Banking
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U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
Homebuyer seminar set for Oct. 10
The Smaller Business Association of New England Inc. will continue its Rhode Island breakfast series continues on Oct. 10. Speaking on that day will be Dan Guglielmo of TrustDesign in Franklin. more
Mechanics Cooperative supports first-time homebuyers
Mechanics Cooperative Bank of Taunton has been honored by receiving the Massachusetts Housing Partnership’s 2012 HomeSafe Award. more
Webster Bank’s $750,000 provides for Fall River Jobs
Webster Bank has provided Jobs for Fall River Inc., a charitable organization with a $750,000 equity equivalent investment. more
Five Questions With: Kevin O’Connell
Partner at Posternak, Blankstein & Lund LLP talks about bank mergers and acquisitions. more
BankRI employees help food bank surpass goal
Bank Rhode Island employees and customers spent 10 weeks this summer contributing to the Rhode Island Community Food Bank’s summer food drive, ultimately helping the organization to surpass its collection goal. more
10/1/12
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
RBS managers condoned Libor manipulation during expansion
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired. more
Bank of America helps Crossroads
Updated, 12 p.m.)Seventeen volunteer Bank of America employees recently spent the day working at Crossroads Rhode Island, located at 160 Broad St. Crossroads is a nonprofit organization that assists the homeless. more
Navigant goes mobile with new app
Navigant Credit Union customers can now do their banking anywhere, anytime with the credit union’s new mobile banking app. more
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