Updated July 29 at 5:44pm
Banking
423 results total, viewing 61 - 70
Citizens Financial Group Inc. fell the most since last year’s initial public offering after the lender lowered profitability forecasts and Royal Bank of Scotland Group Plc announced it was reducing its stake in the company. more
President of Euclid Financial Services talks about his decision to run a Tough Mudder this weekend to raise awareness of veteran suicide. more
Citizens Financial Group Inc. last week donated a renovated, mortgage-free house to a Rhode Island combat-wounded military veteran and his family. The house, arranged through the Military Warriors Support Foundation, was renovated by Citizens Bank colleagues and donated as part of the bank’s “ongoing commitment to supporting those served our country.” Retired U.S. Army specialist Joshua Bacon, a combat engineer with the 41st Engineering Company, was awarded the house. Bacon sustained multiple injuries in 2009 while deployed in Afghanistan, according to the release. “First and foremost my family and I would like to say ‘thank you’ to Military Warrior Support Foundation and Citizens Bank for such a generous act of kindness,” Bacon said in a statement. “Receiving a mortgage-free home will create opportunities for my family not just now, but for generations to come.” Brad Conner, vice chairman and head of consumer banking at Citizens Bank, said in a statement the bank was honored to provide the home for Bacon and his family. “At Citizens Bank our colleagues are committed to supporting the communities where we live and work and are truly excited to have helped refurbish this home for Joshua and his family,” Conner said. In addition to the Warwick house, Citizens also gave Bacon $5,000 gift cards to purchase items for the home. Also attending the house-donating ceremony were Citizens Rhode Island president Marc Paulhus, Citizens Rhode Island market executive Barbara Cottam and Warwick Mayor Scott Avedisian, according to the release. more
Washington Trust Bancorp Inc., parent of The Washington Trust Co., plans to open two branches, one on the East Side of Providence later this year and another in Coventry next year, Chairman and CEO Joseph J. MarcAurele said this week. 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
Fannie Mae and Freddie Mac will let borrowers who have gone through foreclosure buy back their homes at market prices under a policy shift announced by the regulator for the two U.S.-owned companies, Bloomberg News reported. more
(Updated, 10:45 a.m.) Banco Santander SA cut a planned sale of as much as 2.5 billion euros ($3.3 billion) of the riskiest bank bonds to 1.5 billion euros. more
A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley. more
Royal Bank of Scotland Group Plc plans to remove its U.S. unit Citizens Financial Group Inc. from its balance sheet this year in one or two more share sales. more
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