Banking
444 results total, viewing 31 - 40
Washington Trust’s Commercial Real Estate Group has provided $5.25 million in financing to Residences at Garden City LLC for the purchase of the Garden City Apartments residential complex in Cranston. more
Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. more
Bank of America Corp.’s Countrywide unit won tentative final approval of a $500 million securities class-action settlement with investors in its devalued residential mortgage-backed securities. more
Royal Bank of Scotland Group Plc is in talks to sell its minority stake in credit-card processor WorldPay Ltd. to its private-equity co-owners, according to two people with knowledge of the matter. more
Coastway Bancorp, the parent company of Coastway Community Bank, became a publicly traded company today, listed on the Nasdaq exchange under the symbol CWAY. The bank offering of $48.3 million in stock is listed at $10 per share. more
Managing partner of United Brokers Group talks about the firm’s new marine-brokerage division. more
Bank of America Corp., the second-biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims. more
The move of Edward O. “Ned” Handy III from his position as Citizens Bank president for Rhode Island and Connecticut to The Washington Trust Co. as president and chief operating officer suggests more than the transition of a well-respected banking executive from one financial institution to another. more
Customers Bancorp Inc., parent company of Customers Bank, reported third-quarter earnings of $8.3 million, or 33 cents per diluted share, an increase of 24.6 percent over the $6.6 million, or 51 cents per diluted share, reported for the same quarter in 2012. more
Bank of America Corp., the second-largest U.S. lender, is cutting about 1,300 more jobs in its mortgage division as the firm adjusts to lower demand, said two people with direct knowledge of the plans. more
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