Updated August 2 at 3:11pm
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Royal Bank of Scotland Group PLC and HSBC Holdings PLC, two of Britain’s largest banks, awarded about 10.6 million pounds ($17.8 million) in shares to senior executives as regulators impose limits on cash bonuses. more
Financial firms raised the most money this year in U.S. initial public offerings since 2008, as investors shook off doubts from the credit crisis and bet that a new breed of lenders is poised to wrest business from big banks. more
RBS Citizens, the commercial banking division of Providence-based Citizens Financial Group Inc., is expanding into new geographic markets with an emphasis on growth industries such as health care, technology and franchising, the bank announced Wednesday. more
Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. more
President and CEO of Healthcentric Advisors talks about the $53.4 million contract the nonprofit received as part of CMS’ Quality Innovation Network-Quality Improvement Organization program. more
Two nurse practitioners pursuing doctorates at the University of Rhode Island have been awarded scholarships from The Jonas Center for Nursing Excellence and Veterans Healthcare. more
CVS/pharmacy this week celebrated the grand opening of a new location in Renton, Wash., the retail pharmacy chain’s first store in the state of Washington and an entry point into the Seattle market. more
Retail sales were little changed in July, the worst performance in six months, as car demand slowed and tepid wage growth restrained U.S. consumers. more
(Updated, 1:39 p.m.) The University of Rhode Island has named Christian Cowan the director of the Polaris Manufacturing Extension Partnership, the statewide nonprofit formerly known as the Rhode Island Manufacturing Extension Service. more
New England Construction has announced the promotion of Matt Sluter, son of founder and CEO David Sluter, to the position of company president as part of the firm’s transition to the next generation of family-owned leadership. more
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