Financial Services
639 results total, viewing 541 - 550
Standard & Poor’s recent upgrading of East Providence’s general-obligation debt rating from BB+ to A is giving some members of the local business community reason for optimism after struggling for years with the city’s building fiscal stress. more
Washington Trust Bancorp Inc., parent company of The Washington Trust Co., announced net income of $10 million for the third quarter of 2013, an 11.9 percent increase on results from the same 2012 period. more
Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. more
Toronto-Dominion Bank, Canada’s second-largest lender by assets, isn’t on the lookout for another U.S. retail bank and doesn’t need to do a deal, CEO Ed Clark said. more
U.K. Chancellor of the Exchequer George Osborne said he expects to decide whether Royal Bank of Scotland Group Plc should be broken up and its toxic assets spun off into a “bad bank” in the “next couple of weeks.” more
The CollegeBoundfund, Rhode Island’s college savings plan managed by New York-based AllianceBernstein, has received a negative rating from Morningstar analysts for the fourth consecutive year, the Chicago-based investment-research firm announced Tuesday. more
The U.S. Securities and Exchange Commission voted unanimously to seek comment on a proposal to allow businesses to sell ownership stakes in their companies by soliciting investors over the Internet. more
U.S. Bancorp and Fifth Third Bancorp are among five potential bidders for Chicago branches being sold by Citizens Financial Group Inc., people with knowledge of the matter said. more
Customers Bancorp Inc., parent company of Customers Bank, reported third-quarter earnings of $8.3 million, or 33 cents per diluted share, an increase of 24.6 percent over the $6.6 million, or 51 cents per diluted share, reported for the same quarter in 2012. more
Bank of America Corp., the second-largest U.S. lender, is cutting about 1,300 more jobs in its mortgage division as the firm adjusts to lower demand, said two people with direct knowledge of the plans. more
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