Updated May 4 at 1:07pm
Financial Services
618 results total, viewing 581 - 590
U.S. banks had $37.2 billion in first-quarter net income as mortgage and trading revenue fell, the Federal Deposit Insurance Corp. said in its quarterly report on industry earnings. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, plans to cut hundreds of U.S. jobs while shrinking its mortgage-trading business ahead of stiffer capital rules. more
Bank of America Corp. rose the most in more than a year after the firm resubmitted its request for a bigger payout to the Federal Reserve. more
More than 175 students in 8th grade at Vincent J. Gallagher Middle School participated in the 9th annual CU4 Reality Financial Education Fair on May 15, according to Navigant Credit Union, sponsor of the fair, which is the culminating event of an ongoing school-year financial literacy program. more
Mark I. Levine has joined East Providence-based RISCO Insurance Brokerage as president of Florida operations to lead the firm’s expansion into a new geographical market region. “We have been expanding our geographic reach over the past five years and opening this location will take us to the next level,” said RISCO Insurance Brokerage President Peter Plumb. more
Rhode Island Attorney General Peter F. Kilmartin has put out a warning to alert bank customers about the latest debit card scam, in which the scammer seeks to get sensitive bank account information. more
Health care specialist for Starkweather & Shepley Insurance Brokerage talks about his new position and the impact of the Affordable Care Act on his work. more
South Eastern Economic Development Corp. has received a $25,000 grant from Rockland Trust Community Development Corp. to provide financial counseling to low- and moderate-income owners of small businesses in Rhode Island and Massachusetts. more
Jay Sidhu led Customers Bank to the top spot in Bank Director magazine’s 2014 Growth Leaders Ranking, announced April 29. It is the second year in a row Customers Bank earned the top rating, which is for core performance, the most comprehensive of four categories in the rankings, which also included core deposits, net loans and leases and noninterest income. more
Current accounting standards for goodwill are seen as complex because they require regular impairment testing and do not permit goodwill amortization. Goodwill impairment – when goodwill has become or is considered to be of lower value than at the time of purchase – became a public issue during the accounting scandals in 2002. more
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