Updated May 27 at 7:27pm
Banking
140 results total, viewing 131 - 140
JPMorgan Chase & Co. engaged in a “pattern of discriminatory” lending that led to foreclosures, the city of Miami said in a lawsuit filed last week in federal court, the latest in a series of similar claims against the nation’s largest banks. more
Royal Bank of Scotland Group Plc would benefit the most among U.K. lenders from a rise in interest rates as it retreats from investment banking, according to analysts at Sanford C. Bernstein Ltd. more
The Washington Trust Co. collected approximately 10,000 pounds, or more than five tons, of peanut butter during its 14th annual Washington Trust Peanut Butter Drive to benefit the Rhode Island Community Food Bank and other food pantries across the state. more
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
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