Updated November 27 at 10:27am
Financial Services
223 results total, viewing 31 - 40
Reporting its 24th consecutive quarter with year-over-year revenue growth, Webster Financial Corp., parent of Webster Bank NA, on Thursday announced its third-quarter earnings, which included net income of $51.5 million, a 2.1 percent increase. Earnings per diluted share increased 1 cent to 54 cents. more
Bank of America Corp. showed it could follow through on its plans to cut costs. Shares of the Charlotte, N.C.-based firm rose 0.8 percent to $15.64, the only gain in the 24-company KBW Bank Index. more
Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates. more
Despite an overall reduction in the number of taxpayer-backed loans made in Rhode Island last fiscal year, small business loan dollar volume grew 2.8 percent thanks largely to an increase in financing for fixed assets, such as real estate and machinery. more
(Updated, 5:18, Oct. 19) Citizens Bank NA is among the top 100 most active small business lenders in the United States and ranks third in Rhode Island, according to year-end lending numbers released by the U.S. Small Business Administration. more
A Banco Santander SA unit told a London judge that four state-owned bus and metro companies in Portugal defaulted on a type of interest-rate hedging derivative known as a “snowball.” more
Dunkin’ Brands Group Inc., facing increased competition for consumers’ breakfast dollars, suffered its worst stock decline since it went public in 2011 after sticking with an annual profit forecast that missed analysts’ estimates. more
Cherrystone Angel Group is one of the top three angel groups in New England, according to the Angel Resource Institute at Willamette University’s 2015 second quarter Halo report: geography edition. more
The credit cards in most Americans’ wallets are pretty much antiques. They’re easy to counterfeit, thanks to magnetic strips that rely on basically the same 1960s technology used in cassette tapes. more
Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after CEO Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to two people with knowledge of the plans. more
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