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Charles Schwab Corp., whose antitrust claims against banks over manipulation of the London interbank offered rate were tossed from federal court in New York, sued Bank of America Corp. and other financial institutions for fraud in state court in San Francisco.
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By Karen Gullo |
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Royal Bank of Scotland Group Plc will pay $10 million in fines and $3.9 million in restitution to settle two banking regulators’ claims that the lenders’ U.S. units deceived retail banking customers.
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By Jesse Hamilton |
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Bank of America Corp. urged a federal judge to throw out a $1 billion fraud lawsuit filed by the U.S. alleging it sold defective residential mortgage loans to Fannie Mae and Freddie Mac that defaulted.
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By Patricia Hurtado |
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Banco Santander SA, Spain’s biggest bank, named Javier Marin as its new CEO, turning to a leader from a younger generation after Alfredo Saenz resigned.
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By Charles Penty |
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Brookline Bancorp Inc. – the parent company of Bank Rhode Island – saw its bottom line rise 38.8 percent during the first quarter of 2013, the bank announced Thursday.
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By PBN Staff
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(Updated, 1:05 p.m.)
Washington Trust Bancorp Inc., parent company of The Washington Trust Co., reported first-quarter net income of $7.4 million, or 45 cents per diluted share, on Monday, a decline of 12.1 percent from the first three months of 2012.
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By Rhonda Miller |
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Newport Bancorp Inc., parent of Newport Federal Savings Bank, saw its bottom line fall 64.9 percent year over year during the first quarter of 2013.
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By PBN Staff
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On J.D. Power and Associates 2013 retail banking ratings for New England, both Bank of America and Citizens Bank ranked “about average” across the board, while Sovereign Bank was labeled as “the rest,” the lowest available score.
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By PBN Staff
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(Updated, 10:15 a.m.) Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3 percent in early trading.
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By Hugh Son |
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Royal Bank of Scotland Group PLC dismissed a London-based interest-rates trader, weeks after settling with regulators over its part in the Libor scandal, two people with knowledge of the situation said.
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By Liam Vaughan and Gavin Finch |