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(Updated, 3:15 p.m.) Bank of America Corp. was sued by the U.S. attorney in Manhattan for allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac.
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By Andrew Dunn and Hugh Son |
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U.S. stocks rose, after yesterday’s selloff, as the downgrade of global banks by Moody’s Investors Service was followed by rallies in financial shares while the European Central Bank announced changes to its lending program.
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By Rita Nazareth
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By Rebecca Keister |
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Bank Rhode Island is the top U.S. Small Business Administration lender in Rhode Island, granting 83 SBA-backed loans valued at $17.4 million in the federal fiscal year that ended Sept. 30
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By PBN Staff
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Partner at Posternak, Blankstein & Lund LLP talks about bank mergers and acquisitions.
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By Michael Souza |
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Citizen Bank parent the Royal Bank of Scotland is one of more than 10 banks under scrutiny from authorities in a rate-rigging scandal and is refusing to turn over information to Canadian regulators, according to The New York Times.
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By PBN Staff
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Webster Bank has provided Jobs for Fall River Inc., a charitable organization with a $750,000 equity equivalent investment.
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By Michael Souza |
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Bank of America Corp., the best performer in the Dow Jones Industrial Average for 2012, has more than doubled since the start of the year as the company rebuilds capital and investor confidence.
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By Laura Marcinek |
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Not all bank robbers carry a gun and not all cyberthieves are looking to empty your bank account.
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By Patrick Anderson |
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Bank of America Corp., Wells Fargo & Co. and American Express Co. boosted payouts to investors after passing U.S. tests of their financial health as banks push to regain luster lost since the 2008 credit crisis.
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By Michael J. Moore and Dakin Campbell |