Updated June 29 at 11:29pm
Banking
447 results total, viewing 71 - 80
Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates. more
It’s not the jobs report or the latest housing data, but railway cargo that has analysts at Bank of America Corp. concerned. more
Distron Corp. has been named “Small Business of the Year” by the South Eastern Economic Development Corp. more
In the year since she became chairman, Banco Santander SA’s Ana Botin has cut the dividend, tapped shareholders for funds and replaced management in the U.S., Brazil and the bank’s home market of Spain. more
Webster Financial Corp. reported second-quarter earnings on Thursday, featuring a 9.8 percent boost in profit to $52.5 million, or 55 cents per diluted share, compared with $47.8 million, or 50 cents per diluted share, during the same year-ago period. more
The U.K.’s largest lenders accelerated the biggest fall since 2009 on Monday after the nation’s vote to leave the European Union sparked fears about political and economic risks and the sharpest negative shift in analyst sentiment on record. more
State Street Corp. said Thursday that it may have overcharged asset servicing clients by $200 million or more over the past 18 years. more
Brookline Bancorp Inc. on Wednesday announced net income of $12.6 million in the second quarter, representing an 18.4 percent year-over-year increase. Earnings per share increased to 17 cents per diluted share from 14 cents per diluted share a year earlier. more
Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after CEO Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to two people with knowledge of the plans. more
A Boston-based bank has hired the president of business banking and Massachusetts state president of Citizen Bank, resulting in a shuffle of personnel at the Providence-based financial institution. more
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