Financial Services
217 results total, viewing 121 - 130
The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said. more
Rhode Island’s gross domestic product grew 1.4 percent in real terms in 2013, according to data released Wednesday by the U.S. Bureau of Economic Analysis, ranking the Ocean State 33rd in the country for economic growth during the year. more
Santander UK PLC and Barclays PLC said they don’t plan to implement the kind of curbs on riskier home loans imposed by Britain’s two largest nationalized lenders. more
Falling interest rates have reduced the ability of U.S. corporate pension plans to fund their obligations to the lowest this year, according to the Bank of New York Mellon Corp. more
If the insatiable demand for bonds has upended the models you use to value them, you’re not alone. more
Royal Bank of Scotland Group PLC is plotting a retreat from Ireland after spending 15.3 billion pounds ($26 billion) over the past six years bailing out its operations in the country. more
(Updated, 3:26 p.m.) The city has filed a federal lawsuit against Santander Bank alleging that the financial institution ​discriminated against the city’s minority communities by refusing to make prime mortgage loans ​as required by the Fair Housing Act, according to a press release from Mayor Angel Taveras. more
Royal Bank of Scotland Group PLC agreed to sell its minority stake in a private-equity unit to an investor group led by buyout firm Adams Street Partners LLC, according to two people with knowledge of the matter. more
U.S. banks had $37.2 billion in first-quarter net income as mortgage and trading revenue fell, the Federal Deposit Insurance Corp. said in its quarterly report on industry earnings. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, plans to cut hundreds of U.S. jobs while shrinking its mortgage-trading business ahead of stiffer capital rules. more
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