Updated March 31 at 5:31pm
Banking
419 results total, viewing 51 - 60
(Updated 10:35 a.m.) The Federal Reserve said all 31 big banks subjected to a stress test have sufficient capital to absorb losses during a sharp and prolonged economic downturn. more
Managing sales director with Baystate Financial discusses the Rhode Island market, how the industry has changed and his investment philosophy. more
Providence-based RBS Citizens Financial Group’s failure to meet some requirements of the Federal Reserve’s “stress test” for financial institutions has been downplayed by the bank and some analysts who don’t see it significantly impacting the bank’s announced 25 percent initial public offering later this year. more
Bank of America Corp., the second-biggest U.S. bank, raised its quarterly dividend to 5 cents a share and dropped plans to buy back stock after the Federal Reserve approved its resubmitted capital plan for 2014. more
(Updated, 1 p.m.) Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. more
It’s not common to see fiscally conservative-minded establishments like banks gambling on a football game, but that is exactly what The Washington Trust Co. has done for Sunday’s Super Bowl. more
Fannie Mae and Freddie Mac will let borrowers who have gone through foreclosure buy back their homes at market prices under a policy shift announced by the regulator for the two U.S.-owned companies, Bloomberg News reported. more
(Updated, 10:45 a.m.) Banco Santander SA cut a planned sale of as much as 2.5 billion euros ($3.3 billion) of the riskiest bank bonds to 1.5 billion euros. more
A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley. more
Royal Bank of Scotland Group Plc plans to remove its U.S. unit Citizens Financial Group Inc. from its balance sheet this year in one or two more share sales. more
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