Updated March 31 at 8:31pm
Financial Services
625 results total, viewing 551 - 560
An assessment of the 38 Studios LLC moral obligation bond debt service conducted by SJ Advisors concluded that failure to repay the bonds would probably result in a downgrade of Rhode Island’s bond rating to “junk bond” status. more
Bank of America Corp.’s gaffe on U.S. stress tests has meant “tough consequences” for investors, CEO Brian T. Moynihan said Wednesday as his staff and directors regrouped to figure out what went wrong. more
Approximately 1,900 FM Global clients who renew their policies between June 30, 2014, and June 29 next year will be eligible to receive a share of an estimated total of $465 million in premium reductions, the commercial property insurer announced Tuesday. more
Starkweather & Shepley Insurance Brokerage has acquired The Dennis Rodrigues Agency of Rehoboth, Mass., the East Providence-based insurance brokerage announced. more
Retirement-plan professional talks about people’s financial preparedness for the next stage of their lives. more
Customers Bancorp Inc., parent of Customers Bank, earned the number one spot in Bank Director magazine’s 2014 Growth Leaders Ranking, the magazine announced April 29. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, jumped by the most in more than two years in London after reporting a threefold gain in quarterly profit. more
NEW YORK – Fitch Ratings has affirmed the A rating on approximately $61.7 million of outstanding R.I. Turnpike & Bridge Authority revenue bonds, but revised its ratings outlook to “negative” from “stable.” more
Christine Earley, associate dean and professor of accountancy in the Providence College School of Business, was recently chosen to serve in a two-year, rotating academic fellowship at KPMG’s Global Services Center in Montvale, N.J. She will take a professional leave of absence from Providence College to lead and support KPMG programs and processes designed to support academic research and researchers. more
Recently there has been much discussion about the various means of public support for private historic rehabilitation and other construction projects. There has been criticism, some of it justified, of specific instances of the use of government tools – such as tax-stabilization acts – for promotion of economic activity. While this type of review is always healthy, there is a distinct danger that the larger picture will be missed. more
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