Updated March 23 at 12:28am
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The secretary of the commonwealth last week charged State Street Global Marks LLC with violating the state securities act, alleging the company for years has overcharged custodial clients by its holding company: State Street Corp. more
Savings Institute Bank & Trust last week awarded Jason White, vice president and director of IT, the “President’s Award,” given each year to an employee who “exemplifies the bank’s core values and goes above and beyond in the performance of their job.” more
Washington Trust Bancorp last week provided $2.5 million in commercial financing to the Ronald McDonald House of Providence and was named to Keefe Bruyette & Woods Inc.’s 2015 Bank Honor Roll. more
Easy Mortgage Apps, a mobile-first, mortgage-lending platform, has opened an office in Providence, capping off a three-month growth spurt for the startup. more
Bruce Van Saun is chairman and CEO of Citizens Financial Group Inc., the state’s largest bank with $140.1 billion in total assets. Van Saun talks with Providence Business News about the bank’s first-quarter earnings, its exposure to the struggling oil and gas markets and the Rhode Island economy. more
Rhode Island ranked lowest in the nation for physician compensation at an average of $224,000. more
Five of the eight hospitals in Rhode Island rated by the Leapfrog Group received A grades in the national nonprofit group’s 2016 spring safety score report released this week. more
Consumer confidence retreated more than forecast in April as Americans’ optimism about the outlook for the economy and employment waned. more
The owner of Providence Place mall plans to replace two levels of the vacant J.C. Penney Co. retail store with additional parking, part of an estimated $20 million renovation package that also will modernize the parking payment system for the mall. more
After announcing, then dropping a statewide tourism slogan, the R.I. Commerce Corp. picked up where it left off, moving forward Monday with a campaign to better define and promote the state to potential visitors. more
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