Banking
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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
WCU employees certified as financial counselors
Two Westerly Credit Union staff members have completed training and been awarded the designation of Certified Financial Counselor, according to a press release. more
Customers Bank earns top marks on Bank Director list
Bank Director magazine has awarded Customers Bank high rankings in two categories of the magazine’s 2013 Growth Leaders Ranking list, the bank announced Monday. more
BofA, Wells Fargo to be sued over mortgage deal
Bank of America Corp. and Wells Fargo & Co. will be sued by the state of New York for allegedly violating terms of a $25 billion nationwide settlement over foreclosure practices. more
Customers brings new name, familiar faces
There’s a new financial presence in Rhode Island, Customers Bank, with some familiar faces, including Steve Issa, the bank’s New England market president. more

By Rhonda Miller
PBN Staff Writer | 5/6/13

BofA among banks sued by Schwab over alleged Libor manipulation
Charles Schwab Corp., whose antitrust claims against banks over manipulation of the London interbank offered rate were tossed from federal court in New York, sued Bank of America Corp. and other financial institutions for fraud in state court in San Francisco. more
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