Financial Services
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Report: R.I. lost $229M in taxes in 2012 to offshore tax havens
(Updated, 4:32 p.m.) Rhode Island lost $229 million in tax revenue due to the use of offshore havens in 2012, according to a report released Tuesday by the R.I. Public Interest Research Group. more
| 2/5/13
Mullaney opens N.K., Prov. offices
Mullaney Management & Trust has announced the opening new offices in Providence and North Kingstown, according to a press release. more
Company warns of heightened e-filing threat
Rhode Island taxpayers filing their taxes electronically reap benefits including a quick refund and instant confirmation their tax filing is on time – but there’s a major concern to be aware of with e-filing. more
NAIC: R.I. owners pay highest premiums
The National Association of Insurance Commissioners found that Rhode Island homeowners pay the highest average premium in New England at $1,093, according to The Standard: New England’s Insurance Weekly. more
Coastway opening ‘prototype’ branch
Coastway Community Bank announced the opening of its prototype retail branch on Comstock Parkway in Cranston on Jan. 28, according to a press release from the bank. more
Fidelity earns BOMA recognition
Fidelity Investments’ award for The Outstanding Building of the Year from The Building Owners and Managers Association in Boston is a first for a Rhode Island building since the competition began in 1985, said association spokeswoman Kayla Burmeister. more

By Rhonda Miller
PBN Staff Writer | 2/11/13

Lender Processing reaches agreement in ‘robosigning’ suit
JACKSONVILLE, Fla. – Lender Processing Services Inc. last week reached a multistate settlement to resolve claims of improper foreclosure practices, including the “robosigning” of documents used to repossess homes, Bloomberg News reported. more
2/11/13
State still working with firms implicated in suit
The fraud and misconduct alleged in Rhode Island’s lawsuit against the architects of the 38 Studios LLC loan guarantee haven’t stopped the state from doing business with some of the firms implicated. more

By Patrick Anderson
PBN Staff Writer | 2/11/13

Coastway opens prototype branch
Coastway Community Bank opened a prototype retail branch on Comstock Parkway in Cranston on Jan. 28. The branch is intended to be the first of multiple locations for the design, which uses traditional materials of brick, stone and glass. Pictured from left, from Vision 3 Architects: Joseph Caldeira, project manager; Keith Davignon, principal; Andrew Hausmann, architect; and from E. Turgeon Construction Corp, Christopher Ducharme, principal, and Peter Abbenante, project manager. more
2/11/13
A survival guide for managing investments
With the new year under way, pundits are issuing their forecasts of market returns for 2013 and beyond, while a number of big uncertainties loom on the horizon. more
2/18/13
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