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State Street adds $250m to legal reserve fund

State Street Corp. yesterday said it added $250 million to a legal reserve, and revised its third-quarter earnings results downward to reflect the change. (Boston Globe, 11/6/09)

Consumer credit falls for eighth month

WASHINGTON - US consumer credit fell in September for an eighth straight month, the longest series of declines on record, as thousands of Americans lost their jobs and banks tightened access to loans. (Boston Globe, 11/6/09)

Citizens parent posts $3b loss for quarter

The Royal Bank of Scotland Group said it lost $3 billion in the third quarter, amid continuing loan losses, including at Citizens Financial Group here in the United States. (Boston Globe, 11/6/09)

Mass. bank officials to testify on Merrill Lynch deal

A congressional committee investigating Bank of America’s purchase of Merrill Lynch has set a new date for a public hearing at which several prominent bank officials from Massachusetts are scheduled to testify. (Boston Globe, 11/5/09)

Henry trims quarter of staff at Fla. firm

John Henry, the principal owner of the Boston Red Sox, has fired more than a quarter of the staff at his investment company in Boca Raton, Fla., a result of declining assets and ‘‘the current market environment,’’ a spokesman said. (Boston Globe, 11/6/09)