Banking
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RBS, UBS traders to face arrest within month in Libor probe
U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group Plc and Barclays Plc within a month for questioning over their role in the Libor scandal, a person with knowledge of the probe said. more
BofA dropped by Sallie Mae as Barclays wins college card
Bank of America Corp., the second- biggest U.S. lender, divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc. for its college-savings program. more
BankRI Gallery features Cranston artist
The BankRI Pitman Street Gallery is presenting “Photographs by David Silverman” through Aug. 1. showcasing the art of a local photpgrapher. more
BofA agrees to pay Fannie Mae $3.6B in mortgage deal
Bank of America Corp., the second-biggest U.S. lender by assets, agreed to pay Fannie Mae $3.6 billion to resolve home-loan repurchase claims. more
Taking risks pays off big for former bank leader
Merrill W. Sherman knows a few things about banking. In the early 1990s, she was named president, chairman and CEO of Eastland Financial Corp., and was charged with turning that institution around after years of losing money. She did it. more
By Paul E. Kandarian
Contributing Writer | 5/28/12
Wash Trust posts record profit in 2Q
Washington Trust Bancorp Inc., parent company of The Washington Trust Co., posted a record second quarter net income of $8.7 million, or 53 cents per diluted share, a rise of 15.2 percent compared to the second quarter 2011 figures. more
Cape Wind secures financing for wind farm construction
Cape Wind, the company behind a planned 468-megawatt offshore wind farm in Nantucket Sound, announced today that it is one step closer to starting construction. more
| 3/19/13
Alex and Ani taps Bank of America
Alex and Ani Inc. has chosen Bank of America to support and grow its retail operations domestically and worldwide. more
BofA lags on implementing foreclosure changes
Bank of America Corp. has been lagging in carrying out changes required by a $25 billion foreclosure settlement, the Boston Business Journal reported. more
| 8/30/12
Five Questions With: Joseph Tavares
Business officer/vice president at Rockland Trust Co. talks about the bank’s small-business lending work. more
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