Updated May 24 at 4:24pm
Banking
434 results total, viewing 361 - 370
Royal Bank of Scotland Group PLC, the lender that spun off Citizens Financial Group Inc. last year, raised $2.6 billion with the sale of its last shares in the U.S. regional bank. more
It probably goes without saying, but the financial services sector has placed a tremendous amount of trust in its computers. They’re trusted to execute automated investment strategies, trusted to interact with customers, trusted to provide a truthful account of the activities of their human colleagues should the need arise for a witness for the prosecution. more
Welcome to Dow 18,000. You’re going to love it here. Or not. Some of the biggest investment managers on Wall Street certainly don’t seem to. more
To celebrate its 215th year in business, The Washington Trust Co. this month is launching a new marketing campaign to attract the next generation of customers. more
Washington Trust Co. recently opened its 21st full-service retail branch on the East Side of Providence, marking another step in its strategy to capture a larger share of deposits in Rhode Island. more
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
The Federal Reserve said it will analyze in its annual stress tests how 33 large banks, including Bank of America Corp. and JPMorgan Chase & Co., would withstand a severe global recession, a doubling of the U.S. unemployment rate to 10 percent and moderate deflation. more
BlackRock Inc.’s cash-management business has agreed to manage about $87 billion in assets for Bank of America Corp. clients as it seeks to build scale in an industry grappling with money-market fund regulations. more
Despite credit union loan growth outpacing bank lending nationwide last quarter, loan growth from both types of institutions was nearly the same in Rhode Island, according to a recent analysis. more
Bank Rhode Island last week announced that Jaime DeCosta has joined the bank as its new vice president and marketing manager, according to a press release. more
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