Banking
438 results total, viewing 341 - 350
Royal Bank of Scotland Group PLC agreed to sell its minority stake in a private-equity unit to an investor group led by buyout firm Adams Street Partners LLC, according to two people with knowledge of the matter. more
Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst. more
Credit market trading is drying up, posing a threat to the stability of the financial system that regulators are ignoring, according to strategists at Royal Bank of Scotland Group PLC in London. more
Royal Bank of Scotland Group PLC, Britain’s biggest government-owned lender, reached an agreement to end the U.K. Treasury’s dividend access share, bringing the company a step closer to paying dividends. more
In a shifting banking landscape, with its kaleidoscope of mergers and acquisitions, name changes and ever-evolving strategies to increase market share and earnings, Washington Trust Bancorp Inc., parent of The Washington Trust Co., has a shareholder mix that’s typical for community banks but solid advances in profitability that help it stand out from competitors. more
Washington Trust Bancorp, parent of The Washington Trust Co., posted earnings of $9.3 million for the first quarter of 2014, an increase of 25.3 percent over earnings of $7.4 million in the first quarter of 2013. more
Banco Santander SA, Spain’s biggest bank, reported first-quarter profit that beat estimates on increased U.K. income and announced a 4.7 billion-euro ($6.5 billion) bid to buy out its Brazil unit. more
U.S. banks had $37.2 billion in first-quarter net income as mortgage and trading revenue fell, the Federal Deposit Insurance Corp. said in its quarterly report on industry earnings. more
Bank of America Corp. rose the most in more than a year after the firm resubmitted its request for a bigger payout to the Federal Reserve. more
JPMorgan Chase & Co. engaged in a “pattern of discriminatory” lending that led to foreclosures, the city of Miami said in a lawsuit filed last week in federal court, the latest in a series of similar claims against the nation’s largest banks. more
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