Financial Services
218 results total, viewing 121 - 130
Royal Bank of Scotland Group PLC settled for $275 million with investors who sued over the collapse of mortgage-backed securities, lawyers said in a court filing on Wednesday. more
Spain’s markets regulator fined Banco Santander SA, the country’s largest bank, 16.9 million euros ($23 million) over “serious” failings in the way it sold convertible bonds to customers before the financial crisis. more
Amica Mutual Insurance Co. reported net income of $149.5 million in 2013, more than double its 2012 profit of $71 million, according to financial results announced by Chairman, President and CEO Robert A. DiMuccio at the company’s annual meeting on Thursday. more
Royal Bank of Scotland Group PLC’s credit rating may be downgraded by Moody’s Investors Service after the bank said last month that full-year results would be hurt by provisions and conduct-related costs. more
Fidelity Investments, the second-largest U.S. mutual fund company, reported a 13 percent increase in operating income last year as the rally in equities boosted assets. more
FM Global is creating 36 new jobs in information technology at its corporate offices here, the company said in a press release Wednesday, among more than 300 hires made in Rhode Island in the last five years. more
A Chinese government investment fund is suing Rhode Island investment group Long Wharf Andover LP for allegedly failing to reimburse the fund’s contribution toward a real estate project after it fell through, the Boston Business Journal reported Thursday. more
Kenneth B. Martin joined Santander Bank N.A. as director of commercial markets, the bank announced Thursday. Martin will oversee Santander’s New England commercial business relationships with revenues up to $500 million. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
Brookline Bancorp Inc., parent company of Bank Rhode Island, posted earnings of $35.4 million for 2013, a decline of 4.7 percent compared with $37.1 million of net income for 2012. more
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