Banking
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A landmark arts center on the waterfront of Santander is dividing the Spanish port city over the clout of its best-known native son Emilio Botin and his family’s banking dynasty. more
Royal Bank of Scotland Group PLC traders sought to manipulate Australia’s bank-bill swap rate, the local equivalent of the London interbank offered rate, the country’s securities regulator said. more
Webster Bank is looking for ways to expand its franchise in Rhode Island in both commercial and consumer banking, Chairman and CEO James C. Smith told Providence Business News following the release of the bank’s second quarter 2014 earnings. more
The South Eastern Economic Development Corp. has closed on a $90,000 small-business loan to the Learning Center of Hopkinton, allowing the business to expand and create two full-time jobs, according to an announcement by SEED. more
A seminar on “Taking Your Small Business Global” will be held July 31 in Woonsocket, sponsored by the Rhode Island district office of the U.S. Small Business Administration. more
Partner in the litigation department of Higgins, Cavanagh & Cooney talks about his firm’s association with ALFA International. more
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted earnings of $9.8 million for the second quarter of 2014, an increase of 9.1 percent over net income of $9 million in the second quarter of 2013. more
With some 95 percent of today’s consumers beyond our borders, it is difficult not to acknowledge that the United States needs to increase its exports in order to thrive economically. As consumer strength grows across the globe in the years ahead, the U.S. must ensure that it is pursuing every course of action possible to get American exports into the world’s expanding marketplace. One such method is through the use of the Export-Import Bank of the United States. more
In the 2014 marketing plan for BayCoast Bank, Senior Vice President and Chief Marketing Officer Jim Rice included a section called, “The Invasion of the Non-Banks.” more
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
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