Banking
438 results total, viewing 111 - 120
BankNewport cut the ribbon on its new branch at The Shops at Quonset Point this month, with a design that responds to new trends in banking. The facility is the first BankNewport branch without a traditional teller line, but with a staff that supports all teller transactions. more
Customers Bancorp Inc., parent company of Customers Bank, reported a first quarter 2014 profit of $8.1 million, an increase of 13 percent over the $7.2 million profit in first quarter 2013, during an April 21 earnings report conference call. more
Executive director of the Rhode Island Public Expenditure Council talks about the Rhode Island economy. more
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
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