Financial Services
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Ameriprise’s Bryan gets Riversource award
Thomas R. Bryan of the East Providence-based Ameriprise Financial has received the 2012 Protect. Grow. Give. Award from Riversource Life Insurance Co., according to a press release. more
Galvin fines Deutsche Bank Securities
The Secretary of the Commonwealth of Massachusetts William Francis Galvin has fined Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank Akteingesellschaft $17.5 million for failing to disclose conflicts of interest. more
Washington Trust finances Blackstone Place purchase
Washington Trust’s Commercial Real Estate Group has provided $4.5 million in commercial mortgage financing for the acquisition of the Blackstone Place retail building on East Avenue in Pawtucket, according to a press release from the bank. more
FM Global gets ‘AA’ rating from Fitch
FM Global, one of the world’s largest commercial property insurers, has received an “AA” – or very strong – financial strength rating from Fitch Ratings, according to a press release. more
Bank expos link builders, clients
Bill Bachant, owner of Bill Bachant Builders, recently took some time out of his weekend to meet with potential clients. more

By Rebecca Keister
PBN Staff Writer | 3/18/13

Firm settles claims it misled fund investors
FORT WORTH, Texas – Oppenheimer & Co. agreed to pay about $2.9 million to settle claims by the U.S. Securities and Exchange Commission and the Massachusetts attorney general that it misled investors in a private-equity fund, Bloomberg News reported last week. more
3/18/13
Rental units could be steppingstone
Could rental houses owned and managed by deep-pocketed hedge funds and big investors be the post-bust steppingstones to homeownership for huge numbers of renters? more
3/18/13
Social events key to growth for chambers
There are two major misconceptions about the nature of business in America. more
By Victor Paul Alvarez
Contributing Writer | 3/18/13
Finally, equity is returning for homeowners
Home equity is back! And it’s growing fast: According to the latest data from the Federal Reserve, Americans’ net equity holdings in their houses jumped by nearly half a trillion dollars during the last three months of 2012, and have increased by $1.7 trillion since the spring of 2011. more
3/25/13
AmEx Bluebird accounts get backing from FDIC
American Express Co., the biggest U.S. credit-card issuer by purchases, is adding deposit insurance and check-writing capabilities for accounts tied to its Bluebird prepaid cards sold by Wal-Mart Stores Inc. more

By Patrick Anderson
PBN Staff Writer | 4/1/13

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