Updated January 16 at 6:25pm
Banking
471 results total, viewing 411 - 420
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
Customers Bancorp Inc. of Pennsylvania this month hit a new milestone, reaching a market capitalization of $1 billion. The parent company of Customers Bank, which has offices in Providence, says it hit the mark partly because of recent gains realized in the stock market. more
The path to freedom from student debt is a long, winding, and arduous one with no end in sight for millennials. A new survey conducted online in February by research agency TNS on behalf of Citizens Bank found 59 percent of those polled have “no idea” when they will be able to pay back their student debt. more
Santander Bank has awarded grants totaling $35,000 to four different Rhode Island nonprofits as part of $2.3 million distributed to 108 leading community organizations nationwide. The awards include a $10,000 grant to Crossroads Rhode Island in Providence; a $5,000 grant to Project GOAL (Greater Opportunity for Athletes to Learn) Inc. in Providence; a $5,000 grant to the Boys & Girls Club of Pawtucket; and $15,000 to the Pawtucket Central Falls Development Corporation. more
The South Eastern Economic Development Corp. has elected Richard Shafer its new board of directors chair for 2017. more
John M. Murphy, founder and chairman of Home Loan Investment Bank, started his career in the 1960s and is now retiring. more
Seth Magaziner, Rhode Island’s general treasurer, has submitted a shareholder proposal with Navient Corp., asking the company to review risky student loans. more
Ken Hevert is a senior vice president of retirement, retirement income, and college with Fidelity Investments. Hevert, based in Smithfield, talks with Providence Business News about the company’s annual Financial Resolutions Study and why setting financial goals each year can help individuals’ financial well-being. more
The South Eastern Economic Development Corp. last month named a Brockton, Mass., pet care facility “small business of the year” for 2016. more
Caroline Salvator has joined the mortgage team of Coastway Community Bank as a mortgage loan officer. She has previously worked at Fidelity Investments and First Federal Bank. She holds a B.A. in communication, media studies and business from the … more
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