Financial Services
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Swipely lands $12M Series B round
Swipely – the creator of a platform that helps local merchants accept payments and understand customers – has completed a $12 million Series B round of financing led by Shasta Ventures. more
Customers increases public offering amount to $90M
Customers Bancorp Inc., parent company of Customers Bank, has increased its previously announced offering of $75 million of common stock to $90 million, the bank announced Wednesday. more
KLR opens office to new businesses looking for support
Kahn, Litwin, Renza & Co. Ltd. announced Tuesday that it was opening the KLR Emerging Business Center in its North Main offices to help lend support and guidance to startups and emerging businesses in the Ocean State. more
| 5/15/13
RBS chairman signals further job cuts, branch closures to come
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
TD Bank has new leadership in R.I., but direction remains same
TD Bank has chosen a banking industry veteran to take over its Rhode Island and Boston metro south market. Kevin F. Malone has been named TD Bank market president for Boston, southern Massachusetts and Rhode Island. more
UnitedHealthcare named new sponsor of Newport Marathon
UnitedHealthcare Employer & Individual of New England has been named the new title sponsor for the UnitedHealthcare Newport Marathon, taking over for Lincoln-based Amica Mutual Insurance Co., which held the title sponsorship position since 2009. more
| 5/9/13
Alemany set to retire from Citizens after 5 years at helm
Chairman and CEO of RBS Citizens Financial Group Inc. Ellen Alemany will retire Oct. 1 after more than five years with the Providence-based group, according to a press release from the parent company, Royal Bank of Scotland Group PLC. more
Van Saun to head Citizens in U.S. as Alemany retires
Royal Bank of Scotland Group Plc named Nathan Bostock as finance director to replace Bruce Van Saun, who is moving to run Citizens Financial Group Inc. as the British lender prepares to sell a stake in the U.S. division. more
BofA faces narrowed claims in lawsuit over Fannie Mae mortgages
A judge narrowed a $1 billion lawsuit by the U.S. against Bank of America Corp. over mortgages the bank and its Countrywide unit sold to Fannie Mae and Freddie Mac. more
BofA traders post gains all quarter as Morgan Stanley stumbles
Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight sessions, double the rate a year earlier. more
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