Updated August 28 at 4:28pm
Banking
131 results total, viewing 81 - 90
In what its CEO calls a “pivotal year,” Citizens Financial Group Inc. Monday reported net income of $865 million in 2014, an improvement on a $3.4 billion loss in 2013, which was fueled by a $4.1 billion after-tax goodwill impairment charge. Citizens reported earnings of $1.55 per diluted share for the year. more
TD Bank announced Thursday the promotion of Frank Casale who will take over as regional vice president for Rhode Island and southern Massachusetts. more
Independent Bank Corp., parent of Rockland Trust Co., reported a “record year for earnings” in 2014, with net income gains of 19.1 percent for the year, and 50.9 percent for the fourth quarter. more
Webster Financial Corp. Thursday announced its year-end earnings report, reflecting a year-over-year net income increase of 11 percent, which its CEO attributes in large part to an increased volume of lending. more
Bank of America Corp. awarded six Rhode Island nonprofits $270,000 to support services related to basic human needs, including hunger relief, shelter, educational and social services. more
Bank of America Corp., the second-largest U.S. lender, said fourth-quarter profit fell 11 percent as revenue from fixed-income trading declined. more
Banco Santander SA Chairman Ana Botin is seeking backing from investors to raise as much as 7.5 billion euros ($8.9 billion) in new funds as she shapes her vision for Spain’s biggest bank less than four months after taking over. more
The Citizens Bank Foundation is awarding seven organizations and the Local Initiatives Support Corporation $100,000 to go toward improving the quality of life in Olneyville and other neighborhoods in Rhode Island. more
Financial firms raised the most money this year in U.S. initial public offerings since 2008, as investors shook off doubts from the credit crisis and bet that a new breed of lenders is poised to wrest business from big banks. more
As part of a settlement with the city in connection with a lawsuit that had been filed over discriminatory lending practices, Santander Bank N.A. has launched the Santander-Providence Home Loan Program to promote home ownership opportunities for low- and moderate-income borrowers in the city. more
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