Updated December 4 at 12:27am
Financial Services
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Joseph J. MarcAurele is chairman and CEO of Washington Trust Bancorp Inc., parent company of Westerly-based The Washington Trust Co. The company last week reported record earnings for 2015, marking the second year in a row with record-breaking profit. MarcAurele talks with Providence Business News about what it would take to continue the trend in 2016. more
In the worst start for the U.S. stock market since 2009, investors have been aggressively loading up on shares of companies with the sturdiest earnings momentum. more
WESTERLY – With an eye toward loan and wealth-management growth, Washington Trust Bancorp Inc. hopes to repeat 2015's record earnings, despite coming off two consecutive quarters with year-over-year profit loss. The parent of … more
The dramatic rise in health care and health insurance costs is an ongoing challenge for employers seeking to provide comprehensive and meaningful benefits. According to the Kaiser Family Foundation, employees' share of premium costs has risen 3 … more
When Jeff Allain was a young accountant, working for financial-services giant Pricewaterhouse Coopers, he was assigned to the technology group. The work connected him with young tech executives, who were starting new businesses and products … more
Jonathan P. Matrullo was hired as a financial services representative by Baystate Financial's East Providence office. He is a graduate of Providence College and has an MBA from Bryant University. more
Despite the gloomy headlines as of late, the stock market should be embraced. Stocks are one of the best investments available, but sadly few take advantage of the return offered. While tempting to shun stocks because of the recent chaos in the … more
Tim Chaves, assistant vice president-commercial lending with Bristol County Savings Bank, was named "Banker of the Year" by the South Eastern Economic Development Corporation. He was selected for the award from a pool of 21 candidates by SEED … more
Foreclosure rates in the Providence-Warwick metropolitan area increased over the year by 0.07 percentage points in November to 1.76 percent, CoreLogic said Friday. more
Santander Consumer USA Holdings Inc. is close to selling about $1 billion of unsecured consumer loans that it bought from LendingClub Corp., according to three people with knowledge of the matter. more
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