Updated August 31 at 5:31pm
Banking
441 results total, viewing 401 - 410
Santander Bank has awarded grants totaling $35,000 to four different Rhode Island nonprofits as part of $2.3 million distributed to 108 leading community organizations nationwide. The awards include a $10,000 grant to Crossroads Rhode Island in Providence; a $5,000 grant to Project GOAL (Greater Opportunity for Athletes to Learn) Inc. in Providence; a $5,000 grant to the Boys & Girls Club of Pawtucket; and $15,000 to the Pawtucket Central Falls Development Corporation. more
Six local banks and nine credit unions earned a 5-Star Superior rating from BauerFinancial Inc., including People’s Credit Union for the 96th consecutive quarter. more
PROVIDENCE – A $470 million state-federal settlement with HSBC to address mortgage origination, servicing and foreclosure abuses will allow more than 1,150 Rhode Island borrowers to be eligible for relief, Attorney General Peter F. Kilmartin … more
Few banks face as much pressure as Bank of America Corp. on Thursday, when the Federal Reserve posts initial results from annual stress tests just 30 minutes before U.K. polls close on the so-called Brexit vote. more
Bankers trying to determine if their paychecks would be subject to a new set of U.S. rules may find that the issue is more about how they’re paid -- rather than how much. more
Hedge funds are attempting to buy the dip, according to the latest client flows data from Bank of America Merrill Lynch. more
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
Banco Santander SA built up capital in the fourth quarter, easing investor concern about its ability to bolster buffers, as Spain’s largest lender booked charges that wiped out profit. more
Joseph J. MarcAurele is chairman and CEO of Washington Trust Bancorp Inc., parent company of Westerly-based The Washington Trust Co. The company last week reported record earnings for 2015, marking the second year in a row with record-breaking profit. MarcAurele talks with Providence Business News about what it would take to continue the trend in 2016. more
In the worst start for the U.S. stock market since 2009, investors have been aggressively loading up on shares of companies with the sturdiest earnings momentum. more
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