Updated June 27 at 3:27pm
Financial Services
701 results total, viewing 11 - 20
The Federal Reserve’s stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage. more
Bank of America Corp. admitted to wrongdoing in settling a U.S. regulator’s allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm. more
Few banks face as much pressure as Bank of America Corp. on Thursday, when the Federal Reserve posts initial results from annual stress tests just 30 minutes before U.K. polls close on the so-called Brexit vote. more
Since launching a request for community investment on May 1 to help raise $600,000, Urban Greens Food Co-op has raised $206,000 from 45 individual investors since the beginning of June. more
George Couto, vice president at Rockland Trust, is program manager for Rockland Trust Leasing, a new division of the bank that provides equipment leasing for its commercial and small-business client base. Couto, who also manages the bank’s SBA loan program, talks with Providence Business News about the new program, market demand and why it’s unique. more
Citizens Bank last week named Frank P. Drago its new president of Citizens Securities Inc. and head of investment services. more
Independent insurance agency Gowrie Group, based in Westbrook, Conn., is sponsoring Herreshoff Marine Museum in Bristol to support its mission of “educating and inspiring the public through presentations of history and innovative work,” according to a press release. more
Carey, Richmond & Viking has been named a top insurance agency of Ohio Mutual Insurance Group. more
Rhode Island and its designated region, as defined by the National Credit Union Administration, served 18.5 million members as of March 2016, marking a 4.4 percent jump compared with the previous year, according to data collected by Callahan & Associates. more
Rhode Island is the 11th-worst state to retire rich, according to the latest study by GOBankingRates.com. more
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