Updated March 31 at 10:09pm
Banking
419 results total, viewing 111 - 120
American banks are loading up on U.S. government debt, a sign they remain cautious on the economy even with the jobless rate at a six-year low and corporations at their healthiest in a generation. more
On the eve of a Senate hearing today into whether the Federal Reserve has been “captured” by the institutions it is supposed to regulate, the Fed announced a broad review of its supervision of the largest banks, and a top official acknowledged there’s a danger that examiners could be too easy on them. more
Bank of America Corp., the third- largest U.S. mortgage lender, refused to give Paul Mataska the loan amount he needed last year after he had a six-month layoff from his job in 2012. more
Royal Bank of Scotland Group Plc would benefit the most among U.K. lenders from a rise in interest rates as it retreats from investment banking, according to analysts at Sanford C. Bernstein Ltd. more
Bank of America Corp.’s gaffe on U.S. stress tests has meant “tough consequences” for investors, CEO Brian T. Moynihan said Wednesday as his staff and directors regrouped to figure out what went wrong. more
Scaffolding has been erected on the Westminster Street side of 111 Westminster St., also known as the Superman Building, as the owner, High Rock Westminster Street LLC inspects the façade of the historic 26-story art deco tower with an eye to needed repairs. more
Citizens Financial Group Inc., the U.S. arm of Royal Bank of Scotland PLC, plans to hire more than 550 people in its consumer business for mortgages, small business and auto financing over a two-to-three year period. more
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide. more
Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
An East Providence insurance brokerage, with a division in Fort Myer, Fla., acquired its first company since moving to the Sunshine State this past summer. more
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