Financial Services
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Citizens’ Alemany named 4th-most powerful woman in banking
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 25 most powerful women in banking by American Banker. more
| 10/2/12
U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
RBS managers condoned Libor manipulation during expansion
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired. more
WashTrust provides $4.8M financing for 40 Fountain St.
Washington Trust’s Commercial Real Estate Group provided $4.8 million in commercial mortgage financing to Emanon Associations LP for Providence’s Gardner Building. more
| 9/19/12
TheStreet upgrades Projo parent company’s rating
A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings. more
| 9/19/12
Oil climbs to 4-month high on Mideast unrest, Fed meeting
Oil climbed to a four-month high on concern that protests in the Middle East and North Africa may curb supply and on speculation that the Federal Reserve will unveil more stimulus measures. more
Mobile banking becoming more common, Andera says
American consumers are becoming more comfortable conducting banking business on mobile devices, according to a new report from financial software company Andera Inc. more
| 9/6/12
B of A reveals downtown plans
Bank of America will be moving its downtown office workers to 100 Westminster St. and 1 Financial Plaza as it exits 111 Westminster St., its home in Rhode Island since its predecessor built the iconic, 26-story structure in 1928. more
| 9/4/12
Beige Book: New England growth ‘continues to disappoint’
During June and July, economic growth in the New England region “continued to disappoint” as employment growth faltered and the region lost 2,500 jobs in June alone, according to the Beige Book report from the Federal Reserve Bank of Boston. more
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