Financial Services
195 results total, viewing 51 - 60
Bank of America Corp.’s gaffe on U.S. stress tests has meant “tough consequences” for investors, CEO Brian T. Moynihan said Wednesday as his staff and directors regrouped to figure out what went wrong. more
Approximately 1,900 FM Global clients who renew their policies between June 30, 2014, and June 29 next year will be eligible to receive a share of an estimated total of $465 million in premium reductions, the commercial property insurer announced Tuesday. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, jumped by the most in more than two years in London after reporting a threefold gain in quarterly profit. more
Kahn, Litwin, Renza & Co. Ltd. has announced that Lawrence I. Kahn, managing director and president of the accounting and business-consulting firm, will retire effective May 31. more
Bank of America Corp. CEO Brian T. Moynihan won permission last month for the firm’s first dividend increase since the financial crisis. Now he’s under pressure to salvage the payout after the company mistakenly inflated capital levels by about $4 billion. more
The Slater Technology Fund will invest an additional $100,000 in local e-commerce technology firm Absolute Commerce, bringing Slater’s total investment in the company to $350,000, Slater announced Tuesday. more
Banco Santander SA, Spain’s biggest bank, reported first-quarter profit that beat estimates on increased U.K. income and announced a 4.7 billion-euro ($6.5 billion) bid to buy out its Brazil unit. more
Bank of America Corp. asked a judge to dismiss a U.S. Justice Department lawsuit in which it is accused of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities. more
Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of an error in its stress-test submission to the Federal Reserve. more
State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as the third-largest custody bank seeks to reduce expenses to combat the impact of low interest rates. more
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