Corporate cash reserves remain high and growing in banks, while a significant stream of cash is flowing into the types of corporate investment that is a promising sign for American business, according to a 2013 survey by the Association for Financial Professionals that was released June 19.
The “Gordian knot” of the foreclosure crisis, as former Bank Rhode Island President and CEO Merrill W. Sherman described the glut of homeowners defaulting on underwater mortgages last year, appears to be loosening.
Hedge funds are a polarizing topic across the country, but the Rhode Island state pension system’s investment in them at a time of major benefit cuts has drawn a backlash. University of Rhode Island finance professor Gordon H. Dash has researched hedge funds, hedge-fund forecasting and the use of neuroscience to inform hedge-fund investing. He teaches students the principals behind hedge funds and this year is organizing URI’s first student-run hedge fund. more
Vietnam combat veteran John Shepard had already co-founded two breakthrough-technology companies – involving network firewalls and fingerprint readers – when he went looking for a line of credit for his most recent company, Veterans Assembled Electronics.
With many financial services easily accessible online and on smartphones, some banks in Rhode Island and southeastern Massachusetts are sticking to the strategy of expanding the number of bricks-and-mortar branches as a valuable presence for consumer and commercial customers.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.