Financial Services
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Advocates of paying off 38 Studios debt go silent
Nearly a year of reassurances from Rhode Island’s top political leaders that the state will pay off its 38 Studios LLC debt hasn’t quieted advocates of a tactical default. more

By Patrick Anderson
PBN Staff Writer | 4/29/13

Looking to lure foreign investors
From the home of the Brooklyn Nets to a ski resort in northern Vermont and an office building in downtown New Bedford, enterprises across the country are cashing in on the global desire to live in the United States. more

By Patrick Anderson
PBN Staff Writer | 4/29/13

Capital Properties 1Q profit drops
Capital Properties Inc. reported a 33.5 percent drop in profit to $340,000, or 5 cents per share, during the first quarter of 2013 compared with earnings of $511,000, or 8 cents per share, during 2012. more
| 4/25/13
Dowling tapped as Brown investment officer
Joseph L. Dowling III has been named the new chief investment officer at Brown University effective June 2013, the school announced Thursday. more
Bank RI parent sees bottom line rise in 1Q
Brookline Bancorp Inc. – the parent company of Bank Rhode Island – saw its bottom line rise 38.8 percent during the first quarter of 2013, the bank announced Thursday. more
| 4/25/13
RBS Citizens: Innovations driving banking
Innovations in technology are driving corporate mobile banking, giving rise to new expectations and services from financial institutions, according to a press release from a Citizens Bank unit. more
Wash Trust 1Q profit declines to $7.4M when CDO liquidates
(Updated, 1:05 p.m.) Washington Trust Bancorp Inc., parent company of The Washington Trust Co., reported first-quarter net income of $7.4 million, or 45 cents per diluted share, on Monday, a decline of 12.1 percent from the first three months of 2012. more
Webster hosting open house
Webster Bank is holding a “one-stop shopping” Home Buyer Open House with bank officers on hand to assist with pre-qualification for mortgages and local realtors on-site with area listings, according to a press release from the bank. more
S&P raises North Providence bonds
Standard & Poor’s Ratings Services has raised its long-term rating on North Providence’s general obligation bonds to BBB+ from BBB-, according to a press release from the ratings agency. more
BofA gives to United Way
Bank of America has donated $175,000 to United Way of Rhode Island to help fund its Critical Needs program, according to a press release from the bank. more
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