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The city of Providence’s Financial Opportunity Centers have yielded significant results since their launch in 2011, announced Mayor Angel Taveras.
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By Meg Sullivan |
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Bank of America Corp., the second- biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
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By Hugh Son and David McLaughlin |
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Americans are more confident in U.S. banks than they’ve been in five years as an improving economy helps lenders boost profit and repair their balance sheets, a new Gallup poll found.
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By Erika Waddell |
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Fitch Ratings Ltd. has assigned a rating of “BBB” to $58 million R.I. Health and Educational Building Corp. higher education facilities revenue refunding bonds, issued on behalf of Roger Williams University.
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By Carol Kim |
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Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, fell as much as 8.2 percent after CEO Stephen Hester quit and the company started to cut 2,000 investment-banking jobs.
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By Gavin Finch |
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Rating agency Fitch Ratings has downgraded the R.I. Airport Corporation’s airport revenue bonds from A- to BBB+ and changed its rating outlook to “stable,” the agency announced Tuesday afternoon.
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By Eli Okun |
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Bank of America Corp., the second- biggest U.S. lender by assets, is regaining market share in home loans after shrinking the business, according to Chief Financial Officer Bruce Thompson.
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By Hugh Son |
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A new report has shed light on the charitable donation patterns of people who contribute to donor-advised funds operated through Fidelity Charitable, finding that many donors are older, actively engaged in philanthropy and clustered in large metropolitan areas, the charity announced Monday.
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By Eli Okun |
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Royal Bank of Scotland Group Plc has started turning over documents to Canada’s Competition Bureau as the regulator probes possible manipulation of the London interbank offered rate, court records show.
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By Andrew Mayeda |
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Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors is set to be considered by a New York court two years after the lender struck the deal to resolve claims over home loans bundled into securities.
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By David McLaughlin and Hugh Son |