Financial Services
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Providence Business News has chosen the winners for its second Fastest Growing & Innovative Companies awards program. The top five fastest-growing companies in four size categories have been identified, as have the most innovative companies in each of 10 industry categories. more
Benefits paid for workers’ compensation increased in Rhode Island and much of the nation, but fell in Massachusetts in 2011, according to a report by the National Academy of Social Insurance. more
TAUNTON, Mass. – The South Eastern Economic Development (SEED) Corporation recently made a micro loan to Newport Potters Guild to enable the small business to start a pottery and clay art gallery and create four new jobs. more
Since the financial crisis, a Narragansett Bay-sized cloud of self-doubt or “irrational negativity,” as Gov. Lincoln D. Chafee described it, has been among the factors blamed for Rhode Island’s inability to regain its financial footing. more
Bank of America Corp. must face a trial next month in a lawsuit alleging the bank’s Countrywide unit defrauded Fannie Mae and Freddie Mac by selling them billions of dollars in bad mortgages, a federal judge ruled. more
Swipely – the creator of a platform that helps local merchants accept payments and understand customers – has completed a $12 million Series B round of financing led by Shasta Ventures. more
Royal Bank of Scotland Group Plc expects to post a “substantial” full-year loss after transferring 38.3 billion pounds ($61 billion) of its worst loans to an internal bad bank under government pressure. more
UnitedHealthcare Employer & Individual of New England has been named the new title sponsor for the UnitedHealthcare Newport Marathon, taking over for Lincoln-based Amica Mutual Insurance Co., which held the title sponsorship position since 2009. more
Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing $1.75 billion of securities, a judge ruled. more
How do you monetize a mythic realm? more
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