Banking
433 results total, viewing 261 - 270
The Washington Trust Co. moved to the top of the list in profits in 2013 among 10 Rhode Island-based banks, while the previous year’s most profitable, RBS Citizens Financial Group, dropped to the bottom, according to the latest Federal Deposit Insurance Corp. industry report. more
Royal Bank of Scotland Group PLC, Britain’s biggest government-owned lender, reached an agreement to end the U.K. Treasury’s dividend access share, bringing the company a step closer to paying dividends. more
Bank of America Corp.’s Countrywide unit and insurer Allstate Corp. settled a 2010 lawsuit over $700 million in devalued mortgage-backed securities. Terms of the accord weren’t revealed. more
Washington Trust’s Commercial Real Estate Group provided $1.5 million in financing to Darin Hospitality Group LLC for refinancing of a ground lease on a parcel of more than five acres currently leased to Whole Foods Market more
Santander head of seafood-industry banking talks about the new position and the importance of the segment in the bank’s portfolio. more
Webster Bank is hosting its “Homebuyer Open House” at 50 of the bank’s locations on Saturday, April 12 from 9 a.m. to noon, according to a March 31 announcement from the bank. The open house will be held at bank branches in Rhode Island, Massachusetts, Connecticut and New York. more
Bristol County Savings Bank posted a net income of $9.9 million year-end 2013, an increase of 4.8 percent over the previous year, Chairman Dennis M. Cody said at the annual meeting of Beacon Bancorp, parent company of the bank, in March. more
Providence doesn’t have a monopoly on former Bank of America office buildings. more
Providence-based RBS Citizens Financial Group’s failure to meet some requirements of the Federal Reserve’s “stress test” for financial institutions has been downplayed by the bank and some analysts who don’t see it significantly impacting the bank’s announced 25 percent initial public offering later this year. more
Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid CEOs last year, according to a study by pay expert Graef Crystal. more
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