Updated February 21 at 1:56pm
Financial Services
780 results total, viewing 1 - 10
U.S. stocks rose to records as retailer results topped estimates, while the dollar resumed its advance amid fresh signs global growth has started to accelerate. more
New Media Investment Group Inc. reported a 74.3 percent drop in profit in the fourth quarter and a 53.2 percent drop in profit in 2016. more
The U.S. economy is poised to deliver on the Federal Reserve’s economic forecast for this year. more
Coastway Bancorp Inc. this month reported 2016 profit more than doubled 2015 profit, growing 114.3 percent to $3.5 million. The parent company of Coastway Community Bank reported profit for the year totaled 82 cents per diluted share compared with 36 cents per diluted share in 2015. more
Rhode Island Infrastructure Bank last week approved a second tranche of funding for Portsmouth to provide loans to residents for septic system repairs and cesspool remediation. more
Citizens Bank provided a $65 million construction loan to help finance the construction of a 300,000-square-foot retail outlet in Iowa. more
Seekonk resident George Oliveira has been named chairman of Plimoth Investment Advisors. He will now oversee operations and serve as a senior member of the investment team. more
Michael D. Ice is a professor of finance at the University of Rhode Island. Ice talks with Providence Business News periodically about capital markets and monetary policy, and today discusses federal rate increases and how they might impact the economy. more
Bank of America Corp. awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent. more
Dozens of currency traders at some of the world’s biggest banks, from Credit Suisse Group AG to Bank of America Corp., have been named in a South African probe into an alleged scheme by the dealers to manipulate the value of the rand. more
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