest client flows data from Bank of America Merrill Lynch. more
Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fixed-income trading revenue and declines in expenses. more
For investors in Royal Bank of Scotland Group PLC, hopes for a dividend are fading.An expected ninth consecutive full-year loss in 2016 could undermine CEO Ross McEwan’s efforts to reinstate dividend payments next year for the first time since the bank’s 45.5 billion pound ($65 billion) bailout during the financial crisis. more
The Pawtucket Foundation has announced this year’s annual awards celebration honorees, and they will be recognized on April 5 at the Pawtucket Armory Arts Center. more
The Beacon Mutual Insurance Co. on Tuesday announced it would issue a 2 percent dividend payment to its more than 12,000 policyholders, marking the sixth consecutive year of dividends. more
Something to watch for this earnings season: The number of companies that eschew the use of generally accepted accounting principles, commonly called GAAP. more
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