Updated March 27 at 4:27pm
Banking
141 results total, viewing 111 - 120
The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said. more
Santander UK PLC and Barclays PLC said they don’t plan to implement the kind of curbs on riskier home loans imposed by Britain’s two largest nationalized lenders. more
Royal Bank of Scotland Group PLC is plotting a retreat from Ireland after spending 15.3 billion pounds ($26 billion) over the past six years bailing out its operations in the country. more
(Updated, 3:26 p.m.) The city has filed a federal lawsuit against Santander Bank alleging that the financial institution ?discriminated against the city’s minority communities by refusing to make prime mortgage loans ?as required by the Fair Housing Act, according to a press release from Mayor Angel Taveras. more
Royal Bank of Scotland Group PLC agreed to sell its minority stake in a private-equity unit to an investor group led by buyout firm Adams Street Partners LLC, according to two people with knowledge of the matter. more
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
Financial advice and ratings website GoBankingRates.com has identified Citizens Bank as the best bank in the nation for baby boomers, based on its excellent customer service and accessibility, as well as its planning services and bank accounts designed for older customers. more
The Rhode Island Public Expenditure Council on Monday released a report outlining a suggested performance management framework for evaluating the regulatory agency responsible for overseeing the state’s banking sector. more
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