Banking
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BankRI employees help food bank surpass goal
Bank Rhode Island employees and customers spent 10 weeks this summer contributing to the Rhode Island Community Food Bank’s summer food drive, ultimately helping the organization to surpass its collection goal. more
10/1/12
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
RBS managers condoned Libor manipulation during expansion
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired. more
Bank of America helps Crossroads
Updated, 12 p.m.)Seventeen volunteer Bank of America employees recently spent the day working at Crossroads Rhode Island, located at 160 Broad St. Crossroads is a nonprofit organization that assists the homeless. more
Navigant goes mobile with new app
Navigant Credit Union customers can now do their banking anywhere, anytime with the credit union’s new mobile banking app. more
People’s Credit Union earns 5-star rating
People’s Credit Union has once again received a Superior 5-Star rating from BauerFinancial Inc. of Coral Gables, Fla., one of the nation’s leading bank and credit union rating and research firm. more
TIAA-CREF opens Providence office
TIAA-CREF, a leading financial services provider with more than 60 offices nationwide, has opened its newest office, located at Gateway Center, Suite 102, 15 Park Row West, Providence. more
U.S. banks are ignoring Europe’s lesson on greed
Four years after the collapse of Lehman Brothers Holdings Inc. and the near-total paralysis of capitalism’s central nervous system – the moment fear completely overwhelmed greed on Wall Street – we are starting to see a few glimmers of hope. more
Guest Column:
William D. Cohan | 9/24/12
WashTrust provides $4.8M financing for 40 Fountain St.
Washington Trust’s Commercial Real Estate Group provided $4.8 million in commercial mortgage financing to Emanon Associations LP for Providence’s Gardner Building. more
| 9/19/12
Central Bancorp shareholders give nod to Independent
Central Bancorp Inc. parent of Central Bank, announced Sept. 11 that its shareholders overwhelmingly approved Central's pending merger with Independent Bank Corp., parent of Rockland Trust Company, at a special meeting. more
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