Updated March 27 at 1:27pm
Financial Services
215 results total, viewing 151 - 160
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
Bank of America Corp., the second- biggest U.S. bank, said profit declined 43 percent as it spent $4 billion to cover litigation costs, including a mortgage settlement with American International Group Inc. more
Global private equity firm Providence Equity Partners on Tuesday announced its investment in Mauritius-based Helios Towers Africa as part of a $630 million fundraising round by the independent telecommunications tower company. more
U.S. stocks advanced, after the Standard & Poor’s 500 Index posted its biggest weekly loss in three months, on an increase in takeover activity and better-than-forecast earnings from Citigroup Inc. more
Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst. more
Tao Sun, who led Providence Equity Partners Inc.’s investing team in China, has left the private- equity firm after three years, according to a person familiar with the move. more
Fidelity Investments will lay off 460 employees in Kentucky and Texas over the next 12 to 18 months following the outsourcing of the company’s printing and mailing operations. more
Moody’s Investors Service has affirmed its “Baa2” rating of Pawtucket’s $34.9 million in long-term general obligation bonds and raised the city’s rating outlook from negative to stable. more
Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
Former Alex and Ani CEO Giovanni Feroce has formed an investment firm in Providence focused on backing retail and media ventures, he said in an interview with Providence Business News. The new firm, called GF Asset Management LLC, has about a dozen employees based in offices at 39 Pike St. in the Fox Point section of the city. more
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