Updated July 1 at 5:26am
Financial Services
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Editor's note: This is the second of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications. Detective James Brady sits outside a … more
Cheryl Gouveia has been promoted to vice president of operations and portfolio management at South Eastern Economic Development Corp. She brings more than 20 years of banking and finance experience to her new role. She is a graduate of Fairhaven … more
Elizabeth Voss has joined South Eastern Economic Development Corp. as a commercial credit analyst. She has worked as a commercial credit analyst since 2003 and brings more than 15 years of commercial banking and underwriting experience to her new … more
U.S. stocks climbed, with the S&P 500 Index on track for a quarterly advance, as markets showed further signs of stabilizing after wide swings in the wake of Britain’s decision to leave the European Union. more
(Updated, 5:35 p.m. and 6 p.m.) Morgan Stanley was alone among the largest U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional approval to make payouts to shareholders. Thirty other firms passed, while two subsidiaries failed, including Santander Bank. more
Bankers have a new year to fear: 2018. more
CVS Health Corp. had the best performing stock in Rhode Island over a five-year period ending March 31, according to SmartAsset. more
U.S. stocks rose for the first time since Britain voted to leave the European Union, rebounding amid optimism that policymakers are committed to limit the fallout from the U.K.’s exit. more
Providence is one of the least safe cities for driving in the U.S., according to Allstate Corp., which released its 12th annual America’s Best Drivers report on Tuesday in time for the Independence Day weekend. more
The Federal Reserve last week found all 33 of the country’s largest financial institutions had enough capital should the economy turn down, including Bank of America Corp., Banco Santander SA’s U.S. division and Providence-based Citizens Financial Group Inc. more
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