Financial Services
640 results total, viewing 71 - 80
PROVIDENCE – A judge has allowed the Wyatt Detention Center in Central Falls to enter into receivership after officials said the facility is facing serious fiscal problems, WPRI-TV Channel 12 reported on its website last week. more
Much has changed since Barrington resident Maria F. Barry started in the commercial-credit department of Fleet Boston Financial in 1987, starting with the regional bank’s acquisition by national lending giant Bank of America. Twenty-seven years later, Barry is now community-development-banking national executive for Bank of America Merrill Lynch, in charge of the bank’s affordable and mixed-income housing investments. With demand for rental housing soaring across the country and government-housing subsidies static at best, affordable developers and their lenders are struggling to fill financing gaps. more
Meeting face to face is a critical element in building relationships, so some banks, including Bank of America and Savings Institute Bank & Trust, are expanding the use of videoconferencing to maintain one-on-one conversations among employees in different locations and to offer customers an opportunity to meet with specialists, such as mortgage loan officers. more
Bank of America Corp. failed to win dismissal of two government lawsuits in which it’s accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities. more
JPMorgan Chase & Co. engaged in a “pattern of discriminatory” lending that led to foreclosures, the city of Miami said in a lawsuit filed last week in federal court, the latest in a series of similar claims against the nation’s largest banks. more
Bristol County Savings Bank has been designated an SBA Preferred Lender, according to an announcement by the Massachusetts District of the U.S. Small Business Administration on June 12. more
Representatives of AllianceBernstein Investments, program manager for the Rhode Island CollegeBoundfund , the 529 college savings plan, sponsored a seminar for financial advisers and attorneys on May 29 as part a national education day on the program. more
Bank Rhode Island’s BizHub website has generated a strong response to the resources offered and the spotlight on featured companies in the nine months since it was introduced, according to a June 3 update on the site from the bank. more
’s Credit Union Chief Financial Officer John Knierimdiscusses increasing competition from nonbank institutions that offer reloadable prepaid cards. more
Boston-based Fidelity Investments fell behind Vanguard Group Inc. for most money managed in 401(k)-style retirement plans last year, Bloomberg News reported more
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