Financial Services
194 results total, viewing 161 - 170
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. more
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. more
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. more
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. more
Banco Santander SA agreed to sell half of its asset-management division to U.S. buyout firms Warburg Pincus LLC and General Atlantic LLC in a deal that values the unit at 2.05 billion euros ($2.67 billion), the latest disposal by Spain’s largest bank as it bolsters capital. more
Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing $1.75 billion of securities, a judge ruled. more
Along with the name change to GTECH SpA, which will go into effect on June 3, Lottomatica Group SpA is also changing its company ticker. more
Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow. more
Galan G. Daukas, former executive vice president of wealth management at Washington Trust Bancorp. Inc., resigned his position, effective May 20. Daukas will be succeeded by Mark K. Gim, according to a bank filing with the Securities and Exchange Commission. more
Swipely – the creator of a platform that helps local merchants accept payments and understand customers – has completed a $12 million Series B round of financing led by Shasta Ventures. more
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