Financial Services
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Treatment of SEC whistle-blower puts leadership in doubt
George Canellos, 48, has one of the Securities and Exchange Commission’s top jobs. The SEC’s new chairman, Mary Jo White, appointed him as co-director of the enforcement division, along with Andrew Ceresney, a former partner of White’s at Debevoise & Plimpton. more
Guest Column :
William D. Cohan | 5/20/13
Finding some success with zero-down loans
Who says lenders need to charge you a cash down payment when you take out a mortgage in this era of hyper-strict underwriting? more
5/20/13
Providence tax-firm owner to serve 27 months
PROVIDENCE – The owner of a local tax-preparation firm has been sentenced to 27 months in federal prison for under-reporting more than $1 million in income and failing to pay nearly $400,000 in federal taxes, The Associated Press reported last week. more
5/20/13
Fitch gives stable rating to R.I. CWFA
AUSTIN, Texas – Fitch Ratings this month assigned a AAA rating to $49 million in Rhode Island Clean Water Finance Agency’s water-pollution-control, revolving-fund revenue bonds. The rating outlook is stable. more
5/20/13
Citizens’ planned IPO way to help pay U.K. debt
Providence-based RBS Citizens Financial Group has chosen a new leader specifically to prepare for a partial IPO planned for 2015, replacing Chairman and CEO Ellen Alemany, named one of 10 CEOs to watch this year by American Banker. more

By Rhonda Miller
PBN Staff Writer | 5/20/13

Customers increases public offering amount to $90M
Customers Bancorp Inc., parent company of Customers Bank, has increased its previously announced offering of $75 million of common stock to $90 million, the bank announced Wednesday. more
KLR opens office to new businesses looking for support
Kahn, Litwin, Renza & Co. Ltd. announced Tuesday that it was opening the KLR Emerging Business Center in its North Main offices to help lend support and guidance to startups and emerging businesses in the Ocean State. more
| 5/15/13
RBS chairman signals further job cuts, branch closures to come
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
Five Questions With: Bill Entwistle
Entwistle Financial Life Planning talks about the current state of the economy’s affect on retirement planning. more
Wash. Trust, R.I. housing host seminar
Washington Trust and Rhode Island Housing will host free reverse mortgage seminars May 21-23 at three of the bank’s locations, according to a press release. more
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