Banking
152 results total, viewing 71 - 80
Bank of America Corp., the second-biggest U.S. lender, swung to a surprise loss as the company booked $6 billion of costs tied to mortgage disputes. more
Royal Bank of Scotland Group PLC, Britain’s biggest government-owned lender, reached an agreement to end the U.K. Treasury’s dividend access share, bringing the company a step closer to paying dividends. more
Bank of America Corp.’s Countrywide unit and insurer Allstate Corp. settled a 2010 lawsuit over $700 million in devalued mortgage-backed securities. Terms of the accord weren’t revealed. more
Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid CEOs last year, according to a study by pay expert Graef Crystal. more
Royal Bank of Scotland Group PLC, Britain’s biggest government-owned lender, hired Ewen Stevenson from Credit Suisse Group AG as chief financial officer. more
Financial software company Andera Inc. has been acquired by New Hampshire digital banking firm Bottomline Technologies for $44.5 million and company stock. more
Banco Santander SA, Spain’s biggest bank, is primed to deliver improved earnings led by recovery in its home market as charges for bad loans subside and lending recovers, Chairman Emilio Botin said. more
Bank of America Corp. agreed to a $9.5 billion settlement over claims tied to faulty mortgages and boosted its dividend for the first time since 2007, the latest steps to put the financial crisis behind the firm. more
Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc. and Bank of America Corp. passed only after reducing their requests for buybacks and dividends. more
Cape Wind and the Bank of Tokyo-Mitsubishi UFJ Ltd. have brought on Natixis and Rabobank to lead senior debt financing and contribute more than $1 billion to the wind farm project, the renewable energy developer announced Wednesday. more
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