Updated March 31 at 10:09pm
Financial Services
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Parents plan to cover about two-thirds of the cost of their children’s college education and expect the children to provide the remaining one-third from part-time jobs, saving and student loans, according to Fidelity Investments’ eighth annual College Savings Indicator Study. more
BayCoast Bank has begun construction on its new branch in the South Dartmouth section of Dartmouth, the bank’s 18th location in the Massachusetts south coast region. A groundbreaking was held at the site on Aug. 14. more
At his Aug. 13 press conference to present the Bank of England’s quarterly inflation report, Gov. Mark Carney sashayed around a direct question asking whether an early interest-rate increase might be a helpful way to ensure borrowing costs rise only slowly and gradually. Minutes of the central bank’s most recent policy meeting, released Aug. 20, suggest his discomfort was warranted – and that an increase is likely even before wages start to grow. more
The $1,500 tax credit adjunct university professor Scott Wade expects to claim next year as a result of Rhode Island’s new incentive for first-time homebuyers wasn’t the reason he bought a three-bedroom bungalow in Cranston last month. more
Pawtucket Credit Union’s wellness programs are headed up by its wellness committee, comprised of employee and executive volunteers. In this way, the effort to promote involvement and planning works from the top down and back up to the top again. more
After experiencing an unexpected life event, Bethany Bishop strove to see a new person in the mirror. more
Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t be easy. more
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide. more
Sellers of bonds backed by mortgages and auto loans would have to give investors details including the borrowers’ income and credit scores under rules the U.S. Securities and Exchange is poised to consider this week. more
Lincoln-based A.T. Cross Co., a portfolio company of Clarion Capital Partners, has signed an asset-purchase agreement to acquire Sheaffer, the fine-writing-instrument business of Clichy, France-based BIC for approximately $15 million. more
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