Banking
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BofA joins Wells Fargo raising payouts after Fed stress test
Bank of America Corp., Wells Fargo & Co. and American Express Co. boosted payouts to investors after passing U.S. tests of their financial health as banks push to regain luster lost since the 2008 credit crisis. more
Washington Trust finances for One Financial
Washington Trust’s Commercial Real Estate Group has provided commercial mortgage financing for a historic property, One Financial Center Plaza, in downtown Providence, according to a press release from the bank. more
SEED, Mansfield Bank sponsor workshops
The South Eastern Economic Development Corp. and Mansfield Bank are sponsoring two business workshops for current or potential entrepreneurs. more
DEM, URI tackle estate planning, other topics
Estate planning, business agreements, trusts and retirement for farm families are topics to be covered in a March 25 workshop at the University of Rhode Island’s East Farm, according to a press release. The workshop is sponsored by URI and the R.I. Department of Environmental Management. more
BankRI supports Work for Success program
Bank Rhode Island recently announced that is has awarded a $2,000 charitable grant to South Providence Neighborhood Ministries. more
3/11/13
Schwartz Center, BayCoast gear up for half marathon
The Schwartz Center and BayCoast Bank recently announced that doctors from around the South Coast will join them in “Pushing Beyond Limits” during the 36th annual New Bedford Half Marathon, to be held March 17. more
3/11/13
Fed stress tests show 17 of 18 banks weathering severe slump
The Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum, a sign of how higher standards and supervisory prodding are strengthening the financial system. more
BofA reputation in bottom 10
Bank of America Corp. earned the No. 5 spot on MarketWatch’s list of the 10 companies with the worst reputations. more
| 3/6/13
Interest rates at R.I. banks dropped 25% from ’11, study says
Interest rates offered by Rhode Island’s banks and credit unions for certificate of deposit and savings accounts fell an average 25 percent between 2011 and 2013, according to a study released Wednesday by GoBankingRates.com. more
| 3/6/13
BOE’s King says government should split up RBS, accept loss
Bank of England Governor Mervyn King urged the government to split up Royal Bank of Scotland Group Plc and speed up the return of Britain’s biggest publicly owned lender to private ownership following its bailout in 2008. more
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