Banking
135 results total, viewing 91 - 100
Bank of America Corp.’s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital LLC had a role in selecting assets for two 2006 mortgage-backed securities. more
Royal Bank of Scotland Group PLC will pay $100 million to settle U.S. and New York regulators’ allegations that it violated sanctions programs targeting Iran, Sudan, Burma and Cuba. more
Royal Bank of Scotland Group PLC said Nathan Bostock resigned two months after becoming chief financial officer as Britain’s biggest government-owned lender struggles to return to profit. more
The TD Charitable Foundation, the charitable giving arm of TD Bank, has awarded $2.5 million in grants to support 25 affordable housing initiatives in 13 states through its eighth annual “Housing for Everyone” grant competition. more
Brookline Bancorp Inc. – the parent company of Bank Rhode Island – announced Friday that Julie A. Gerschick, the bank’s chief financial officer and treasurer, will resign effective Dec. 31. more
Bank of America Corp., the second-biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims. more
Citizens Bank’s mobile banking apps for the iPhone and Android platforms have earned Javelin Strategy & Research’s 2013 Highest Mobile Banking Smartphone Ratings award, following favorable reviews by customers in the Apple App Store and Google Play. more
U.S. Bancorp, the largest bank based in the Midwestern U.S., is the leading contender to buy the Chicago branches of Citizens Financial Group Inc. because smaller bidders are wary of raising capital to fund the deal, people with knowledge of the matter said. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond holders “looked minuscule” to sophisticated investors, a lawyer for opponents of the agreement told a Manhattan judge. more
Canada’s Toronto-Dominion Bank is expanding its U.S. mortgage lending by holding loans on its books – a business model U.S. banks are just starting to revive as policy makers seek to reduce the government’s dominant role. more
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