Banking
447 results total, viewing 291 - 300
The U.S. Small Business Administration supported lending totaling $68.6 million to Rhode Island businesses in the fiscal year ended Sept. 30, a decline of 21.6 percent from the $87.5 million loaned to local companies through the federal agency’s programs a year earlier. more
Bank of America Corp.’s Countrywide unit won tentative final approval of a $500 million securities class-action settlement with investors in its devalued residential mortgage-backed securities. more
The owner of Providence’s “Superman Building” is suing former tenant Bank of America Corp. for leaving Rhode Island’s tallest building in poor condition. more
Royal Bank of Scotland Group PLC was ordered to pay $50 million by a federal judge in Connecticut as part of a settlement for rigging the London interbank offered rate. more
Banco Santander SA’s U.S. consumer lender subsidiary, which originates subprime loans for new-vehicle purchases and leases, is seeking to raise as much as $1.56 billion in an initial public offering. more
BankNewport employees recently presented donations totaling $450 to Newport Hospital’s Vanderbilt Rehabilitation Center Survivorship Training and Rehabilitation (the STAR Program), during the bank’s “Dress Casual for a Cause” program, where employees donate for the opportunity to dress casual on Fridays during a designated month. more
Bank Rhode Island collected more than 665 gifts for local kids during its 16th annual “Holiday Giving Tree” program held in November and December last year. more
Regulators rightly want to remedy a serious flaw in the financial system: The complexity of bank capital requirements has made them vulnerable to manipulation. In the rush to embrace simplicity, however, policymakers could inadvertently make safe investments unattractive for banks. more
Bank of America Corp. won’t face damages claims related to its 2009 Merrill Lynch acquisition in a lawsuit filed by the N.Y. Attorney General’s Office. more
Bank of America Corp. CEO Brian T. Moynihan said trading operations were profitable almost every day last quarter as the lender helped clients adjust to the prospect of higher interest rates. more
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