Updated September 27 at 5:17pm
Financial Services
695 results total, viewing 551 - 560
For most of the past year, investors were asking when the U.S. Federal Reserve would start raising interest rates. With that question answered, attention has turned to the likely pattern of increases over the coming months and years: How high will rates rise, and how quickly? more
Nicholas Caccia is a licensed loan officer at First Home Mortgage in Providence. Caccia talks with Providence Business News about the recent rate increase at the Federal Reserve, which marks the first move away from easy money policies guiding the lending market in the United States since the financial crisis of 2008. more
Goldman Sachs Group Inc. and JPMorgan Chase & Co. will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey. more
John Lawlor, the head of Bank of America Corp.’s municipal-bond department, is a graduate of the U.S. Naval Academy. In 2015, he navigated the second-largest U.S. bank by assets to the top of the muni-bond underwriting table for the fourth consecutive year. more
For all the angst over where the world’s benchmark bond yield is going, its level on Christmas Eve is almost exactly the same as a year ago. more
Banco Santander SA, Spain’s largest lender by assets, said it exceeds the minimum capital levels that the European Central Bank will require the company to have starting next month. more
Citizens Bank NA last month agreed to pay a $2 million penalty to the U.S. Comptroller of the Currency after being accused of charging credit-monitoring customers for undelivered service and failing to credit debt customers under qualifying circumstances. more
The Consumer Financial Protection Bureau last week reached a settlement with payday lender EZCorp Inc., which must pay $10.5 million in penalties and refunds. more
An East Providence-based insurance company has acquired a Naples, Fla., company, adding to its growing presence in Florida. more
The South Eastern Economic Development Corp. recently made loans totaling $759,000 to two Rhode Island small businesses, which are slated to create 11 new jobs. more
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