Updated May 29 at 5:29pm
Financial Services
633 results total, viewing 541 - 550
Kickstarter, the service whose name has become synonymous with crowdfunding, has simplified its rules and will cut down on vetting projects. This controversial move is designed to reinforce a truth the current money-oriented startup community keeps forgetting: If an idea is crazy and unfeasible, that doesn’t mean it shouldn’t be funded. more
In the hoopla over whether Thomas Piketty’s data on growing global inequality are correct, an important question about how to address the problem has been obscured. Piketty describes his own global wealth-tax idea as more of a “useful utopia” than a practical policy suggestion. Is there anything more plausible that can be done? more
Rhode Island’s gross domestic product grew 1.4 percent in real terms in 2013, according to data released Wednesday by the U.S. Bureau of Economic Analysis, ranking the Ocean State 33rd in the country for economic growth during the year. more
Royal Bank of Scotland Group Plc would benefit the most among U.K. lenders from a rise in interest rates as it retreats from investment banking, according to analysts at Sanford C. Bernstein Ltd. more
Meeting face to face is a critical element in building relationships, so some banks, including Bank of America and Savings Institute Bank & Trust, are expanding the use of videoconferencing to maintain one-on-one conversations among employees in different locations and to offer customers an opportunity to meet with specialists, such as mortgage loan officers. more
Royal Bank of Scotland Group PLC, Britain’s largest taxpayer owned bank, has given “unacceptable” returns to shareholders, CEO Ross McEwan said. more
Banks stand to lose as much as $4.5 billion in annual revenue as regulations aimed at improving financial stability alter how interest-rate swaps are bought and sold, according to a report from McKinsey & Co. more
The U.S. Comptroller of the Currency has fined Santander Bank NA $6 million for violating the Federal Trade Commission Act as it relates to the bank’s billing practices of an identity protection product. more
Top executives at The Washington Trust Co. are looking to grow the bank’s presence in Rhode Island organically and gradually – in part – by capturing more of the hometown deposit market. more
Citizens Financial Group Inc. reported a 25.9 percent increase in profit in the first quarter, and a 7.6 percent increase in assets, driven by loan and lease growth. more
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