Banking
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RBS sued by ING, Illinois teachers over 2008 rights offering
Royal Bank of Scotland Group Plc was sued by a group of 21 pension funds and investment firms claiming the lender misled them about its finances when selling new shares in 2008, months before a government bailout. more
Moynihan would like to be BofA’s chief for rest of his life
Brian T. Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp.’s mortgage mess, said he wouldn’t mind being CEO of the lender forever. more
SBA, Experian hosting webinar
The U.S. Small Business Administration and Experian will host a webinar on BusinessIQ Express, a online cash flow management tool for small, disadvantaged firms in the SBA’s Business Development program and those certified in SBA’s Historically Underutilized Business Zone program. more
Durfee students to take part in Credit for Life
The junior class at B.M.C. Durfee High School will participate in the school’s fourth annual Credit for Life Fair, intended to provide experiences in financial literacy. more
PCU receives five-star rating from Bauer
Bauer Financial Inc., a leading bank and credit union rating and research firm, has given People’s Credit Union a five-star rating, according to a press release. more
Five Questions With: Mark Meiklejohn
President and CEO of Bank Rhode Island talks about the challenges of being a local bank and how the construction and real estate sectors are performing locally. more
Raimondo lauds students for financial literacy
Fifth-graders at Old County Elementary School have completed a pilot financial literacy curriculum called Vault and earned recognition from Rhode Island General Treasurer Gina Raimondo for their achievements, according to a press release. more
McDonough to succeed Doyle as head of Randolph Savings
James McDonough has been tapped to serve as president and CEO of Randolph Savings Bank, succeeding the retiring Jack Doyle, Chairman of the Board Richard Pierce announced Monday. more
| 3/25/13
Banks, insurance agencies compete for donations
As the result of some friendly competition, the Southcoast Blood Bank received more than 200 pints of blood, and the Fall River Fire Department received $2,500 to put toward new defibrillators. more
3/25/13
Cape Wind secures financing for wind farm construction
Cape Wind, the company behind a planned 468-megawatt offshore wind farm in Nantucket Sound, announced today that it is one step closer to starting construction. more
| 3/19/13
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