Banking
433 results total, viewing 21 - 30
Bank of America Corp.’s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital LLC had a role in selecting assets for two 2006 mortgage-backed securities. more
Coastway Community Bank is preparing for an initial public offering during the first quarter of 2014 in order to raise additional capital to meet the high demand for lending the bank is experiencing. more
Portfolio manager at WhaleRock Point Partners talks about the biggest issues facing the clients of the investment-portfolio-management firm. more
Royal Bank of Scotland Group PLC will pay $100 million to settle U.S. and New York regulators’ allegations that it violated sanctions programs targeting Iran, Sudan, Burma and Cuba. more
RBS Citizens is considering adding 800 employees in positions including loan originators for small- and mid-sized businesses and in wealth management divisions, according to Boston Business Journal. more
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $36.2 million for 2013, an increase of 3.1 percent compared with $35.1 million of net income for 2012. more
Bank of America Corp.’s Countrywide unit should pay the maximum of $2.1 billion in penalties for selling defective mortgage loans to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, the U.S. said. more
For three months Alysha Brock skipped her job as a business analyst at Citizens Bank in Providence and instead did volunteer work for a nonprofit after-school program in Woonsocket, yet she never missed a paycheck. more
The $20 million investment raised by e-commerce startup Teespring in December was a fitting end to 2013, even if the news broke early this year. more
Vice president of Navigant Credit Union talks about the financial institution’s new residential-lending product and the real estate market in Rhode Island. more
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