Updated December 9 at 1:09pm
Investing
195 results total, viewing 41 - 50
Rhode Island ranked 35th in the nation for $1.6 million in venture capital investment in the third quarter, according to The MoneyTree Report by PricewaterhouseCoopers based on data from Thomson Reuters. more
Bank of America Corp., the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3 percent, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell. more
Rhode Island has one of the highest percentages of Latino-owned businesses in New England, but many of these entrepreneurs report challenges in gaining access to capital and resources that could help their business grow, according to a new report by the Latino Policy Institute at Roger Williams University. more
Rhode Island had three deals totaling $500,000 for venture capital-backed companies in the third quarter, according to CB Insights and KPMG International’s latest “Venture Pulse” report released Thursday. more
Jonathan Nelson is one of the 400 richest Americans, according to Forbes. more
A Morgan Stanley unit allegedly set up a high-pressure contest to spur financial advisers to cross-sell loans backed by investment accounts in an effort to boost banking and lending business and gain ground on rivals, the Massachusetts securities regulator said in a complaint against the company. more
Banco Santander SA lowered its profitability target for 2018 as growth expectations worsened in the U.K. and other countries where the Spanish bank does business. more
(Updated 11:51 a.m.) Faced with high fees and poor performance, Rhode Island’s general treasurer plans to reduce the state’s investment in hedge funds, walking back a strategy implemented during the Great Recession. more
The Slater Technology Fund on Monday announced it is committing another $250,000 to the biomedical company ProThera Biologics, bringing Slater’s total investment in the company to $950,000. more
Banco Santander SA pulled out of talks with Royal Bank of Scotland Group PLC to buy the British firm’s Williams & Glyn division, according to two people with knowledge of the matter. more
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