Banking
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Europe’s banks may need to shrink to cut costs, Barclays says
The European banking industry may have to consolidate further if revenues don’t recover and firms don’t achieve their cost-savings targets, according to a Barclays PLC research note. more
RBS likely to face more Libor sanctions, Japanese watchdog says
Royal Bank of Scotland Group Plc faces further sanctions in Japan after the country’s securities regulator found traders at Britain’s biggest publicly owned lender attempted to manipulate benchmark interest rates. more
BofA to revamp branch design to attract customers
Bank of America Corp. plans to renovate its 5,400 domestic branches to include tablet-carrying employees and couch and chair lounge areas for customer use in order to coax customers back into its branches, according to a report from USA Today. more
RBS shareholders sue for $6B on 2008 rights offering
Royal Bank of Scotland Group Plc and former CEO Fred Goodwin were sued by about 12,000 shareholders who said the lender misled them in 2008 when it issued new shares months before a government bailout. more
BofA finds profit in foreign credit maneuvers
Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code. more
WashTrust has a busy month
The Washington Trust Co. reported that it has provided commercial mortgage financing to EP Apartments LLC to acquire 42 units at East Pointe Condominiums, a Waterbury, Conn., complex with 64 units. more
Five Questions With: Deborah Sementa
New England College of Business and Finance’s Business Ethics and Compliance program chair talks about the new qualified-mortgage rule that puts into place the “ability-to-repay” standard for all mortgage lenders. more
Citizens commits $2M for financial education
RBS Citizens Financial Group Inc., starting with a $50,000 grant to Providence-based Crossroads Rhode Island, is marking National Financial Literacy Month with $2 million worth of grants to financial education programs sponsored by nonprofits. more
| 4/2/13
BCSB plans on Freetown branch
Continuing with its steady growth, Bristol County Savings Banks announced that it will be opening a new branch in East Freetown in Crossroads Commons during May, pending regulatory approval. more
| 4/2/13
Five banks sponsor high school financial literacy program
Westport High School’s junior class is scheduled to take part in the Credit for Life Fair on April 11, supported by BayCoast Bank, Mechanics Cooperative Bank, Sovereign Bank and Westport Federal Credit Union. more
| 4/2/13
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