Updated February 27 at 2:28pm
Financial Services
771 results total, viewing 511 - 520
New Media Investment Group Inc. recorded a 54.2 percent drop in net income and 1.7 percent decline in revenue, and also announced additional newspaper acquisitions in its third quarter earnings report released Thursday. more
First Boston Holdings has agreed to acquire Admirals Bank for an undisclosed amount of money. more
Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years. more
Customers Bancorp Inc. of Pennsylvania this month hit a new milestone, reaching a market capitalization of $1 billion. The parent company of Customers Bank, which has offices in Providence, says it hit the mark partly because of recent gains realized in the stock market. more
Citizens Bank fell into the “about average” category in the Northeast region in J.D. Power’s 2016 Small Business Banking Satisfaction Study released this week. more
Jonathan Sweet is a financial adviser with Oak Leaf Wealth Management and Retirement Planning. He offers securities and advisory services through Commonwealth Financial Network and recently launched a new business tool to help customers assess risk tolerance in their portfolios. He talks with Providence Business News about this new tool and why it’s useful for his clients. more
Federal Reserve Bank of San Francisco President John Williams said the U.S. economy appears to be weathering cooler global growth and he repeated that the central bank will raise interest rates at a gradual pace. more
U.S. stocks rose to records, the dollar erased losses and Treasuries fell after President Donald Trump signaled long-awaited details on promised tax cuts would emerge within weeks. more
Rhode Island Infrastructure Bank last week approved a second tranche of funding for Portsmouth to provide loans to residents for septic system repairs and cesspool remediation. more
Citizens Bank provided a $65 million construction loan to help finance the construction of a 300,000-square-foot retail outlet in Iowa. more
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