Updated May 4 at 9:04am
Banking
442 results total, viewing 121 - 130
Most investors have been caught by surprise by the volatile start to 2016. The strong performance of a few stocks over the last 12 months has masked overall weakness that has persisted in the stock markets. The larger S&P 1500 and the S&P 600 Small … more
Tim Chaves, assistant vice president-commercial lending with Bristol County Savings Bank, was named "Banker of the Year" by the South Eastern Economic Development Corporation. He was selected for the award from a pool of 21 candidates by SEED … more
Santander Consumer USA Holdings Inc. is close to selling about $1 billion of unsecured consumer loans that it bought from LendingClub Corp., according to three people with knowledge of the matter. more
The Federal Reserve said it will analyze in its annual stress tests how 33 large banks, including Bank of America Corp. and JPMorgan Chase & Co., would withstand a severe global recession, a doubling of the U.S. unemployment rate to 10 percent and moderate deflation. more
Brookline Bancorp Inc. on Thursday reported 2015 profit grew 15.5 percent to $52.4 million, or 71 cents per diluted share, compared with $45.3 million, or 62 cents per diluted share, in 2014. more
Despite a drop in fourth-quarter net income, Washington Trust Bancorp Inc. reported record-breaking 2015 profit totaling $43.5 million, or $2.54 per diluted share, which is a 6.5 percent increase compared with 2014’s results. more
Customers Bank Inc. finished a strong fourth quarter with an equally strong 2015, reporting net income for the year totaling $58 million, or $1.96 per diluted share, representing a 35.6 percent increase compared with 2014. more
The Federal Deposit Insurance Corp. has approved an interim rule to allow “well-managed community banks and thrifts” with less than $1 billion in assets qualify for the 18-month exam cycle. more
More than 50 credit union executives gathered at the Statehouse this month to brush shoulders with some of the state’s top political leaders. Paul Gentile, president and CEO of the Credit Union Association of Rhode Island, Massachusetts and New Hampshire. Gentile talks with Providence Business News about what the state’s credit unions are looking for this legislative session. more
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
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