Financial Services
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WashTrust provides $4.8M financing for 40 Fountain St.
Washington Trust’s Commercial Real Estate Group provided $4.8 million in commercial mortgage financing to Emanon Associations LP for Providence’s Gardner Building. more
| 9/19/12
TheStreet upgrades Projo parent company’s rating
A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings. more
| 9/19/12
Oil climbs to 4-month high on Mideast unrest, Fed meeting
Oil climbed to a four-month high on concern that protests in the Middle East and North Africa may curb supply and on speculation that the Federal Reserve will unveil more stimulus measures. more
Mobile banking becoming more common, Andera says
American consumers are becoming more comfortable conducting banking business on mobile devices, according to a new report from financial software company Andera Inc. more
| 9/6/12
B of A reveals downtown plans
Bank of America will be moving its downtown office workers to 100 Westminster St. and 1 Financial Plaza as it exits 111 Westminster St., its home in Rhode Island since its predecessor built the iconic, 26-story structure in 1928. more
| 9/4/12
Beige Book: New England growth ‘continues to disappoint’
During June and July, economic growth in the New England region “continued to disappoint” as employment growth faltered and the region lost 2,500 jobs in June alone, according to the Beige Book report from the Federal Reserve Bank of Boston. more
BofA lags on implementing foreclosure changes
Bank of America Corp. has been lagging in carrying out changes required by a $25 billion foreclosure settlement, the Boston Business Journal reported. more
| 8/30/12
R.I. setting standard for bondholders’ love
Central Falls, the first city in Rhode Island’s 222-year history to go bankrupt, is preparing to exit court protection after 13 months by keeping bondholders whole while raising taxes and cutting workers and pensions. more
Fed says credit quality of large loans improves for third year
The quality of large loans in the U.S. banking system improved for the third year in 2012, with problem credits falling 8.1 percent to $295 billion, according to the Federal Reserve. more
Fannie Mae tightens mortgage standards for some home buyers
Fannie Mae, the largest source of money for U.S mortgages, told lenders that it’s tightening some of its qualification standards for people buying homes or refinancing loans. more
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