Financial Services
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Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
Moynihan would like to be BofA’s chief for rest of his life
Brian T. Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp.’s mortgage mess, said he wouldn’t mind being CEO of the lender forever. more
SBA, Experian hosting webinar
The U.S. Small Business Administration and Experian will host a webinar on BusinessIQ Express, a online cash flow management tool for small, disadvantaged firms in the SBA’s Business Development program and those certified in SBA’s Historically Underutilized Business Zone program. more
Durfee students to take part in Credit for Life
The junior class at B.M.C. Durfee High School will participate in the school’s fourth annual Credit for Life Fair, intended to provide experiences in financial literacy. more
PCU receives five-star rating from Bauer
Bauer Financial Inc., a leading bank and credit union rating and research firm, has given People’s Credit Union a five-star rating, according to a press release. more
Five Questions With: Mark Meiklejohn
President and CEO of Bank Rhode Island talks about the challenges of being a local bank and how the construction and real estate sectors are performing locally. more
Raimondo lauds students for financial literacy
Fifth-graders at Old County Elementary School have completed a pilot financial literacy curriculum called Vault and earned recognition from Rhode Island General Treasurer Gina Raimondo for their achievements, according to a press release. more
McDonough to succeed Doyle as head of Randolph Savings
James McDonough has been tapped to serve as president and CEO of Randolph Savings Bank, succeeding the retiring Jack Doyle, Chairman of the Board Richard Pierce announced Monday. more
| 3/25/13
Prov. Equity, Madison Dearborn to maintain control of CDW
The private equity firms of Providence Equity Partners and Madison Dearborn Partners LLC will maintain a controlling stake in Chicago-based computer equipment maker CDW Corp. after a $500 million planned stock sale, reported Crain’s Chicago Business. more
| 3/25/13
What to know about cargo, warehouse insurance
I once asked a potential client how much he paid for the last book he purchased. His response was $25. I then asked him if he read it. His answer was yes. I then asked if he read his cargo policy and he said no. I pointed out that he paid $25,000 for this policy, which contained less than 5 percent of the words in the novel, so why hadn’t he read it? His reply was “it was too difficult to understand.” more
Guest Column:
Robert Mucci | 3/25/13
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