Investing
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Derek Lombard
Age: 38 more
7/23/12
Oppenheimer, RBS Citizens reach deal
Oppenheimer Holdings Inc., the investment bank run by Albert “Bud” Lowenthal, reached a client-referral agreement with RBS Citizens Financial Group Inc. to share middle-market clients for some services. more
BofA’s debt cuts leave 3-year capital cushion
Bank of America Corp.’s record $53 billion reduction of of long-term debt in the second quarter will help the lender go three years without needing to tap the bond market, the biggest cushion in its history. more
Rockland parent posts 2Q profit decline
Independent Bank Corp., parent of Rockland Trust Co., posted net income of $8.9 million, or 41 cents per diluted share, for the second quarter, a decline of 20.2 percent when compared with the year-earlier period. more
Starkweather acquires Sturbridge, Mass., firm
Starkweather & Shepley Insurance Brokerage Inc., the state’s largest independent insurance agency, announced today that it has acquired Insurance Professionals of New England, a Massachusetts-based agency. more
More investors turning to indexed annuities
Gains in indexed annuities are making some financial planners take notice, with first-quarter sales jumping 14 percent compared to last year. Overall, annuity sales are currently slumping, but indexed annuities are turning into a hot commodity. more
HDS International lands financing
Renewable energy company HDS International Corp. has entered into a convertible drawdown facility providing funds and credit, the company announced Tuesday. more
| 7/5/12
Historic tax credits can stabilize commercial tax bases
Rep. Jeremiah T. O’Grady’s career change from human resources to real estate, eventually becoming a project manager for Olneyville Housing Corp., put him in a unique position to watch the havoc caused by the collapse of the housing bubble. Elected to the General Assembly in 2010, the Lincoln Democrat is now trying to reverse some of the damage caused by the downturn through smart growth priorities such as the restoration of historic tax credits and transportation-funding reform. For his efforts on Smith Hill, O’Grady was a co-recipient of GrowSmart Rhode Island’s 2012 Outstanding Leadership Award. more
Nortek joins Russell indices
Nortek Inc., HVAC and ventilation maker, has joined the Russell 3000 and Russell 2000 indices, the company announced Monday. more
| 6/25/12
Local bank success stories a good sign
One of the first victims of the financial crisis that brought on the Great Recession was the region’s small businesses, which suddenly found their access to capital severely constrained when large banks were forced to readjust their risk profiles. more
6/25/12
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