Financial Services
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Oppenheimer, RBS Citizens reach deal
Oppenheimer Holdings Inc., the investment bank run by Albert “Bud” Lowenthal, reached a client-referral agreement with RBS Citizens Financial Group Inc. to share middle-market clients for some services. more
Rockland Trust eyeing expansion
For Rockland Trust Co. President and CEO Christopher Oddleifson, these are the best of times. The bank has done extremely well lately, and he expects Rockland’s size will double over the next five to seven years to approach $10 billion in assets, including an increase in its loan portfolio in the Ocean State. The bank currently has $5.1 billion in assets. more

By Michael Souza
PBN Staff Writer | 9/17/12

Firm’s products out of this world
Some of Spectra Systems Corp.’s products will literally be out of this world this summer, on Mars to be exact. The National Aeronautics and Space Administration’s next Mars rover, Curiosity, which landed on the Red Planet Aug. 6. more
Local banks make Forbes list of ‘Best Banks in America’
Four banks with local operations – Bank of America Corp., Brookline Bancorp., Rockland Trust parent company Independent Bancorp and Webster Bank – made Forbes magazine’s 2013 list of the “Best Banks in America.” more
| 1/23/13
U.S. banks to pay $8.5B to settle foreclosure missteps
Ten of the largest U.S. mortgage servicers will pay a combined $8.5 billion under an agreement that will end case-by-case reviews of foreclosure-abuse claims stemming from a 2011 deal with regulators more
Cornell joins MIT in scaling back aid even as endowments rise
Cornell University and Massachusetts Institute of Technology are scaling back financial assistance to students, adding to the burden of families already coping with climbing college costs. more
CVS announces cash tender offers on senior notes
(Updated, 4 p.m.) CVS Caremark Corp. has commenced cash tender offers for any and all 6.6 percent senior notes due 2019 as well as for 6.125 percent senior notes due 2016 and 5.75 percent senior notes due 2017. more
| 11/26/12
Chafee: State eager to aid small-business growth
At a business-community outreach forum on June 5, Gov. Lincoln D. Chafee made it clear that despite the dark cloud of 38 Studios LLC’s implosion hanging over Rhode Island, the state remains ever-ready to help small-business development. more
BofA’s debt cuts leave 3-year capital cushion
Bank of America Corp.’s record $53 billion reduction of of long-term debt in the second quarter will help the lender go three years without needing to tap the bond market, the biggest cushion in its history. more
BofA customer satisfaction hits 10-yr low
Customer satisfaction at the Bank of America is at a 10-year low, The Boston Globe reported. more
| 12/11/12
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