Financial Services
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Dollar Sibor may be dropped amid global rate-rigging probe
Singapore’s central bank and a group of lenders are considering putting an end to the city-state’s U.S. dollar-linked interbank lending rate as regulators worldwide probe allegations of rigged benchmark borrowing costs, a person with knowledge of the matter said. more
Expiring laws, election complicate tax planning
(Editor’s note: This is the first in a three-part series on tax-planning considerations and strategies for tax year 2012.) more
10/22/12
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
Loan to Potters Guild expected to create jobs
TAUNTON, Mass. – The South Eastern Economic Development (SEED) Corporation recently made a micro loan to Newport Potters Guild to enable the small business to start a pottery and clay art gallery and create four new jobs. more

By PBN Staff | 6/16/09
Starkweather & Shepley expands in Conn. with acquisition
Starkweather & Shepley Insurance Brokerage Inc. has acquired Ansonia, Conn.-based independent insurance agency Ned Miller Associates, the company announced Wednesday. more
| 11/7/12
Mobile banking becoming more common, Andera says
American consumers are becoming more comfortable conducting banking business on mobile devices, according to a new report from financial software company Andera Inc. more
| 9/6/12
Short-sale rule changes drive sales
More than four years after the foreclosure crisis familiarized Americans with short sales – selling properties for less than the outstanding balances on their mortgages – the barriers to completing them are slowly coming down. more

By Patrick Anderson
PBN Staff Writer | 9/17/12

RBS CEO expects to pay over Libor manipulation
Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, said it expects to pay a fine in the coming months to settle regulators’ probes into allegations the lender tried to manipulate Libor. more
Mayhew to succeed Colella as CEO of OceanPoint Insurance
Douglas K. Mayhew, a 26-year veteran of the insurance industry, has been named president and CEO of OceanPoint Insurance Agency Inc. effective Jan. 1, 2013. more
Dividends may lose tax-favored status in 2013
(Editor’s note: This is the final installment in a three-part series on tax-planning considerations and strategies for tax-year 2012.) more
11/5/12
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