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Citi warns trading revenue to decline, BofA is ‘doing OK’

NEW YORK – Citigroup Inc. trading revenue is set to drop this quarter amid volatility that gripped markets for most of August, while a...
PAY ­EQUITY: Citizens Financial Group, parent of Citizens Bank, said, “We continuously evaluate our practices and make adjustments to ensure all of our colleagues are compensated equitably.”
 / BLOOMBERG 
FILE PHOTO/SCOTT EISEN

Banks slow to disclose median gender pay gaps

Banks are being asked to reveal their “median gender pay gaps,” which measure the overall difference between what they pay men and women.Through shareholder...
BANK OF AMERICA's stock was upgraded to buy by UBS AG, bucking recent trends and recommendations on bank stock investment. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA, Morgan Stanley get rare upgrades in season of pessimism

NEW YORK - Analysts haven’t shown a lot of love to bank stocks lately, but a few calls are swimming against the tide.UBS AG...
PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens’ clients bullish on BofA

PROVIDENCE – Citizens Financial Group Inc. has purchased an additional 288,283 shares of Bank of America stock on behalf of its wealth management clients,...
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