Financial Services
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Amica ranks highest for customer satisfaction
Amica Mutual Insurance Co. has ranked highest in customer satisfaction on the J.D. Power and Associates 2013 Property Claims Satisfaction Study, the insurer announced Wednesday, adding that this is the second consecutive year that Amica has ranked highest in the study. more
| 4/3/13
RBS shareholders sue for $6B on 2008 rights offering
Royal Bank of Scotland Group Plc and former CEO Fred Goodwin were sued by about 12,000 shareholders who said the lender misled them in 2008 when it issued new shares months before a government bailout. more
BofA finds profit in foreign credit maneuvers
Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code. more
WashTrust has a busy month
The Washington Trust Co. reported that it has provided commercial mortgage financing to EP Apartments LLC to acquire 42 units at East Pointe Condominiums, a Waterbury, Conn., complex with 64 units. more
Five Questions With: Deborah Sementa
New England College of Business and Finance’s Business Ethics and Compliance program chair talks about the new qualified-mortgage rule that puts into place the “ability-to-repay” standard for all mortgage lenders. more
Citizens commits $2M for financial education
RBS Citizens Financial Group Inc., starting with a $50,000 grant to Providence-based Crossroads Rhode Island, is marking National Financial Literacy Month with $2 million worth of grants to financial education programs sponsored by nonprofits. more
| 4/2/13
BCSB plans on Freetown branch
Continuing with its steady growth, Bristol County Savings Banks announced that it will be opening a new branch in East Freetown in Crossroads Commons during May, pending regulatory approval. more
| 4/2/13
Five banks sponsor high school financial literacy program
Westport High School’s junior class is scheduled to take part in the Credit for Life Fair on April 11, supported by BayCoast Bank, Mechanics Cooperative Bank, Sovereign Bank and Westport Federal Credit Union. more
| 4/2/13
S&P 500 rally shows analysts slow or investors too sanguine
The advance that pushed the Standard & Poor’s 500 Index to a record left companies trading closer to analyst price estimates than any time in at least seven years. more
AmEx Bluebird accounts get backing from FDIC
American Express Co., the biggest U.S. credit-card issuer by purchases, is adding deposit insurance and check-writing capabilities for accounts tied to its Bluebird prepaid cards sold by Wal-Mart Stores Inc. more

By Patrick Anderson
PBN Staff Writer | 4/1/13

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