Updated March 5 at 6:05pm
Banking
142 results total, viewing 81 - 90
Royal Bank of Scotland Group PLC said first-half profit almost doubled as impairment charges fell and forecast it will meet a cost-cutting target of 1 billion pounds ($1.7 billion) in 2014. The shares surged the most in almost three years. more
Credit market trading is drying up, posing a threat to the stability of the financial system that regulators are ignoring, according to strategists at Royal Bank of Scotland Group PLC in London. more
A landmark arts center on the waterfront of Santander is dividing the Spanish port city over the clout of its best-known native son Emilio Botin and his family’s banking dynasty. more
Royal Bank of Scotland Group PLC traders sought to manipulate Australia’s bank-bill swap rate, the local equivalent of the London interbank offered rate, the country’s securities regulator said. more
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted earnings of $9.8 million for the second quarter of 2014, an increase of 9.1 percent over net income of $9 million in the second quarter of 2013. more
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
Bank of America Corp., the second- biggest U.S. bank, said profit declined 43 percent as it spent $4 billion to cover litigation costs, including a mortgage settlement with American International Group Inc. more
Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst. more
Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
(Updated, Sept. 15, 11:05 a.m.) Citizens Financial Group Inc. announced Monday it will rebrand its more than 200 Charter One branches in Michigan and Ohio as “Citizens Bank” by mid-year 2015, part of its new unified brand strategy to create a consistent Citizens Bank presence across all 11 states in which the bank operates. more
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