Banking
443 results total, viewing 281 - 290
Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of an error in its stress-test submission to the Federal Reserve. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, jumped by the most in more than two years in London after reporting a threefold gain in quarterly profit. more
A landmark arts center on the waterfront of Santander is dividing the Spanish port city over the clout of its best-known native son Emilio Botin and his family’s banking dynasty. more
Scotland’s financial-services industry is threatening to head for the border, with Royal Bank of Scotland Group PLC and Lloyds Banking Group PLC saying they plan to move to England if the country votes for independence. more
Citizens Financial Group Inc. on Monday announced the appointment of LPL Financial Chairman and CEO Mark Casady and Royal Bank of Scotland Group non-executive director Robert Gillespie to its board of directors. more
Bank of America Corp.’s gaffe on U.S. stress tests has meant “tough consequences” for investors, CEO Brian T. Moynihan said Wednesday as his staff and directors regrouped to figure out what went wrong. more
Royal Bank of Scotland Group Plc would benefit the most among U.K. lenders from a rise in interest rates as it retreats from investment banking, according to analysts at Sanford C. Bernstein Ltd. 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
Bank of America Corp.’s Countrywide unit and insurer Allstate Corp. settled a 2010 lawsuit over $700 million in devalued mortgage-backed securities. Terms of the accord weren’t revealed. more
Bank of America Corp. and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares. more
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