Updated February 26 at 7:26pm
Financial Services
220 results total, viewing 21 - 30
Standard & Poor’s agreed to be suspended from rating the biggest part of the commercial-mortgage bond market and pay almost $80 million to state and federal authorities over claims it bent criteria to win business. more
In Rhode Island, car insurance premiums rise by an average of 35 percent after a single claim, which puts the Ocean State 22nd in the country for its increase, according to a new insuranceQuotes.com report. more
In what its CEO calls a “pivotal year,” Citizens Financial Group Inc. Monday reported net income of $865 million in 2014, an improvement on a $3.4 billion loss in 2013, which was fueled by a $4.1 billion after-tax goodwill impairment charge. Citizens reported earnings of $1.55 per diluted share for the year. more
TD Bank announced Thursday the promotion of Frank Casale who will take over as regional vice president for Rhode Island and southern Massachusetts. more
Independent Bank Corp., parent of Rockland Trust Co., reported a “record year for earnings” in 2014, with net income gains of 19.1 percent for the year, and 50.9 percent for the fourth quarter. more
Webster Financial Corp. Thursday announced its year-end earnings report, reflecting a year-over-year net income increase of 11 percent, which its CEO attributes in large part to an increased volume of lending. more
The Beacon Mutual Insurance Co. said Thursday that it will distribute a $2 million dividend payment among its 12,100 policyholders. more
Bank of America Corp., the second-largest U.S. lender, said fourth-quarter profit fell 11 percent as revenue from fixed-income trading declined. more
Investors who relax about the economy and focus on company earnings and valuation have the best shot of beating the market in 2015, according to the co-manager of last year’s best performing U.S. equity fund. more
Banco Santander SA Chairman Ana Botin is seeking backing from investors to raise as much as 7.5 billion euros ($8.9 billion) in new funds as she shapes her vision for Spain’s biggest bank less than four months after taking over. more
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