Banking
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Report: Social media aiding financial services
Mobile and social media are rejuvenating the delivery of financial services, although the technological advances are proving to be both an asset and a challenge to financial institutions, according to a report by Javelin Strategy & Research. more
Five banks sponsor high school financial literacy program
Westport High School’s junior class is scheduled to take part in the Credit for Life Fair on April 11, supported by BayCoast Bank, Mechanics Cooperative Bank, Sovereign Bank and Westport Federal Credit Union. more
| 4/2/13
Mullaney opens N.K., Prov. offices
Mullaney Management & Trust has announced the opening new offices in Providence and North Kingstown, according to a press release. more
Banks, insurance agencies compete for donations
As the result of some friendly competition, the Southcoast Blood Bank received more than 200 pints of blood, and the Fall River Fire Department received $2,500 to put toward new defibrillators. more
3/25/13
WashTrust has a busy month
The Washington Trust Co. reported that it has provided commercial mortgage financing to EP Apartments LLC to acquire 42 units at East Pointe Condominiums, a Waterbury, Conn., complex with 64 units. more
RBS tumbles after Hester departure as 2,000 job cuts planned
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, fell as much as 8.2 percent after CEO Stephen Hester quit and the company started to cut 2,000 investment-banking jobs. more
Washington Trust board declares dividends
The board of directors of Washington Trust Bancorp Inc. has declared a quarterly dividend of 24 cents per share for the quarter ending Dec. 31 2012. The dividend will be paid Jan. 11 to shareholders of record on Jan. 2. more
Transparency, not risk, is the issue here
General Treasurer Gina M. Raimondo has taken more media shots for her choice to allocate 22 percent of the state’s pension funds to alternative investments, including hedge funds. more
4/22/13
Washington Trust declares dividend
The board of directors of Washington Trust Bancorp Inc., last month declared a quarterly dividend of 23 cents per share for the quarter ending June 30, 2012. more
Who decided U.S. megabanks are too big to jail?
Tom Hanks has a knack for playing the roles that define American generations. In “Saving Private Ryan,” he embodied the courage of the men who landed on the Normandy beaches under heavy fire. In “Apollo 13,” he conveyed calm and ingenuity under intense pressure: “Houston, we have a problem.” And Forrest Gump revealed much about America before, during and after the Vietnam War. more
Guest Column:
Simon Johnson | 2/11/13
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