Financial Services
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SEED, Mechanics hosting joint workshops
The South Eastern Economic Development Corp. and Mechanics Cooperative Bank are sponsoring two workshops focused on financial issues for entrepreneurs. more
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
Westerly Community CU sponsoring scholarships
The Westerly Community Credit Union is sponsoring three scholarships for high school students planning a college major in business or information technology. more
Flagstar sees $422M jump in profits
Flagstar Bancorp Inc. has seen a dramatic turnaround to its bottom line for 2012, with an improvement of $422.6 million over 2011, according to a Jan. 24 story in Crain’s Detroit Business. more
RBS fined $612M by regulators for manipulating Libor
Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender and the parent company of Citizens Bank, will pay about $612 million in fines for manipulating interest rates, the second- largest penalty imposed in a global regulatory probe. more
Rockland gives Embrace line of credit
Rockland Trust provided a $20 million line of credit to Newport-based Embrace Home Loans, according to a press release from the bank. more
Credit for Life offers financial literacy training
The Greater New Bedford Regional Vocational Technical High School hosted the first Credit for Life Fair on Jan. 23 that offered experiences in financial literacy to 560 students in the junior class. more
Five Questions With: James C. Smith
Webster Financial Corp. chairman and CEO talks about the fourth quarter of 2012, as well as the year as a whole. more
Five Questions With: David Woronov
Partner at Posternak Blankstein & Lund talks about the logistics of opening offices abroad. more
R.I. banks offer best 2-year returns in the U.S., study says
Accounts held in Rhode Island banks and credit unions offer some of the highest return rates in the nation, according to a newly released study from GoBankingRates.com. more
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