Updated May 22 at 5:40pm
Financial Services
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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
WELLESLEY, Mass. – GW & Wade, an independent registered investment adviser with $4.8 billion in assets under management, announced last week that it has added Paul St. Onge, an East Greenwich-based investment adviser with $150 million in client assets to its team. 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
Royal Bank of Scotland Group PLC traders sought to manipulate Australia’s bank-bill swap rate, the local equivalent of the London interbank offered rate, the country’s securities regulator said. more
Partner in the litigation department of Higgins, Cavanagh & Cooney talks about his firm’s association with ALFA International. more
A seminar on “Taking Your Small Business Global” will be held July 31 in Woonsocket, sponsored by the Rhode Island district office of the U.S. Small Business Administration. more
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