Financial Services
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BOSTON – Thousands of Massachusetts motorcycle owners will receive a total of $14.6 million in insurance refunds as a result of a settlement with Commerce Insurance Co. after allegedly being overcharged on their policies, Mass. Attorney General Martha Coakley announced last week. more
NEW YORK – Fitch Ratings last week affirmed the “B” rating of Woonsocket’s $109 million in outstanding general obligation bonds, assigning the rating outlook as “stable.” more
Two Rhode Island banks posted a higher return on assets than the national average for the first quarter of 2014, according to the Federal Deposit Insurance Corp.’s Quarterly Banking Profile. more
Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst. more
Tao Sun, who led Providence Equity Partners Inc.’s investing team in China, has left the private- equity firm after three years, according to a person familiar with the move. more
Fidelity Investments will lay off 460 employees in Kentucky and Texas over the next 12 to 18 months following the outsourcing of the company’s printing and mailing operations. more
Moody’s Investors Service has affirmed its “Baa2” rating of Pawtucket’s $34.9 million in long-term general obligation bonds and raised the city’s rating outlook from negative to stable. more
Director of supplier diversity for National Grid talks about the company’s work with minority business owners. more
The South Eastern Economic Development Corp. has awarded a small-business loan of $440,000 to Performance Plus Dog Training in Raynham, Mass., according to an announcement by SEED. more
The International Tennis Hall of Fame has partnered with Geico to offer discounts on car insurance. more
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