Banking
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Gim to succeed Daukas as WashTrust executive VP
Galan G. Daukas, former executive vice president of wealth management at Washington Trust Bancorp. Inc., resigned his position, effective May 20. Gaukas will be succeeded by Mark K. Gim, according to a bank filing with the Securities and Exchange Commission. more
| 5/24/13
Customers increases public offering amount to $90M
Customers Bancorp Inc., parent company of Customers Bank, has increased its previously announced offering of $75 million of common stock to $90 million, the bank announced Wednesday. more
RBS chairman signals further job cuts, branch closures to come
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
TD Bank has new leadership in R.I., but direction remains same
TD Bank has chosen a banking industry veteran to take over its Rhode Island and Boston metro south market. Kevin F. Malone has been named TD Bank market president for Boston, southern Massachusetts and Rhode Island. more
Alemany set to retire from Citizens after 5 years at helm
Chairman and CEO of RBS Citizens Financial Group Inc. Ellen Alemany will retire Oct. 1 after more than five years with the Providence-based group, according to a press release from the parent company, Royal Bank of Scotland Group PLC. more
Van Saun to head Citizens in U.S. as Alemany retires
Royal Bank of Scotland Group Plc named Nathan Bostock as finance director to replace Bruce Van Saun, who is moving to run Citizens Financial Group Inc. as the British lender prepares to sell a stake in the U.S. division. more
BofA faces narrowed claims in lawsuit over Fannie Mae mortgages
A judge narrowed a $1 billion lawsuit by the U.S. against Bank of America Corp. over mortgages the bank and its Countrywide unit sold to Fannie Mae and Freddie Mac. more
BofA traders post gains all quarter as Morgan Stanley stumbles
Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight sessions, double the rate a year earlier. more
BofA settles ‘big kahuna’ mortgage suit as new case looms
Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished. more
Customers Bank earns top marks on Bank Director list
Bank Director magazine has awarded Customers Bank high rankings in two categories of the magazine’s 2013 Growth Leaders Ranking list, the bank announced Monday. more
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