Banking
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WashTrust named on list of top U.S. banks
For the second consecutive year, The Washington Trust Company and its parent company, The Washington Trust Bancorp Inc., have been selected as one of the country’s best banks by the the Bank Director 2012 annual bank performance scorecard. more
BofA escaping Countrywide to help Moynihan rebuild
Bank of America Corp. yesterday struck deals to settle lending complaints, sell rights to service $300 billion of mortgages and repair relations with regulators. For CEO Brian T. Moynihan, it offers his best chance to rebuild the home lending business. more
Wellness efforts all add up at BankNewport
Employees at BankNewport are not just standing behind the teller counter anymore. They are walking. more
By Robin Respaut
Contributing Writer | 8/13/12
U.S. banks have provided $26.1B under foreclosure accord
The five largest U.S. mortgage servicers have provided about $26.1 billion for borrowers so far under a $25 billion settlement over abusive foreclosure practices, according to a court-appointed monitor. more
NewportFed second-quarter profit declines 42 percent
Newport Bancorp Inc. the holding company for Newport Federal Savings Bank, on Friday reported second-quarter net income of $253,000, a 42 percent decline from the $439,000 profit posted during the same quarter ending June 30 last year. more
Webster’s net income grows 7% in 3Q
Webster Financial Corp., the holding company for Webster Bank, posted a net income of $44.4 million, or $.48 per diluted share, for the quarter ending Sept. 30., an increase of 7 percent when compared to the same quarter in 2011. more
Citizens’ Alemany named CEO ‘to watch’ in 2013
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 10 CEOs to watch in 2013 by American Banker. more
| 12/17/12
BofA joins JPMorgan in having units ripe for sale, Mayo says
Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo. more
Banks contest BofA’s $8.5B Countrywide settlement
Three Federal Home Loan Banks and a fourth financial institutions filed court documents on Friday against Bank of America Corp.’s $8.5 billion agreement to settle claims related to mortgages issued by its Countrywide unit, The New York Times reported. more
| 2/4/13
U.S. stock futures rise on speculation central banks will act
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will complete a second straight weekly advance, on speculation central banks will act to boost economies as Europe’s debt crisis threatens growth. more
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