Banking
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William Galvin, secretary of the Commonwealth of Massachusetts, has sent subpoenas to seven big banks and investment firms for “targeting the elderly pitching high-risk investments,” reported the Boston Business Journal. more
The Matchmaker Fair scheduled for Oct. 4 in Warwick could also be called “speed dating for small business,” said Mark S. Hayward, Rhode Island district director for the U.S. Small Business Administration. more
Commercial banking market manager for Santander talks about the Rhode Island market. more
RBS Citizens Financial Group Inc., the parent company of Citizens Bank, has launched “Bank Better” with its signature element being that no overdraft fees will be charged for transactions of $5 or less. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
The shareholder in Adler Pollock & Sheehan P.C. talks about whether advances in information technology is making fraud easier to accomplish, among other things. more
A financial analyst who follows TD Bank Group believes that a possible bid by the Canadian bank for the Royal Bank of Scotland’s U.S. subsidiary could face several roadblocks, the Philadelphia Business Journal reported Tuesday. more
PROVIDENCE – Sansiveri, Kimball & Co. has been named one of the 2013 Best Accounting Firms to Work For, according to an announcement from the Rhode Island firm. The recognition, bestowed by Accounting Today and Best Companies Group, names 100 firms from across the U.S. to the list. more
President and CEO of Mechanics Cooperative Bank talks about the recent Target security breach and the U.S. credit card system. more
RBS Citizens Financial Group is selling 94 of its Chicago-area Charter One bank branches for $315 million to U.S. Bancorp, Providence-based Citizens announced Tuesday. more
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