Thursday, December 9, 2021

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SEVEN BANKS ARE AT the center of a probe by Mexico’s antitrust regulator looking into possible collusion to manipulate bond prices. The investigation is focused on local units of Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA, JPMorgan Chase & Co., HSBC Holdings Plc, Barclays Plc, Citigroup Inc. and Bank of America Corp.

Seven dealers said to be focus of Mexico bond collusion probe

NEW YORK - Seven banks are at the center of a probe by Mexico’s antitrust regulator looking into possible collusion to manipulate bond prices,...
A former Bank of America Corp. senior vice president, Palestine "Pam" Ace and her husband were charged with embezzling more than $2.7 million on Monday.

Ex-BofA vice president, husband charged in embezzlement scam

NEW YORK - A former Bank of America Corp. senior vice president and her husband were charged with embezzling more than $2.7 million by...
The Garage 2017

Providence Chamber to hold annual Garage session

PROVIDENCE – The Greater Providence Chamber of Commerce will host its 2017 session of The Garage on Tuesday, May 16, at the WaterFire Arts...
HIGH ROCK WESTMINSTER STREET LLC, owner of the iconic 'Superman Building' in Providence, filed a lawsuit against former tenant Bank of America in July claiming that the bank violated the terms of the lease when it left the tower in poor condition after vacating the property. / PBN FILE PHOTO

Settlement reached on Superman Building in Providence

PROVIDENCE – The owner of the so-called Superman Building has reached a settlement with its former tenant Bank of America N.A. in a long-running...
WalletHub

WalletHub identifies best credit cards, bank accounts for small businesses

WASHINGTON – The personal-finance website WalletHub last week released a report highlighting the best credit cards and bank accounts for small businesses. The report was...
BANK OF AMERICA's first-quarter profit rose 40 percent on a year-over-year basis, beating estimates, thanks to improved trading revenue.

BofA profit surges 40% as fixed-income trading beats estimates

NEW YORK - Bank of America Corp. posted a 40 percent year-over-year surge in first-quarter profit, fueled by stronger trading revenue, and added employees...
HUNDREDS OF electronic chat transcripts prove some of the world’s biggest banks rigged a multitrillion-dollar corner of the bond market, according to an amended lawsuit from investors allegedly harmed by the behavior. The Toronto-Dominion Bank (TD) building, second right, stands in the financial district of Toronto, Ontario, Canada. TD Bank is one of several defendants. /BLOOMBERG NEWS PHOTO/ BRENT LEWIN

Bond rigging suit quotes cache of chats to boost accusation

NEW YORK - Hundreds of electronic chat transcripts prove some of the world’s biggest banks rigged a multitrillion-dollar corner of the bond market, according...
ANALYSTS estimate that net interest income at the largest U.S. banks will jump to $49.1 billion.

In bank earnings season, surprise lurks in rising deposit costs

NEW YORK - When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than four minutes to announce...

Tough economy challenges United Way fundraisers

For the first time, the United Way of Rhode Island will kick off its annual fundraising campaign with a WaterFire event, sponsored by Bank...

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