Financial Services
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Nautic Partners completes sale of Aavid Thermalloy
Middle-market private equity firm Nautic Partners LLC has completed the sale of Aavid Thermalloy LLC to an investor group led by Audax Private Equity, Nautic announced Wednesday. more
| 12/12/12
RBS said to fire derivatives trader weeks after Libor fine
Royal Bank of Scotland Group PLC dismissed a London-based interest-rates trader, weeks after settling with regulators over its part in the Libor scandal, two people with knowledge of the situation said. more
Prov. Equity sells stake to two investors
Providence Equity Partners Inc., the buyout firm with holdings in Univision Communications Inc. and the cable-television network of the New York Yankees, sold a minority stake to Florida’s state pension system and a sovereign-wealth fund, Bloomberg News reported last week. more

By Michael Souza
PBN Staff Writer | 10/1/12

Catering to customers has TD Bank in growth position
Mark Crandall has been regional president for Massachusetts and Rhode Island at The Toronto-Dominion Bank and TD Banknorth Inc., since Dec. 31, 2006. He also became regional president for Connecticut in April 2012.Crandall also serves as senior vice president of U. S. personal and commercial banking at TD Bank. He has served as an executive vice president and regional commercial-lending manager of TD Banknorth Inc. Crandall discusses TD Bank’s growth plans and its growing presence in Rhode Island. more

By Michael Souza
PBN Staff Writer | 10/29/12

Mortgage applications on the rise in R.I.
Increased home sales and low mortgage rates have led to increased mortgage activity in New England, according to data from The Warren Group’s Mortgage MarketShare Module. more
| 6/12/12
Hart named CEO of Narragansett Bay Insurance
Narragansett Bay Insurance Co. has named Todd Hart - right - its new CEO, replacing company founder Nick Steffey - left - who will continue on as executive chairman. more
| 6/19/12
RBS prepares for Libor settlement
The Royal Bank of Scotland PLC is negotiating a settlement with the authorities investigating the bank’s involvement in the Libor scandal, according to the Wall Street Journal. more
| 7/31/12
Fannie Mae tightens mortgage standards for some home buyers
Fannie Mae, the largest source of money for U.S mortgages, told lenders that it’s tightening some of its qualification standards for people buying homes or refinancing loans. more
Treating family like members, members like family
What do they say about the family who laugh together? And that’s just how it goes at Pawtucket Credit Union, the Best Place To Work among large companies in the 2012 competition produced by Best Companies Group and sponsored by Providence Business News, the second win in the category for PCU. more
By Victor Paul Alvarez
Contributing Writer | 6/25/12
U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
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