Banking
439 results total, viewing 101 - 110
Bank of America Corp. asked a judge to dismiss a U.S. Justice Department lawsuit in which it is accused of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities. more
Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of an error in its stress-test submission to the Federal Reserve. more
As competition for commercial business among banks in the region intensifies, Washington Trust Bancorp, parent of The Washington Trust Co., is sticking to a cautious, service-focused business model as it looks for growth opportunities – especially in Massachusetts and Connecticut. more
In a shifting banking landscape, with its kaleidoscope of mergers and acquisitions, name changes and ever-evolving strategies to increase market share and earnings, Washington Trust Bancorp Inc., parent of The Washington Trust Co., has a shareholder mix that’s typical for community banks but solid advances in profitability that help it stand out from competitors. more
State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as the third-largest custody bank seeks to reduce expenses to combat the impact of low interest rates. more
Bank of America Corp. could post a second-quarter loss because of costs tied to resolving federal and state probes into the sale of mortgage bonds, according to Portales Partners LLC. more
Paul Volcker hasn’t endeared himself to Wall Street bond dealers. That’s just fine with Fidelity Investments. more
TD Bank has launched an online social community called “TD Helps” for consumers to ask questions about banking topics and personal finances, the bank announced April 14. more
The Rhode Island chapter of the Turnaround Management Association is sponsoring a forum on “Accessing Capital for Corporate Growth” on Wed., April 23, at the Hope Club in Providence, sponsored by Kahn, Litwin, Renza & Co. more
Energi, a leading provider of risk management and insurance programs for the energy industry, has recognized Glenn Carraher of Starkweather & Shepley Insurance Brokerage as an Energi Elite Broker for 2014, according to an announcement from the East Providence-based insurance brokerage. more
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