Updated February 6 at 6:25am
Financial Services
262 results total, viewing 11 - 20
The Federal Reserve said it will analyze in its annual stress tests how 33 large banks, including Bank of America Corp. and JPMorgan Chase & Co., would withstand a severe global recession, a doubling of the U.S. unemployment rate to 10 percent and moderate deflation. more
Fidelity Charitable donors recommended a record $3.1 billion last year in grants to support more than 106,000 charities. more
The Ocean State had the fourth-highest month-over-month increase in defect frequency in December, according to First American Financial Corp., which estimates the frequency of defects, fraudulence and misrepresentation submitted in mortgage loan applications. more
Brookline Bancorp Inc. on Thursday reported 2015 profit grew 15.5 percent to $52.4 million, or 71 cents per diluted share, compared with $45.3 million, or 62 cents per diluted share, in 2014. more
Federal Reserve officials left interest rates unchanged and said they still expect to raise borrowing costs at a “gradual” pace while watching to see how the global economy and markets impact the U.S. outlook. more
Despite a drop in fourth-quarter net income, Washington Trust Bancorp Inc. reported record-breaking 2015 profit totaling $43.5 million, or $2.54 per diluted share, which is a 6.5 percent increase compared with 2014’s results. more
Brown University is launching an interdisciplinary center for entrepreneurship with a $25 million gift from alumnus Jonathan M. Nelson, founder and CEO of Providence Equity Partners. more
The U.S. consumer and Chinese industrial sector have been two powerhouses of global growth in the new millennium. more
Rhode Island is the worst state to retire, according to WalletHub, which rated states and the District of Columbia on adjusted cost of living, entertainment options per capita and public-hospital rankings, among 20 other factors. more
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
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