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Who owns the block?

Diamond Hill Road | Shirley Drive to Falstaff Drive CUMBERLANDResearch and photography: James Bessette Map: Lisa Lagreca
THE SECOND ROUND OF THE Federal Reserve's most-recent stress test has caused only a handful of banks to curtail their capital plans for 2018. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed forces JPMorgan, Goldman, four rivals to temper payouts

NEW YORK – Tougher Federal Reserve stress tests forced six U.S. banks, including JPMorgan Chase & Co., to scale back proposals for doling out...

Bank of America sets right tempo

Brian Moynihan’s slow waltz to safety is clearing some of Bank of America’s dance floor. That might not be such a bad thing.Bloomberg News...

Who Owns The Block?

Pleasant Street Fish Island to Union Street NEW BEDFORDResearch: Providence Business News/James Bessette Photography: James Bessette Map: Providence Business News/Lisa Lagreca  
BANK OF AMERICA is tamping down risk-taking this year. Some people within the company said that the firm’s reluctance to take risks has contributed to defections of dealmakers. / BLOOMBERG FILE PHOTO/RON ANTONLLI

BofA is said to tap brakes on risk, spurring banker departures

NEW YORK - The message came from one of Bank of America Corp.’s most powerful board members across large video screens: “We’re not going to...
BUILDING WEALTH: Edythe M. De Marco, founder of The De Marco Group at Merrill Lynch Wealth Management in Providence, wants to encourage more women to work in the financial-services industries, and takes pride in training talented people to grow their clients’ assets. / PBN PHOTO/RUPERT WHITELEY

De Marco fosters wealth-nurturing team

Industry Leader, Financial Services | Edythe M. De Marco, Merrill Lynch/Bank of AmericaYou can talk about how Edythe M. De Marco joined Merrill...

Housing finance still broken

Regulators have done a lot to reform the financial system since the 2008 crisis, but they still haven’t fixed the market where the trouble...
S&P 500 COMPANIES have saved an estimated $12.8 billion due to the recent adjustment to their effective tax rates. / BLOOMBERG

Corporate America is saving big on Trump tax-cut windfall

NEW YORK - America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.The roughly 180 companies in the S&P...
BANK OF AMERICA reported net income of $6.92 billion for the first quarter. / BLOOMBERG FILE PHOTO/RON ANTONELLI

Bank of America’s cost-cutting drive pushes profit to record

NEW YORK - Bank of America Corp. hit a new milestone in its years-long effort to get costs under control.First-quarter expenses totaled about 60 percent...
ADAPTING INDUSTRY: As consumer expectations for online banking grow with advancing technology, banks and credit unions must find ways to adapt to those expectations while keeping costs down.

As technology becomes increasingly intertwined with banking, it presents opportunity and...

When Lisa G. Dandeneau first joined Navigant Credit Union more than 22 years ago, one of her first tasks was to help launch online...
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Wednesday December 5, 2018

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