Financial Services
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The first quarter of 2012 was a record-breaking one for the financial markets. The S&P 500 gained more in one quarter than it has since 1998 and the NASDAQ had the best quarter in its history, though still below its all-time high of 5,000. more
Carol Nulman was one of the few women to succeed in the male-dominated world of high finance on Wall Street in the 1970s. “I had 125 men around me who thought I’d fail,” she said of her early days as the only female broker at Lehman Brothers Kuhn Loeb in Manhattan. more
Former Red Sox pitcher Curt Schilling’s defunct videogame company 38 Studios LLC begins liquidation Tuesday, news sources report. more
Brookline Bancorp Inc., the parent company of Bank Rhode Island announced on Thursday it has set aside $4.2 million to cover possible losses from two business loans BankRI issued shortly after Brookline bought the bank in January. more
A free seminar, “First-Time Homebuying Made Easy,” will be held on Monday, Aug. 6, 2012 at 6 p.m., at Washington Trust’s Reservoir Avenue Office at 645 Reservoir Ave., in Cranston. more
Bryant University economist discusses recently released unemployment figures for R.I. more
JPMorgan Chase & Co. charges Mirella Tovar as much as 10.25 percent annual interest on her student loans – a rate as high as a credit card. more
The U.S. Small Business Administration has joined with the U.S. Department of Veterans Affairs and the U.S. Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs. Operation Boots to Business: From Service to Startup is a national initiative that will be piloted with the U.S. Marine Corps. more
When Rhode Island secured a $13.1 million grant from the U.S. Treasury to lend to small businesses in 2011, finding Ocean State companies to take the money didn’t register as a concern. more
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