Financial Services
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Starkweather & Shepley ‘gets it right’ in Best’s Review magazine
Starkweather & Shepley Insurance Brokerage Inc. has been recognized as one of the “10 Agencies That Get It Right” by insurance industry publication Best’s Review magazine. more
| 1/3/13
KLR and Fay & Associates announce merger
The accounting firms of Kahn Litwin Renza & Co. Ltd. and Fay & Associates have merged effective Jan. 1, the firms announced Wednesday. more
| 1/2/13
BofA joins JPMorgan in having units ripe for sale, Mayo says
Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo. more
CVS Caremark announces results of tender offers
CVS Caremark Corp. has announced the final results of the cash tender offer that commenced on Nov. 26. more
| 12/26/12
BofA to close 4 more Mass. branches
Bank of America Corp. has detailed plans to close four additional branches in Massachusetts, reported the Boston Globe. more
| 12/26/12
BofA’s Moynihan said to kill proposal to cut pay for brokers
Bank of America Corp. CEO Brian T. Moynihan blocked a proposal to cut the main component of most brokers’ pay for 2013, said a person with direct knowledge of the matter. more
Wall Street sees biggest return since ’03 as workers suffer
For employees at the biggest Wall Street banks, 2012 brought a humbling post-crisis reality of job cuts, lower pay and tarnished reputations. For investors, it was a happier story. more
BofA shares more than double for year as CEO boosts capital
Bank of America Corp., the best performer in the Dow Jones Industrial Average for 2012, has more than doubled since the start of the year as the company rebuilds capital and investor confidence. more
Citizens’ Alemany named CEO ‘to watch’ in 2013
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 10 CEOs to watch in 2013 by American Banker. more
| 12/17/12
BofA jumbo-deal delay shows market on life support
A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s revival. more
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