Financial Services
195 results total, viewing 121 - 130
Banco Santander SA’s U.S. consumer lender subsidiary, which originates subprime loans for new-vehicle purchases and leases, is seeking to raise as much as $1.56 billion in an initial public offering. more
RBS Citizens Financial Group is selling 94 of its Chicago-area Charter One bank branches for $315 million to U.S. Bancorp, Providence-based Citizens announced Tuesday. more
Janet Yellen’s confirmation as chairman of the Federal Reserve with the least Senate support on record shows that the central bank still faces intense political scrutiny six years after the financial crisis. more
Royal Bank of Scotland Group PLC was ordered to pay $50 million by a federal judge in Connecticut as part of a settlement for rigging the London interbank offered rate. more
Cox Enterprises Inc., the media holding company, agreed to buy back a 25 percent stake in AutoTrader Group from Providence Equity Partners, restoring its full ownership of the e-commerce business. more
Royal Bank of Scotland Group PLC settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a $1.2 million bonus. more
Mortgage rates in the U.S. were little changed as lenders absorbed news that the Federal Reserve plans to taper bond purchases that have helped support the real estate market. more
Bank of New York Mellon Corp., the world’s largest custody bank, agreed to repay Massachusetts’ public pension funds $15.45 million to settle fraud claims brought by the state’s top securities regulator. more
Royal Bank of Scotland Group PLC named Rory Cullinan head of a new division that will house the firm’s bad bank and oversee the initial public offering of its U.S. Citizens Financial Group Inc. unit. more
Bank of America Corp.’s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital LLC had a role in selecting assets for two 2006 mortgage-backed securities. more
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