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Providence-based RBS Citizens Financial Group’s failure to meet some requirements of the Federal Reserve’s “stress test” for financial institutions has been downplayed by the bank and some analysts who don’t see it significantly impacting the bank’s announced 25 percent initial public offering later this year. more
Providence doesn’t have a monopoly on former Bank of America office buildings. more
Vice president of sales and marketing for Ocean Capital discussed the Hatch Entrepreneurial Center and funding for startups and small businesses. more
NEW YORK - RBS Citizens Financial Group Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc. and Bank of America Corp. passed only after reducing their requests for buybacks and dividends. more
The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the Federal Reserve completes stress tests of their ability to survive new economic calamities. more
Malcolm A. Makin of Raymond James returned to the top of the list in Rhode Island in Barron’s annual “America’s Top 1,200 Advisors: State-by-State” ranking for 2014. more
The American equity rally that just turned 5 years old is starting to match the 1990s Internet bubble when it comes to its speed. more
Up until the last five years, only a few cities in the world were home to their own for-profit startup accelerators and even fewer could offer evidence of whether the entrepreneurial boot camps would prove sustainable or lucrative. more
By this point the Slater Technology Fund was supposed to have largely broken free of the state funding that created it and, with $9 million in federal stimulus, started down a path to self-sufficiency. more
FM Global on Tuesday reported full-year 2013 net income of $1.02 billion, a 31.9 percent increase over the $774.4 million reported in 2012. Although the commercial property insurer saw its net revenue drop 1.1 percent last year to $4.02 billion from $4.06 billion a year earlier, gross premiums earned increased 5 percent to $5.6 billion. more
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