Banking
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The U.S. can expect to maintain a growth rate of about 3 percent for the balance of the year, with job creation apparently moving up a notch with four consecutive months of employment gains in excess of 200,000, according to CPA Kent W. Gladding, director of investments for Washington Trust Wealth Management more
Cloud computing is gaining acceptance by capital markets firms, despite lingering concerns about security and reliability, according to the results of a new study by Boston-based Aite Group. more
Pawtucket Credit Union awarded $8,000 scholarships to four local students heading to college this fall. Each recipient will receive $2,000 a year for the next four years. more
The Washington Trust Co. and Chorus of Westerly are celebrating 50 years of partnership this year, a relationship that has seen the institution provide financial support that has helped renovate a performance hall, fund the summer pops event and support performances abroad. more
WELLESLEY, Mass. – GW & Wade, an independent registered investment adviser with $4.8 billion in assets under management, announced last week that it has added Paul St. Onge, an East Greenwich-based investment adviser with $150 million in client assets to its team. more
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
The merger and systems conversion of Newport Federal Savings Bank and Willimantic, Conn.-based Savings Institute Bank and Trust Co. is set for Sept. 6 through Sept. 8 more
Cross Insurance, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, has opened its first Rhode Island office in East Providence. more
Mortgage-technology company FNC Inc. has developed a product that creates a Web-based technology platform through which banks and investors can buy and sell mortgages. more
The Royal Bank of Scotland, parent company of Providence-based RBS Citizens Financial Group, has begun the process of looking for a new chief executive to replace Stephen Hester, who was pressured to step down last month. more
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