Updated December 8 at 6:26am
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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
There were 34 applicants, but 11 companies will receive state innovation vouchers allowing them to partner with a local university, research center or medical center for research and development assistance with a specific project. 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
Consumer confidence improved in January to a three-month high as Americans grew more upbeat about the prospects for the economy, labor market and their incomes. more
Providence has the friendliest local businesses in the country. more
To buy a home and live comfortably in Providence, one needs a salary of at least $55,661, according to finder.com. more
The Providence Athenaeum is one of the world’s most beautiful libraries, according to Conde Nast Traveler. 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
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