Financial Services
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Jeff Sturges, president and CEO of Bristol-based Resolute Racing Shells, admits the company’s boats cost a bit more than most domestic competitors. But racers get what they pay for, says Sturges, pictured above. “You get a boat that lasts you much longer,” he said. The company has been making elite-level racing shells since soon after its founding in 1994. Since 1997, 10 NCAA Women’s National Championships have been won by crews who rowed primarily Resolute racing shells. more
Four years after Sovereign Bank was acquired by global banking giant Banco Santander SA, which is based in Spain, the name change to Santander Bank will become official on Oct. 17. That impending change, even though many in the financial community consider it just about a name, will nevertheless put Sovereign’s Region President for Southern New England Brian A. Azar in the spotlight. more
BOSTON – A company that provides ATMs to numerous convenience stores, restaurants and other retail businesses in Massachusetts agreed to pay $50,000 to settle allegations that it failed to post fee-disclosure notices on certain machines, Attorney General Martha Coakley announced last week. more
President Barack Obama recently said that choosing the next chairman of the Federal Reserve is “definitely one of the most important economic decisions that I’ll make in the remainder of my presidency.” more
Rhode Island was on par with the low national credit card delinquency rate but had the highest rate of debt increase in the second quarter of 2013, credit analysis company TransUnion reported Tuesday. more
The Citizens Bank mobile apps for Android and iPhone have received the most positive customer feedback in the industry in a study done by Xtreme Labs. more
The South Eastern Economic Development Corp. has received a $50,000 grant from Rockland Trust Community Development Corp. to provide financial counseling to small businesses in Rhode Island and Massachusetts. more
Starkweather & Shepley Insurance Brokerage Inc. has moved up four spots on Business Insurance Magazine’s Top 100 List of Insurance Brokerages in the United States. more
Financial institutions that want to stay up with, or ahead of, the competition, would do well to expand their capabilities for mobile banking for middle-market and corporate clients. more
President and CEO of Wariwck-based Biomedical Structures talks about how recent mergers and acquisitions have affected the firm financial. more
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