Updated October 28 at 12:30am
118 results total, viewing 1 - 10
Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years. more
Since taking over as executive chairman two years ago, Ana Botin has defended Banco Santander SA’s business in Brazil, even as it weighed on shares. more
To ensure Wells Fargo & Co.’s scandal over unauthorized customer accounts isn’t being repeated at other lenders, regulators are poised to start reviewing data and talking to employees inside the biggest U.S. banks, according to a person familiar with the matter. more
Washington Trust Bancorp Inc. on Monday reported record-breaking, third-quarter profit, which grew 20.8 percent to $12.3 million, or 72 cents per diluted share, while the company exceeded $4 billion in assets for the first time in its history. more
Webster Financial Corp. on Friday reported third quarter profit growing 0.87 percent to $51.8 million, or 54 cents per share, compared with $51.4 million, or 53 cents per share, for the same period last year. more
Citizens Financial Group Inc. on Friday reported third quarter profit growing 35 percent to $297 million, or 56 cents per share, compared with $220 million, or 40 cents per share, during the same period last year. more
Brookline Bancorp Inc. on Wednesday reported third-quarter profit grew 6.1 percent to $14.3 million, or 19 cents per diluted share, compared with $13.4 million, or 18 cents per diluted share, last year. 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
The U.S. Small Business Administration on Thursday recognized Rhode Island lending institutions that have excelled as SBA lenders this year, noting that 2016 had the highest volume of loans in the Ocean State’s history, as 457 were made for more than $130 million. more
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