02/16/2012

Asset management M&A edged up in 2011-report

The level of mergers-and-acquisitions activity in 2012 is likely to be little changed from last year as financial and political uncertainties persist, the report said.

02/08/2012

Bank Of America VP Killed In Skiing Crash

A Boston Bank of America vice president was killed Saturday when he crashed into a tree while skiing at the Sugarbush resort in Vermont, according to the Burlington Free Press.

01/31/2012

Encore Bancshares reports 4Q earnings

Encore Bancshares, Inc today reported fourth quarter 2011 net earnings of $2.1 million, or $0.17 per diluted common share and full-year net earnings of $7.2 million or $0.11 per diluted common share after deducting preferred dividends for each period.

01/25/2012

Signature Bank reports robust results

Net Income for the 2011 Fourth Quarter Reached a Record $40.0 Million, or $0.85 Diluted Earnings Per Share, An Increase of $9.6 Million, or 31.8 Percent, from $30.3 Million, or $0.72 Diluted Earnings Per Share Reported in the 2010 Fourth Quarter.

01/20/2012

State Street profit jumps absent charges

State Street is one of the country’s largest trust banks, acting as a custodian for investment firms’ securities and handling other back-office duties. The Boston bank has benefited from strong deposit growth, but like other lenders has had le

01/20/2012

Bankers Upbeat On Private Equity For 2012

Thanks in part to new capital gains taxes and the sunset of the tax cuts enacted by former President George W. Bush in 2001 as well as the need among private equity investors to begin investing again after sitting out on deals in the wake of the global fi

01/20/2012

Schwab 4Q profit rises 37pc

Charles Schwab Corp.'s fourth-quarter profit climbed 37% from a year ago period dented by legal settlements, as the discount brokerage's trading revenue was bolstered by its summer acquisition of optionsXpress.

01/19/2012

Being international isn't sexy anymore for Citi

Citi's rivals JPMorgan Chase and Bank of America have Europe problems, too, but they also have U.S. branch networks about five times the size of Citi's. And bank business in the U.S., like the economy, is improving.