Banking
136 results total, viewing 81 - 90
Bank of America Corp. CEO Brian T. Moynihan said trading operations were profitable almost every day last quarter as the lender helped clients adjust to the prospect of higher interest rates. more
Webster Financial Corp., parent company of Webster Bank, posted a profit increase in 2013 over the previous year, with growth in commercial lending highlighting the increase, according to the bank’s fourth-quarter and year-end earnings report released Friday. more
Coastway Bancorp, the parent company of Coastway Community Bank, became a publicly traded company today, listed on the Nasdaq exchange under the symbol CWAY. The bank offering of $48.3 million in stock is listed at $10 per share. more
Bank of America Corp., the second-biggest U.S. lender, said fourth-quarter profit more than quadrupled as the company quelled claims tied to defective mortgages. The results beat Wall Street estimates, and the stock rose 2.6 percent in New York. more
Banco Santander SA’s U.S. consumer lender subsidiary, which originates subprime loans for new-vehicle purchases and leases, is seeking to raise as much as $1.56 billion in an initial public offering. more
RBS Citizens Financial Group is selling 94 of its Chicago-area Charter One bank branches for $315 million to U.S. Bancorp, Providence-based Citizens announced Tuesday. more
Royal Bank of Scotland Group PLC was ordered to pay $50 million by a federal judge in Connecticut as part of a settlement for rigging the London interbank offered rate. more
Royal Bank of Scotland Group PLC settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a $1.2 million bonus. more
Bank of New York Mellon Corp., the world’s largest custody bank, agreed to repay Massachusetts’ public pension funds $15.45 million to settle fraud claims brought by the state’s top securities regulator. more
Royal Bank of Scotland Group PLC named Rory Cullinan head of a new division that will house the firm’s bad bank and oversee the initial public offering of its U.S. Citizens Financial Group Inc. unit. more
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