Financial Services
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Website: Credit card holders paying on time
More credit card holders are paying their bill on time, as shown by the lowest credit card delinquency rate in 18 years, according to the website lowcards.com. more
Wash. Trust among ‘satisfactory’ banks
Several banks in Rhode Island, Massachusetts and Connecticut received “satisfactory” ratings in the Federal Deposit Insurance Corp.’s April list of banks examined for compliance with the Community Reinvestment Act, according to the FDIC. more
Independence Financial Partners hiring
While many companies are still downsizing downsize and the job market in Rhode Island struggles to expand, Independence Financial Partners, the local John Hancock Financial Network firm, is hiring, said spokeswoman Deb Nelson. more
Survey: 29% of teens will depend on parents until 25 or older
One-in-four teens believe they won’t achieve a positive cash flow, but will depend largely on financial assistance from their parents or guardians, until they’re at least 25 to 27 years old, teen advocacy group Junior Achievement of Rhode Island announced in an April 5 press release. more
Navigant members to get bonus dividend
Navigant Credit Union members will receive a bonus dividend of 2 percent of interest accrued on accounts in 2012, according to a press release. This marks 25 consecutive years the credit union awarded a dividend to its members. more
Amica donates $37K to Boston Children’s Hospital
Lincoln-based Amica Mutual Insurance Co. donated $37,000 to Boston Children’s Hospital at Comcast sports Net’s Ace Ticket Studios on April 5. The donation brings Amica’s total gift to $177,00 during the past five years. more
Changes come slowly to EDC
Reforming the state agency at the heart of the 38 Studios LLC loan guarantee has been as deliberate, modest and incremental as the video game company’s collapse was sudden and spectacular. more

By Patrick Anderson
PBN Staff Writer | 4/15/13

Transparency, not risk, is the issue here
General Treasurer Gina M. Raimondo has taken more media shots for her choice to allocate 22 percent of the state’s pension funds to alternative investments, including hedge funds. more
4/22/13
RBS Citizens: Innovations driving banking
Innovations in technology are driving corporate mobile banking, giving rise to new expectations and services from financial institutions, according to a press release from a Citizens Bank unit. more
Curbs in tax deductions may strain nonprofits
We are a philanthropic nation. Even with the challenges of recent economic times, charitable giving increased by $8 billion in 2011, an increase of almost 4 percent from 2010, according to the 2012 report by the Center on Philanthropy at Indiana University. Individuals gave $217 billion, compared with $209 billion in 2010. more
Guest Column:
Martha Conn Hultzman | 4/22/13
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