Updated February 9 at 11:09am
Financial Services
662 results total, viewing 81 - 90
For months, Federal Reserve officials have pledged that this rate hiking cycle will be gradual and data-dependent. After they finally lifted rates for the first time in almost a decade last month, market participants and economists have focused on just what that means. more
Rhode Island is one of the top states where people are likely to live paycheck to paycheck, according to GOBankingRates.com. more
William A. “Bill” White is president and CEO of Coastway Community Bank, which for the second consecutive year made the most loans through the U.S. Small Business Administration flagship 7(a) Loan Program in Rhode Island. White talks with Providence Business News about the program, how it’s a part of the bank’s growth strategy and what trends he’s seeing in the state’s lending market. more
The Washington Trust Co. has named Saleh Yassine assistant vice president, branch manager of the its new branch opening in the Rumford area of East Providence. more
Royal Bank of Scotland Group PLC plans to raise as much as $1.9 billion in the latest sale of shares in its U.S. unit Citizens Financial Group Inc. to investors. more
(Updated 1:06 p.m.) Providence Strategic Growth Capital, an affiliate of Providence Equity Partners LLC, has closed its first fund with $315 million of equity commitments. more
(Updated 10:50 a.m.) Public Resources Advisory Group has been selected as the state’s financial adviser, according to General Treasurer Seth Magaziner, who described it as one of the top-ranked financial advisory firms in the nation. more
The Dow Jones Industrial Average sank more than 420 points as a selloff in Chinese equities spread around the world amid renewed concern that growth there is slowing at the same time that manufacturing in the U.S. decelerated. A flareup in tension between Saudi Arabia and Iran added to geopolitical unease. more
Citizens Financial Group Inc. has appointed Eric Aboaf executive vice president and chief financial officer. more
(Updated 12:16, 12:28 and 12:58 p.m.) The New York Stock Exchange halted trading in all securities as it addressed a computer malfunction and said it canceled all outstanding orders. more
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