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Merrill Lynch has recognized Providence-based Edythe DeMarco as being among the top advisers in Rhode Island in its annual “America’s Top 1,000 Advisors: State-by-State” list, according to a press release.
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By Rhonda Miller |
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Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, posted a wider full-year loss after it set aside an additional 1.1 billion pounds ($1.6 billion) to compensate clients wrongly sold insurance and interest-rate hedging products.
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By Gavin Finch and Howard Mustoe |
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The R.I. State Council on the Arts and The Rhode Island Foundation have announced a collaborative “Assets for Artists” financial training and micro-financial opportunity program in partnership with the Massachusetts Museum of Contemporary Art, the International Institute of New England and other partners.
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By Rebecca Keister |
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A comprehensive review of the Rhode Island’s day-to-day banking services resulted in lowering the state’s overall banking fees by 38 percent, R.I. General Treasurer Gina M. Raimondo announced Monday.
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By PBN Staff
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Bank of America Corp.’s $8.5 billion mortgage-bond settlement was reached through a “seriously flawed” process, said an expert for American International Group Inc., which has challenged the deal.
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By David McLaughlin |
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Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million.
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By PBN Staff
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(Updated, 3:30 p.m.) MetLife Inc., the largest U.S. life insurer, is shifting workers to North Carolina as CEO Steven Kandarian seeks to reduce costs.
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By Zachary Tracer |
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Some of Rhode Island’s largest companies announced second quarter 2013 dividends this Wednesday, which will be paid to shareholders in the coming months.
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By Alex Kowalski |
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Interest rates offered by Rhode Island’s banks and credit unions for certificate of deposit and savings accounts fell an average 25 percent between 2011 and 2013, according to a study released Wednesday by GoBankingRates.com.
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By PBN Staff
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Bank of America Corp. earned the No. 5 spot on MarketWatch’s list of the 10 companies with the worst reputations.
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By PBN Staff
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