Updated September 27 at 3:27pm
Banking
115 results total, viewing 101 - 110
Payrolls and wage growth soared in October, prompting the market to fortify its resolve that the Federal Reserve will deliver its first interest rate hike in roughly nine and a half years in December. more
BlackRock Inc.’s cash-management business has agreed to manage about $87 billion in assets for Bank of America Corp. clients as it seeks to build scale in an industry grappling with money-market fund regulations. more
Royal Bank of Scotland Group PLC, the lender that spun off Citizens Financial Group Inc. last year, raised $2.6 billion with the sale of its last shares in the U.S. regional bank. more
Citizens Financial Group Inc. on Friday reported both revenue and profit growth in the third quarter, as net income increased 16.4 percent to $220 million, or 40 cents per diluted share, compared with the same period last year. more
CVS Health Corp. pays among the highest taxes in the nation, according to WalletHub, which released its S&P 100 tax rates report on Wednesday. more
Despite strengthening its asset quality, Washington Trust Bancorp Inc. on Monday reported net income falling 3.1 percent to $10.2 million in this year’s third quarter, a drop it attributes largely to stiff competition in the lending market. more
Bank of America Corp. CEO Brian T. Moynihan said that even if Wall Street reforms were scaled back by politicians, he wouldn’t change how he runs the company, including the extra capital the firm holds. more
Reporting its 24th consecutive quarter with year-over-year revenue growth, Webster Financial Corp., parent of Webster Bank NA, on Thursday announced its third-quarter earnings, which included net income of $51.5 million, a 2.1 percent increase. Earnings per diluted share increased 1 cent to 54 cents. more
Bank of America Corp. showed it could follow through on its plans to cut costs. Shares of the Charlotte, N.C.-based firm rose 0.8 percent to $15.64, the only gain in the 24-company KBW Bank Index. more
Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates. more
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