Updated March 26 at 6:24am
Financial Services
789 results total, viewing 11 - 20
(Updated 9:31 a.m.) Blue Cross & Blue Shield of Rhode Island, CVS Health Corp. and Hasbro Inc. all received perfect scores on the 2017 Corporate Equality Index. more
Bruce Van Saun, Citizens Financial Group Inc.’s chairman and CEO, saw his pay increase 15.5 percent to $9.2 million last year, as the company continues to improve its bottom line. more
Sixty youth literacy kits and no-sew fleece blankets were donated by employees of BankNewport and OceanPoint Insurance Agency through the United Way of Rhode Island as part of the companies’ workplace giving campaign. more
The Rhode Island economy contracted in the second quarter at an annualized rate of 1.2 percent, according to the Rhode Island Current Economic Indicator briefing released Friday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. more
Disney Princess, Frozen and Trolls helped drive revenue and profit for Hasbro Inc. in 2016, as the company reached the $5 billion revenue mark for the first time in its 94-year history. more
The R.I. State Retirement Commission last month decided to cut its roughly $1 billion investment into hedge funds in half, saying the asset has underperformed and cost the state too much in fees over the last five years. The precarious … more
The British vote to exit – or Brexit – the European Union last month roiled public pension systems, as uncertainty in the international marketplace sent investors scurrying for less-volatile asset classes. Seth Magaziner, Rhode Island’s general treasurer, oversees the state’s $7.5 billion public pension system. He talks with Providence Business News about Brexit, pension performance through the fiscal year that ended June 30 and the effectiveness of its current asset allocation and assumed rate of return. more
Peter Pagonis is Rhode Island Housing’s director of homeownership, which he has held since 2015. He also is the director of the Rhode Island Mortgage Bankers Association. more
Sean McGarry is vice president and retirement plan service manager at Rockland Trust. He talks with Providence Business News about the recent U.S. Department of Labor ruling on the “conflict of interest” regulation, which is designed to protect investors from hidden fees in retirement-investment advice. McGarry breaks down the regulation and how it could affect clients and financial advisers.v more
(Updated 11:43 a.m. to reflect corrected information) The state pension investment fund lost approximately $471 million in fiscal 2016, marking a 5.9 percent reduction to $7.5 billion compared with fiscal 2015. more
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