Financial Services
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Europe’s banks may need to shrink to cut costs, Barclays says
The European banking industry may have to consolidate further if revenues don’t recover and firms don’t achieve their cost-savings targets, according to a Barclays PLC research note. more
Great CFOs do more than add numbers
Last week, Providence Business News held its third Chief Financial Officer Awards program, a celebration of the men and women who help secure the success of their companies. more
4/8/13
Arbella foundation raises $149K for hunger aid
QUINCY, Mass. – The Arbella Insurance Foundation last week announced that the fifth annual Let’s Drive Out Hunger raised $149,617 – more than double the previous year’s total of $62,775. more
4/8/13
Four insurance firms settle overcharge claims
BOSTON – Four auto-insurance companies have settled allegations that they overcharged consumers relating to auto-insurance surcharges that were overturned by the Mass. Board of Appeals or otherwise removed from driving records, Attorney General Martha Coakley announced last week. more
4/8/13
FM Global using sports to link message, markets
Hurricanes, tornados, floods, wildfires and other natural disasters claim lives and leave in their wake the destruction of businesses and livelihoods around the globe. And the growth of complex international supply chains means these disasters cast a wide economic net. more

By Rhonda Miller
PBN Staff Writer | 4/8/13

Suspended city loan program victim of own success
121nexus used its $50,000 Providence Innovation Investment Program loan to hire its first employee and four interns to develop a mobile voter-data system in time for the 2012 presidential election. more

By Patrick Anderson
PBN Staff Writer | 4/8/13

Barnum Financial Group named MetLife’s 2012 firm of the year
Barnum Financial Group, an office of MetLife, has been named MetLife’s 2012 Firm of the Year. The company, which has five locations in Rhode Island, was also awarded the company’s highest management honor, the 2012 Individual Distribution Firm of the Year, the company announced recently. more
RBS likely to face more Libor sanctions, Japanese watchdog says
Royal Bank of Scotland Group Plc faces further sanctions in Japan after the country’s securities regulator found traders at Britain’s biggest publicly owned lender attempted to manipulate benchmark interest rates. more
BofA to revamp branch design to attract customers
Bank of America Corp. plans to renovate its 5,400 domestic branches to include tablet-carrying employees and couch and chair lounge areas for customer use in order to coax customers back into its branches, according to a report from USA Today. more
Amica ranks highest for customer satisfaction
Amica Mutual Insurance Co. has ranked highest in customer satisfaction on the J.D. Power and Associates 2013 Property Claims Satisfaction Study, the insurer announced Wednesday, adding that this is the second consecutive year that Amica has ranked highest in the study. more
| 4/3/13
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