Banking
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Dollar Sibor may be dropped amid global rate-rigging probe
Singapore’s central bank and a group of lenders are considering putting an end to the city-state’s U.S. dollar-linked interbank lending rate as regulators worldwide probe allegations of rigged benchmark borrowing costs, a person with knowledge of the matter said. more
Investors most bullish on banks since 2007, BofA survey shows
Investors are the most optimistic on banks since the top of the bull market in 2007, bolstered by record-low interest rates and an improving outlook for global growth and profits, a Bank of America Corp. survey showed. more
Mullaney opens N.K., Prov. offices
Mullaney Management & Trust has announced the opening new offices in Providence and North Kingstown, according to a press release. more
Coastway opening ‘prototype’ branch
Coastway Community Bank announced the opening of its prototype retail branch on Comstock Parkway in Cranston on Jan. 28, according to a press release from the bank. more
Who decided U.S. megabanks are too big to jail?
Tom Hanks has a knack for playing the roles that define American generations. In “Saving Private Ryan,” he embodied the courage of the men who landed on the Normandy beaches under heavy fire. In “Apollo 13,” he conveyed calm and ingenuity under intense pressure: “Houston, we have a problem.” And Forrest Gump revealed much about America before, during and after the Vietnam War. more
Guest Column:
Simon Johnson | 2/11/13
Coastway opens prototype branch
Coastway Community Bank opened a prototype retail branch on Comstock Parkway in Cranston on Jan. 28. The branch is intended to be the first of multiple locations for the design, which uses traditional materials of brick, stone and glass. Pictured from left, from Vision 3 Architects: Joseph Caldeira, project manager; Keith Davignon, principal; Andrew Hausmann, architect; and from E. Turgeon Construction Corp, Christopher Ducharme, principal, and Peter Abbenante, project manager. more
2/11/13
BofA said to shift U.S. Trust’s bonuses to push for clients
Bank of America Corp. shifted bonuses at U.S. Trust to focus employees on adding clients and boosting account balances, a change that could mean lower pay for some members of the wealth-management unit. more
Pa.-based bank buys Flagstar’s New England business
(Updated, 12:20 p.m.) Customers Bank has announced the acquisition of all local New England commercial banking business from Michigan-based Flagstar Bank, according to a Customers Bank press release. more
RBS fined $612M by regulators for manipulating Libor
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender and the parent company of Citizens Bank, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe. more
Westerly Community CU sponsoring scholarships
The Westerly Community Credit Union is sponsoring three scholarships for high school students planning a college major in business or information technology. more
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