Updated December 10 at 12:29am
Financial Services
735 results total, viewing 651 - 660
Federal Reserve officials left interest rates unchanged and said they still expect to raise borrowing costs at a “gradual” pace while watching to see how the global economy and markets impact the U.S. outlook. more
Despite a drop in fourth-quarter net income, Washington Trust Bancorp Inc. reported record-breaking 2015 profit totaling $43.5 million, or $2.54 per diluted share, which is a 6.5 percent increase compared with 2014’s results. more
Brown University is launching an interdisciplinary center for entrepreneurship with a $25 million gift from alumnus Jonathan M. Nelson, founder and CEO of Providence Equity Partners. more
The Federal Deposit Insurance Corp. has approved an interim rule to allow “well-managed community banks and thrifts” with less than $1 billion in assets qualify for the 18-month exam cycle. more
More than 50 credit union executives gathered at the Statehouse this month to brush shoulders with some of the state’s top political leaders. Paul Gentile, president and CEO of the Credit Union Association of Rhode Island, Massachusetts and New Hampshire. Gentile talks with Providence Business News about what the state’s credit unions are looking for this legislative session. more
When Federal Reserve officials started a rate-hiking cycle last month, they hoped their widely telegraphed policy action would neither derail the recovery nor overly destabilize financial markets. more
Customers Bank Inc. finished a strong fourth quarter with an equally strong 2015, reporting net income for the year totaling $58 million, or $1.96 per diluted share, representing a 35.6 percent increase compared with 2014. more
The U.S. consumer and Chinese industrial sector have been two powerhouses of global growth in the new millennium. more
Rhode Island is the worst state to retire, according to WalletHub, which rated states and the District of Columbia on adjusted cost of living, entertainment options per capita and public-hospital rankings, among 20 other factors. more
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
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