Banking
447 results total, viewing 331 - 340
The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said. more
RBS Citizens Financial Group has closed on the sale of its Chicago-area Charter One retail branches to U.S. Bancorp for $315 million, Citizens announced Monday. more
Citizens Financial Group Inc. announced Monday it will rebrand its more than 200 Charter One branches in Michigan and Ohio as “Citizens Bank” by mid-year 2015, part of its new unified brand strategy to create a consistent Citizens Bank presence across all 11 states in which the bank operates. more
Bank of America Corp., the second-biggest U.S. lender, swung to a surprise loss as the company booked $6 billion of costs tied to mortgage disputes. more
The Rhode Island Public Expenditure Council on Monday released a report outlining a suggested performance management framework for evaluating the regulatory agency responsible for overseeing the state’s banking sector. more
State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as the third-largest custody bank seeks to reduce expenses to combat the impact of low interest rates. more
Bank of America Corp. asked a judge to dismiss a U.S. Justice Department lawsuit in which it is accused of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities. more
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
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