Financial Services
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BOE’s King says government should split up RBS, accept loss
Bank of England Governor Mervyn King urged the government to split up Royal Bank of Scotland Group Plc and speed up the return of Britain’s biggest publicly owned lender to private ownership following its bailout in 2008. more
What to know about cargo, warehouse insurance
I once asked a potential client how much he paid for the last book he purchased. His response was $25. I then asked him if he read it. His answer was yes. I then asked if he read his cargo policy and he said no. I pointed out that he paid $25,000 for this policy, which contained less than 5 percent of the words in the novel, so why hadn’t he read it? His reply was “it was too difficult to understand.” more
Guest Column:
Robert Mucci | 3/25/13
Banks, insurance agencies compete for donations
As the result of some friendly competition, the Southcoast Blood Bank received more than 200 pints of blood, and the Fall River Fire Department received $2,500 to put toward new defibrillators. more
3/25/13
SBA, Experian hosting webinar
The U.S. Small Business Administration and Experian will host a webinar on BusinessIQ Express, a online cash flow management tool for small, disadvantaged firms in the SBA’s Business Development program and those certified in SBA’s Historically Underutilized Business Zone program. more
Durfee students to take part in Credit for Life
The junior class at B.M.C. Durfee High School will participate in the school’s fourth annual Credit for Life Fair, intended to provide experiences in financial literacy. more
PCU receives five-star rating from Bauer
Bauer Financial Inc., a leading bank and credit union rating and research firm, has given People’s Credit Union a five-star rating, according to a press release. more
Five Questions With: Mark Meiklejohn
President and CEO of Bank Rhode Island talks about the challenges of being a local bank and how the construction and real estate sectors are performing locally. more
Raimondo lauds students for financial literacy
Fifth-graders at Old County Elementary School have completed a pilot financial literacy curriculum called Vault and earned recognition from Rhode Island General Treasurer Gina Raimondo for their achievements, according to a press release. more
Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
BofA dropped by Sallie Mae as Barclays wins college card
Bank of America Corp., the second- biggest U.S. lender, divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc. for its college-savings program. more
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