Financial Services
638 results total, viewing 111 - 120
Of all the outrages endured during the financial crisis, perhaps the most perplexing involved money-market mutual funds. In an example of moral hazard writ large, this uninsured risk instrument – with $2.57 trillion in assets – somehow became too big to fail. Five years later, the Securities and Exchange Commission is finally taking steps to address this. more
Narragansett Bay Insurance Co. CEO Todd Hart recently announced the promotions of 13 employees. more
If you care at all about what academic macroeconomists are cooking up (or if you do any macro investing), you might want to check out the latest economics blog discussion about the big change that happened in the late ’70s and early ’80s. Here’s a post by the University of Chicago ecnomist John Cochrane, and here’s one by Oxford’s Simon Wren-Lewis that includes links to most of the other contributions. more
The Washington Trust Co.’s multi-pronged growth strategy is paying off, as the state’s largest community bank registered a 9.1 percent year-over-year net income gain in the second quarter, despite a 6.2 percent decline in total interest and noninterest income. more
The high cost of college has many young graduates reeling under the burden of student loan debt in a sluggish economy that no longer promises a job as a result of a college degree. more
Providence Equity Partners LLC is scrapping a plan to sell Brazilian mobile-phone tower operator Grupo TorreSur after bids fell short of its expectations, people with knowledge of the matter said. more
Royal Bank of Scotland Group PLC said first-half profit almost doubled as impairment charges fell and forecast it will meet a cost-cutting target of 1 billion pounds ($1.7 billion) in 2014. The shares surged the most in almost three years. more
Global Finance magazine has named commercial property insurer FM Global the “World’s Best Supply Chain Risk Insurance Provider” for a third consecutive year. more
Credit market trading is drying up, posing a threat to the stability of the financial system that regulators are ignoring, according to strategists at Royal Bank of Scotland Group PLC in London. more
A landmark arts center on the waterfront of Santander is dividing the Spanish port city over the clout of its best-known native son Emilio Botin and his family’s banking dynasty. more
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