Banking
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RBS fined $612M by regulators for manipulating Libor
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender and the parent company of Citizens Bank, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe. more
Rockland gives Embrace line of credit
Rockland Trust provided a $20 million line of credit to Newport-based Embrace Home Loans, according to a press release from the bank. more
Credit for Life offers financial literacy training
The Greater New Bedford Regional Vocational Technical High School hosted the first Credit for Life Fair on Jan. 23 that offered experiences in financial literacy to 560 students in the junior class. more
R.I. banks offer best 2-year returns in the U.S., study says
Accounts held in Rhode Island banks and credit unions offer some of the highest return rates in the nation, according to a newly released study from GoBankingRates.com. more
BankRI parent sees profits rise in 4Q, 2012
Brookline Bancorp Inc. – the parent company of Bank Rhode Island – saw its bottom line soar 66.1 percent during the fourth quarter of 2012 and 33.1 percent over the year as a whole, the bank announced Thursday. more
| 1/31/13
Wash Trust: record profit in ’12
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $35.1 million for 2012, an 18 percent increase in net income compared with $29.7 million in 2011. more
Pa.-based bank buys Flagstar’s New England business
(Updated, 12:20 p.m.) Customers Bank has announced the acquisition of all local New England commercial banking business from Michigan-based Flagstar Bank, according to a Customers Bank press release. more
Who decided U.S. megabanks are too big to jail?
Tom Hanks has a knack for playing the roles that define American generations. In “Saving Private Ryan,” he embodied the courage of the men who landed on the Normandy beaches under heavy fire. In “Apollo 13,” he conveyed calm and ingenuity under intense pressure: “Houston, we have a problem.” And Forrest Gump revealed much about America before, during and after the Vietnam War. more
Guest Column:
Simon Johnson | 2/11/13
BofA said to shift U.S. Trust’s bonuses to push for clients
Bank of America Corp. shifted bonuses at U.S. Trust to focus employees on adding clients and boosting account balances, a change that could mean lower pay for some members of the wealth-management unit. more
Citizens Bank promotes tax-credit campaign
The Citizens Bank Foundation is supporting the Earned Income Tax Credit Awareness Campaign with a $15,000 grant for media outreach, according to a press release. more
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