Financial Services
194 results total, viewing 121 - 130
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
Royal Bank of Scotland Group PLC will pay $100 million to settle U.S. and New York regulators’ allegations that it violated sanctions programs targeting Iran, Sudan, Burma and Cuba. more
Royal Bank of Scotland Group PLC said Nathan Bostock resigned two months after becoming chief financial officer as Britain’s biggest government-owned lender struggles to return to profit. more
The TD Charitable Foundation, the charitable giving arm of TD Bank, has awarded $2.5 million in grants to support 25 affordable housing initiatives in 13 states through its eighth annual “Housing for Everyone” grant competition. more
Brookline Bancorp Inc. – the parent company of Bank Rhode Island – announced Friday that Julie A. Gerschick, the bank’s chief financial officer and treasurer, will resign effective Dec. 31. more
Bank of America Corp., the second-biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims. more
Fitch Ratings has affirmed its BBB- rating of Pawtucket’s $14.9 million of general obligation bonds, citing increased revenues and expenditure cuts that have helped stabilize operations, the city announced Wednesday. more
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