Updated February 25 at 6:36pm
Banking
118 results total, viewing 1 - 10
Bank of America Corp. awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent. more
Dozens of currency traders at some of the world’s biggest banks, from Credit Suisse Group AG to Bank of America Corp., have been named in a South African probe into an alleged scheme by the dealers to manipulate the value of the rand. more
The six largest U.S. banks could see annual profit jump by an average of 14 percent if President Donald Trump delivers on his promise to cut corporate taxes. more
The state treasurer plans to move $30 million in deposits to local banks and credit unions in an effort to encourage more small-business lending. more
The world’s biggest banks are poised to warn investors that President Donald Trump has the potential to roil global markets and impact their firms by redrawing regulations and limiting the free movement of employees, according to people familiar with the matter. more
Citizens Financial Group ranked 14th worst on a list of the 100 best and worst banks in the country compiled by Forbes last month. more
Bank of America Corp., which has said it will stop offering commission-based retirement accounts as it prepares for new regulations, also plans to more clearly disclose fees that clients pay to the firm’s 14,000 financial advisers. more
Although Rhode Island’s financial services industry accounted for 4.2 percent of direct employment in 2015, the industry contributed 9 percent of the state’s gross domestic product, ranking 8th most in the country. more
Despite a slight drop in fourth-quarter profit, Brookline Bancorp Inc. reported 2016 net income grew 5.2 percent to $52.4 million. more
Double-digit fourth-quarter net income growth fueled record-breaking 2016 profit for Washington Trust Bancorp Inc., which posted earnings of $46.5 million on the year, an increase of 6.9 percent compared with 2015. more
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