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.
By Elizabeth Dexheimer and Michael J. Moore Bloomberg News
The Washington Trust Co. moved to the top of the list in profits in 2013 among 10 Rhode Island-based banks, while the previous year’s most profitable, RBS Citizens Financial Group, dropped to the bottom, according to the latest Federal Deposit Insurance Corp. industry report.
The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said.
By Tom Schoenberg and Hugh Son Bloomberg News
Paul Kloiber, RBS Citizens Financial Group branch manager, was recently honored with the bank’s Citizens Helping Citizens Volunteer Award, which honors employee volunteers who perform exemplary service to the community.
BankNewport cut the ribbon on its new branch at The Shops at Quonset Point this month, with a design that responds to new trends in banking. The facility is the first BankNewport branch without a traditional teller line, but with a staff that supports all teller transactions.
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