Financial Services
217 results total, viewing 171 - 180
Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, must face a lawsuit by a bond insurer over what it claims was the bank’s sale of $1.15 billion of securities backed by “thousands of defective and fraudulently originated” home loans. more
Bank of America Corp. is cutting jobs today across co-Chief Operating Officer Thomas Montag’s global trading and investment banking divisions, according to three people with direct knowledge of the decision. more
The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the Federal Reserve completes stress tests of their ability to survive new economic calamities. more
Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011. more
Wall Street’s bonus pool rose 15 percent to $26.7 billion in 2013 as profits from broker-dealer operations on the New York Stock Exchange fell 30 percent, according to estimates by New York state Comptroller Thomas DiNapoli. more
J.D. Power has ranked Amica Mutual Insurance Co. highest in overall customer satisfaction with regard to homeowners insurance claims. more
FM Global on Tuesday reported full-year 2013 net income of $1.02 billion, a 31.9 percent increase over the $774.4 million reported in 2012. Although the commercial property insurer saw its net revenue drop 1.1 percent last year to $4.02 billion from $4.06 billion a year earlier, gross premiums earned increased 5 percent to $5.6 billion. more
Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth consecutive drop in first-quarter trading, a period of the year when the largest investment banks typically earn the most from that business. more
Rhode Island placed No. 10 in a study that ranked the 10 U.S. states with the highest percentage of top-rated 401(k) retirement plans. more
The Washington Trust Co., a wholly-owned subsidiary of Washington Trust Bancorp Inc., has expanded its relationship with payment processing company Vantiv to include credit card merchant services, the bank announced Monday. more
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