Updated April 1 at 8:48pm
Banking
414 results total, viewing 41 - 50
Citizens Financial Group Inc., releasing results for the first time since its initial public offering, said third-quarter profit rose 31 percent as the bank set aside less money for bad loans. The firm declared a 10 cent quarterly dividend. more
Citizens Financial Group Inc. has appointed Eric Aboaf executive vice president and chief financial officer. more
Providence doesn’t have a monopoly on former Bank of America office buildings. more
Royal Bank of Scotland Group PLC is seeking bids for its international private bank within the next two weeks, according to a person with knowledge of the matter. more
(Updated 10:35 a.m.) The Federal Reserve said all 31 big banks subjected to a stress test have sufficient capital to absorb losses during a sharp and prolonged economic downturn. more
Managing sales director with Baystate Financial discusses the Rhode Island market, how the industry has changed and his investment philosophy. more
Providence-based RBS Citizens Financial Group’s failure to meet some requirements of the Federal Reserve’s “stress test” for financial institutions has been downplayed by the bank and some analysts who don’t see it significantly impacting the bank’s announced 25 percent initial public offering later this year. more
Bank of America Corp., the second-biggest U.S. bank, raised its quarterly dividend to 5 cents a share and dropped plans to buy back stock after the Federal Reserve approved its resubmitted capital plan for 2014. more
(Updated, 1 p.m.) Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. more
It’s not common to see fiscally conservative-minded establishments like banks gambling on a football game, but that is exactly what The Washington Trust Co. has done for Sunday’s Super Bowl. more
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