Updated July 30 at 5:26am
Banking
437 results total, viewing 351 - 360
The yearly count of SBA-backed loans came out last week, and the picture it paints is not a pretty one. From before the Great Recession, through its depths and now in the Ocean State's weak recovery, it is clear that less and less capital … more
Jack Grant, a Bryant University senior, recently researched whether or not to invest in Microsoft for the university's Archway Investment Fund. He found the tech giant wanting. Grant, 21, of Rocky Hill, Conn., an accounting major, has … more
Debt is a dual-edged sword. For some, it is the bane of economic health. And yet in business, as in personal finance, taking on debt often finances growth, acquisition and activity. Think of mortgages to buy homes or loans to develop a commercial … more
Bank of America Corp. CEO Brian T. Moynihan said that even if Wall Street reforms were scaled back by politicians, he wouldn’t change how he runs the company, including the extra capital the firm holds. more
The Citizens Bank Foundation has awarded six neighborhood projects in Pawtucket and Central Falls a total of $40,000 through its Growing Communities initiative. more
Reporting its 24th consecutive quarter with year-over-year revenue growth, Webster Financial Corp., parent of Webster Bank NA, on Thursday announced its third-quarter earnings, which included net income of $51.5 million, a 2.1 percent increase. Earnings per diluted share increased 1 cent to 54 cents. more
Bank of America Corp. showed it could follow through on its plans to cut costs. Shares of the Charlotte, N.C.-based firm rose 0.8 percent to $15.64, the only gain in the 24-company KBW Bank Index. more
Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates. more
Despite an overall reduction in the number of taxpayer-backed loans made in Rhode Island last fiscal year, small business loan dollar volume grew 2.8 percent thanks largely to an increase in financing for fixed assets, such as real estate and machinery. more
(Updated, 5:18, Oct. 19) Citizens Bank NA is among the top 100 most active small business lenders in the United States and ranks third in Rhode Island, according to year-end lending numbers released by the U.S. Small Business Administration. more
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