Banking
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Greenspan and Bernanke: forgotten Manchurians?
The first quarter of 2012 was a record-breaking one for the financial markets. The S&P 500 gained more in one quarter than it has since 1998 and the NASDAQ had the best quarter in its history, though still below its all-time high of 5,000. more
Guest Column: David F. Brochu | 4/23/12 | 1 comment
BankRI parent sets aside $4.2M for losses tied to 38 Studios
Brookline Bancorp Inc., the parent company of Bank Rhode Island announced on Thursday it has set aside $4.2 million to cover possible losses from two business loans BankRI issued shortly after Brookline bought the bank in January. more
Free seminar for first-time homebuyers
A free seminar, “First-Time Homebuying Made Easy,” will be held on Monday, Aug. 6, 2012 at 6 p.m., at Washington Trust’s Reservoir Avenue Office at 645 Reservoir Ave., in Cranston. more
SBA To help veterans become entrepreneurs
The U.S. Small Business Administration has joined with the U.S. Department of Veterans Affairs and the U.S. Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs. Operation Boots to Business: From Service to Startup is a national initiative that will be piloted with the U.S. Marine Corps. more
BofA joins JPMorgan in having units ripe for sale, Mayo says
Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo. more
Flagstar announces sale of Northeast-based commercial loans
As part of a renewed focus on the Michigan area, Flagstar Bancorp Inc. has entered into a definitive agreement with a wholly-owned subsidiary of CIT Bank for CIT to acquire $1.264 billion in commercial loan commitments from Flagstar. more
| 1/3/13
Five Questions With: Ralph Valente
Senior vice president and director of marketing, strategy and communications at Rockland Trust talks about the BreakFACTS workshop series, which has the financial institution and Stonehill College teaming again to help small and mid-sized nonprofits. more
Loan to Potters Guild expected to create jobs
TAUNTON, Mass. – The South Eastern Economic Development (SEED) Corporation recently made a micro loan to Newport Potters Guild to enable the small business to start a pottery and clay art gallery and create four new jobs. more

By PBN Staff | 6/16/09
BofA finds profit in foreign credit maneuvers
Bank of America Corp. more than doubled its profits in 2012 -- with some help from the tax code. more
BofA escaping Countrywide to help Moynihan rebuild
Bank of America Corp. yesterday struck deals to settle lending complaints, sell rights to service $300 billion of mortgages and repair relations with regulators. For CEO Brian T. Moynihan, it offers his best chance to rebuild the home lending business. more
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