Updated May 25 at 5:26pm
Financial Services
285 results total, viewing 131 - 140
BlackRock Inc., the world’s largest asset manager, says bonds will “struggle” in 2016 as the Federal Reserve raises interest rates. more
The Dow Jones Industrial Average sank more than 420 points as a selloff in Chinese equities spread around the world amid renewed concern that growth there is slowing at the same time that manufacturing in the U.S. decelerated. A flareup in tension between Saudi Arabia and Iran added to geopolitical unease. more
Seven firms and the Rhode Island Foundation are giving the state $111,000 to streamline state government and eliminate waste. more
U.S. mortgage rates rose, with the 30-year average topping 4 percent for the first time in five months, after the Federal Reserve’s decision to increase its benchmark lending rate. more
Goldman Sachs Group Inc. and JPMorgan Chase & Co. will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey. more
Banco Santander SA, Spain’s largest lender by assets, said it exceeds the minimum capital levels that the European Central Bank will require the company to have starting next month. more
John Lawlor, the head of Bank of America Corp.’s municipal-bond department, is a graduate of the U.S. Naval Academy. In 2015, he navigated the second-largest U.S. bank by assets to the top of the muni-bond underwriting table for the fourth consecutive year. more
For all the angst over where the world’s benchmark bond yield is going, its level on Christmas Eve is almost exactly the same as a year ago. more
Citizens Bank NA last month agreed to pay a $2 million penalty to the U.S. Comptroller of the Currency after being accused of charging credit-monitoring customers for undelivered service and failing to credit debt customers under qualifying circumstances. more
The Rhode Island Infrastructure Bank has completed a refinancing of the Pawtucket Water Supply Board’s bonds, a move that will save customers $9.8 million in future debt service. more
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