Banking
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BofA shares more than double for year as CEO boosts capital
Bank of America Corp., the best performer in the Dow Jones Industrial Average for 2012, has more than doubled since the start of the year as the company rebuilds capital and investor confidence. more
Citizens’ Alemany named CEO ‘to watch’ in 2013
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 10 CEOs to watch in 2013 by American Banker. more
| 12/17/12
BofA jumbo-deal delay shows market on life support
A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s revival. more
BofA customer satisfaction hits 10-yr low
Customer satisfaction at the Bank of America is at a 10-year low, The Boston Globe reported. more
| 12/11/12
Andera named one of ‘10 Tech Companies to Watch’
Providence-based Andera Inc. has earned a spot on American Banker’s list of 10 Tech Companies to Watch thanks to its account and loan origination software. more
Bristol County Savings acquires 4 new branches
Bristol County Savings Bank is acquiring four branches – in Fall River, New Bedford and Raynham – from Boston-based Admirals Bank. more
BofA wins on limitations of Countrywide securities lawsuits
Bank of America Corp. may limit its exposure to claims by Countrywide Financial mortgage-backed securities investors after a federal judge said she may have erred two years ago by allowing some claims to proceed. more
U.S. banks have provided $26.1B under foreclosure accord
The five largest U.S. mortgage servicers have provided about $26.1 billion for borrowers so far under a $25 billion settlement over abusive foreclosure practices, according to a court-appointed monitor. more
BofA’s client-meeting quota is said to rile equities staff
Bank of America Corp. salespeople assigned to the world’s biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients, or else. more
Warren Group admits error in Sept. Mass. foreclosure data
The Warren Group has revised its September Massachusetts foreclosure start figures, acknowledging that the totals it initially released were incomplete. more
| 11/12/12
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