Updated July 7 at 8:07am
Financial Services
624 results total, viewing 601 - 610
A food company that regularly poisoned people wouldn’t expect to stay in business for long. A pharmaceutical company whose drugs made patients sick would be shut down. But a bank that repeatedly rips off its customers? Why, it can just keep paying fines, toss out a “mea culpa” press release, and get back to business as usual -- even when it’s 80 percent owned by taxpayers. more
Betsey A. Purinton, 64, the managing director and chief investment officer for StrategicPoint Investment Advisors in Providence, is 13 years into her latest career – and still growing. more
(Updated, 10:45 a.m.) Banco Santander SA cut a planned sale of as much as 2.5 billion euros ($3.3 billion) of the riskiest bank bonds to 1.5 billion euros. more
Fund managers, flush with $4.7 billion in fresh cash, are running out of options to catch up with the Standard & Poor’s 500 Index after trailing the measure’s record rally. more
Treasury two-year notes set for sale today were poised to draw the lowest yield in five months on speculation the Federal Reserve will keep interest rates low even as it ends its bond-buying program. more
Bank of America Corp., which agreed to a record $16.7 billion settlement of government mortgage probes in August, posted a surprise third-quarter profit as revenue from trading stocks and bonds increased. more
Treasuries rose, pushing 30-year bond yields down for a second day, as plunging oil prices added to investor expectations that inflation will remain subdued while the U.S. economy strengthens. more
Banco Santander SA said third-quarter profit rose 52 percent, beating estimates, as charges for bad loans dropped in Spain and earnings climbed in the U.K. and Brazil. more
Lawyers for JPMorgan Chase & Co., Barclays PLC, and units of Citigroup Inc. and Royal Bank of Scotland Group PLC filed into a courtroom some 60 miles northeast of Manhattan to admit to a global conspiracy to manipulate currency markets. more
Five of the biggest banks in the world pleaded guilty Wednesday to criminal charges and essentially admitted they defrauded their customers. more
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