Financial Services
639 results total, viewing 531 - 540
One of the most important, but largely ignored, results of the Great Recession is the fate of the Federal National Mortgage Association (better known as Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac). These two organizations are unique in that they were chartered by Congress, but have functioned as nongovernmental corporations. In Washington-speak they are Government-Sponsored Enterprises or GSEs. more
ROCKLAND, Mass. - Independent Bank Corp., parent of Rockland Trust Co., recorded an increase of 17.9 percent in earnings in 2013 over the previous year, the bank announced Thursday. Net income for … more
Coastway Bancorp, the parent company of Coastway Community Bank, became a publicly traded company today, listed on the Nasdaq exchange under the symbol CWAY. The bank offering of $48.3 million in stock is listed at $10 per share. more
Bank of America Corp., the second-biggest U.S. lender, said fourth-quarter profit more than quadrupled as the company quelled claims tied to defective mortgages. The results beat Wall Street estimates, and the stock rose 2.6 percent in New York. more
In 2013, Rhode Island businesspeople began to really believe in the recovery. A year earlier, with revenue rising and the Great Recession fading into memory, signs of optimism began emerging among local executives, at least about the prospects for their own enterprises. more
Banco Santander SA’s U.S. consumer lender subsidiary, which originates subprime loans for new-vehicle purchases and leases, is seeking to raise as much as $1.56 billion in an initial public offering. more
The Capital Good Fund has introduced a new meaning for IPO – a nonprofit Immediate Public Opportunity, the organization announced in mid-December. more
Homeowners with underwater mortgages, in which the value of the home is less than what’s owed on the mortgage, have not been required to pay taxes on the difference between the mortgage balance and the sale price in short sale through 2013, but that could change in 2014. more
Managing director of CBIZ Tofias’ Providence office talks about mergers and acquisitions of CPA firms and the biggest challenges CPA firms in Rhode Island will face in the next couple of years. more
Rhode Island and Massachusetts are both in line to receive funds from a national settlement with Ocwen Financial Corp. for abuses over mortgage foreclosures and servicing standards. more
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