Updated August 27 at 12:28pm
Financial Services
699 results total, viewing 611 - 620
Reporting its 24th consecutive quarter with year-over-year revenue growth, Webster Financial Corp., parent of Webster Bank NA, on Thursday announced its third-quarter earnings, which included net income of $51.5 million, a 2.1 percent increase. Earnings per diluted share increased 1 cent to 54 cents. more
Bank of America Corp. showed it could follow through on its plans to cut costs. Shares of the Charlotte, N.C.-based firm rose 0.8 percent to $15.64, the only gain in the 24-company KBW Bank Index. more
Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded some analysts’ estimates. more
Despite an overall reduction in the number of taxpayer-backed loans made in Rhode Island last fiscal year, small business loan dollar volume grew 2.8 percent thanks largely to an increase in financing for fixed assets, such as real estate and machinery. more
(Updated, 5:18, Oct. 19) Citizens Bank NA is among the top 100 most active small business lenders in the United States and ranks third in Rhode Island, according to year-end lending numbers released by the U.S. Small Business Administration. more
A Banco Santander SA unit told a London judge that four state-owned bus and metro companies in Portugal defaulted on a type of interest-rate hedging derivative known as a “snowball.” more
General Treasurer Seth Magaziner has extended a financial incentive for Rhode Islanders interested in opening a college account through the state’s 529 college investment fund. more
The Lincoln branch of Santander Bank will be its first in Rhode Island to offer a new service designed for its wealthier customers. more
If your financial adviser put you in a mutual fund that had slumped 24 percent for the year, you'd probably have given him a call by now, right? That seems to be the predicament that adviser David Mendels is in these days when it comes to … more
Last week we discussed reasons to structure the purchase of a business as an asset sale. This week, we discuss successor liability and ways to effectively close the deal. Learning after the fact that you are responsible for the tax … more
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