Banking
210 results total, viewing 81 - 90
American teenagers earned average rankings in financial literacy, according to the results of an international study by the National Endowment for Financial Education. more
Banks stand to lose as much as $4.5 billion in annual revenue as regulations aimed at improving financial stability alter how interest-rate swaps are bought and sold, according to a report from McKinsey & Co. 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
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
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
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
Banco Santander SA, Spain’s biggest bank, will probably report an increase in second-quarter earnings, helped by gains at its U.K. unit and an improvement in its home market. more
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc rallied after Scots voted to stay in the U.K., avoiding months of turmoil that may have seen the lenders move to England. more
Interest in Royal Bank of Scotland Group PLC is building among potential investors as its capital position improves, according to U.K. Financial Investments Ltd., which manages Britain’s stakes in bailed-out banks. more
Bank of America Corp. agreed to pay $7.65 million to settle U.S. regulatory claims that it overstated its capital by billions of dollars after failing to report losses tied to its 2009 purchase of Merrill Lynch & Co. more
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