Investing
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International demand for U.S. assets rises on global slowdown
International purchases of U.S. stocks, bonds and other financial assets rose more than forecast in December as investors sought shelter from slowing global growth. more
BofA says BRICs are back as it recommends emerging bonds
Bank of America Merrill Lynch said investors should buy emerging market bonds and equities as the so-called BRIC nations of Brazil, Russia, India and China post the biggest improvement in growth this year. more
Merrill Lynch recognizes DeMarco
Merrill Lynch has recognized Providence-based Edythe DeMarco as being among the top advisers in Rhode Island in its annual “America’s Top 1,000 Advisors: State-by-State” list, according to a press release. more
Conn.-based SI Financial Group buying Newport Fed
Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million. more
| 3/5/13
R.I. companies announce quarterly dividends
Some of Rhode Island’s largest companies announced second quarter 2013 dividends this Wednesday, which will be paid to shareholders in the coming months. more
Interest rates at R.I. banks dropped 25% from ’11, study says
Interest rates offered by Rhode Island’s banks and credit unions for certificate of deposit and savings accounts fell an average 25 percent between 2011 and 2013, according to a study released Wednesday by GoBankingRates.com. more
| 3/6/13
Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
RBS sued by ING, Illinois teachers over 2008 rights offering
Royal Bank of Scotland Group Plc was sued by a group of 21 pension funds and investment firms claiming the lender misled them about its finances when selling new shares in 2008, months before a government bailout. more
Barron’s: Makin top adviser in Rhode Island
Raymond James’ Malcom Makin was ranked the top financial adviser in the state of Rhode Island, according to Barron’s financial magazine’s annual listing of the top 1,000 financial advisers in the U.S. more
4/23/12
Social Venture Partners provides $20K to Metryx
Social Venture Partners of Rhode Island provided a $20,000 loan to Metryx LLC, “further strengthening the collaboration between these two organizations,” said SVPRI in a release. more
| 4/18/13
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