Banking
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Alemany retiring; Van Saun to lead Citizens
PROVIDENCE – Chairman and CEO of RBS Citizens Financial Group Inc. Ellen Alemany will retire Oct. 1 after more than five years with the Providence-based group, according to a press release from the parent company, Royal Bank of Scotland Group PLC. more
5/13/13
BofA’s post-crisis picture optimistic
William F. Hatfield is president of Bank of America in the Rhode Island market, a position that allows him to see the details of the state’s economy as well as to cast an eye toward the nation. As the bank emerges from the “hard work” of cleaning up after the nation’s financial meltdown, Hatfield sees “great opportunity” for his company and the region. more

By Mark S. Murphy
PBN Editor | 5/13/13

Alemany set to retire from Citizens after 5 years at helm
Chairman and CEO of RBS Citizens Financial Group Inc. Ellen Alemany will retire Oct. 1 after more than five years with the Providence-based group, according to a press release from the parent company, Royal Bank of Scotland Group PLC. more
Van Saun to head Citizens in U.S. as Alemany retires
Royal Bank of Scotland Group Plc named Nathan Bostock as finance director to replace Bruce Van Saun, who is moving to run Citizens Financial Group Inc. as the British lender prepares to sell a stake in the U.S. division. more
BofA faces narrowed claims in lawsuit over Fannie Mae mortgages
A judge narrowed a $1 billion lawsuit by the U.S. against Bank of America Corp. over mortgages the bank and its Countrywide unit sold to Fannie Mae and Freddie Mac. more
BofA traders post gains all quarter as Morgan Stanley stumbles
Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight sessions, double the rate a year earlier. more
BofA settles ‘big kahuna’ mortgage suit as new case looms
Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished. more
Firm: Hackers craftier than most think
Even when businesses might consider their online information secure, there’s a chance that hackers have already gotten into their systems, according to Alan Goldsworthy, an executive with RazorThreat. more
Five Questions With: John Boudreau
Chief operating officer and co-founder of Warwick-based Astonish talks about the company’s work with insurance agencies. more
Spectra gets patent approved
Spectra Systems Corp. has received a notice of allowance, or approval, from the U.S. Patent and Trademark Office for its patent entitled “Currency Fitness and Wear Detection Using Temperature Modulated Infrared Detection.” more
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