Banking
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Five Questions With: Norman LeBlanc
CPA and KLR shareholder talks about the company’s work and developing client relationships. more
Webster taps SapientNitro
Webster Bank has named SapientNitro as its marketing agency of record, according to a press release from the bank. The marketing efforts will include research and strategy development, website development, online creative, print and radio advertising and broadcast production. Webster Bank has been working with Sapient Nitro since 2007. more
Website details ability-to-pay rule
BETHESDA, Md. – The new ability-to-repay rule on mortgage financing that goes into effect in Jan. 10, 2014 is enormous in scope, so complex that it’s detailed in an 804-page volume, according to the website www.insidemortgagefinance.com more
Website: Credit card holders paying on time
More credit card holders are paying their bill on time, as shown by the lowest credit card delinquency rate in 18 years, according to the website lowcards.com. more
Wash. Trust among ‘satisfactory’ banks
Several banks in Rhode Island, Massachusetts and Connecticut received “satisfactory” ratings in the Federal Deposit Insurance Corp.’s April list of banks examined for compliance with the Community Reinvestment Act, according to the FDIC. more
Europe’s banks may need to shrink to cut costs, Barclays says
The European banking industry may have to consolidate further if revenues don’t recover and firms don’t achieve their cost-savings targets, according to a Barclays PLC research note. more
RBS likely to face more Libor sanctions, Japanese watchdog says
Royal Bank of Scotland Group Plc faces further sanctions in Japan after the country’s securities regulator found traders at Britain’s biggest publicly owned lender attempted to manipulate benchmark interest rates. more
BofA to revamp branch design to attract customers
Bank of America Corp. plans to renovate its 5,400 domestic branches to include tablet-carrying employees and couch and chair lounge areas for customer use in order to coax customers back into its branches, according to a report from USA Today. more
RBS shareholders sue for $6B on 2008 rights offering
Royal Bank of Scotland Group Plc and former CEO Fred Goodwin were sued by about 12,000 shareholders who said the lender misled them in 2008 when it issued new shares months before a government bailout. more
BofA finds profit in foreign credit maneuvers
Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code. more
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