Updated January 24 at 2:36pm
Banking
477 results total, viewing 361 - 370
Financial companies will be hard-pressed to meet long-term growth expectations as decades of credit expansion come to an end and central-bank policies and tighter regulations squeeze profits, according to bond investor Bill Gross. more
To say that hopes are high heading into fourth-quarter earnings season would be an understatement. more
State Street Corp. recently agreed to pay $64.6 million to resolve fraud charges that stem from a criminal investigation into the company defrauding at least six of its clients. more
Citizens Financial Group Inc. on Friday reported fourth-quarter profit growing 27.7 percent to $282 million, or 55 cents per share, and 2016 profit increasing 24.4 percent to $1.04 billion, or $1.97 per share. more
Brookline Bancorp Inc. on Thursday reported 2015 profit grew 15.5 percent to $52.4 million, or 71 cents per diluted share, compared with $45.3 million, or 62 cents per diluted share, in 2014. more
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
Banco Santander SA built up capital in the fourth quarter, easing investor concern about its ability to bolster buffers, as Spain’s largest lender booked charges that wiped out profit. more
The Independent Community Bankers of America is giving a dividend of more than $3 million to policyholders who participated in the Travelers SelectOne ICBA insurance program, marking its 14th consecutive dividend. more
Joseph J. MarcAurele is chairman and CEO of Washington Trust Bancorp Inc., parent company of Westerly-based The Washington Trust Co. The company last week reported record earnings for 2015, marking the second year in a row with record-breaking profit. MarcAurele talks with Providence Business News about what it would take to continue the trend in 2016. more
In the worst start for the U.S. stock market since 2009, investors have been aggressively loading up on shares of companies with the sturdiest earnings momentum. more
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