Sovereign Bank officials say they will cut 950 jobs, or almost 9 percent of its work force, as part of cost-saving measures in response to the economic downturn. The cuts come just a few months after Philadelphia-based Sovereign Bank, the banking unit of ...

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE General Motors Corp., up 83 cents at $4.49 The Bush administration granted GM and Chrysler a total of $17.4 billion to keep them running in the short term. Darden Restaurants Inc ...

Sovereign Bank, the banking unit of Sovereign Bancorp Inc., said Friday it is cutting 1,000 jobs, or 8.3 percent of its work force, in an effort to reduce costs amid the economic downturn. The regional bank, which currently has about 12,000 employees ...

Police in Massachusetts say they caught a bank robber red handed — literally. On Monday, a man gave tellers a note threatening that he had a gun at a Sovereign Bank branch in Lawrence. Bank employees managed to hide a dye pack in the ...