Regulation
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Why should taxpayers give big banks $83B a year?
On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Chief Executive Jamie Dimon -- make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country’s position in global finance. more
Fishermen face Feb. 28 license registration deadline
Commercial fishing license holders seeking new or renewed licenses from the R.I. Department of Environmental Management face a Feb. 28 deadline. more
| 2/22/13
R.I. homeowners receive 4Q mortgage relief valued at $59M
Homeowners in Rhode Island are continuing to receive financial relief from the five mortgage service providers at the center of the National Mortgage Settlement, Attorney General Peter F. Kilmartin announced. more
Report: R.I. economy demands ‘unique approach to economic development’
There’s more to the Rhode Island economy than what is reflected in recent national rankings, according to a report released Wednesday by Fourth Economy Consulting. more
| 2/20/13
Push is on to curb packaging debris
Businesses that package their own brands are facing increased pressure in Rhode Island to take more responsibility, including more of the financial burden, for reducing, recycling and disposing of packaging materials. more

By Rhonda Miller
PBN Staff Writer | 2/18/13

Passion insulates firm from doubt
Some small businesses are started from a love for a particular product or field. Others are born out of a person’s professional desire to be their own boss and control a career trajectory, while shaping service based on their specific ideals. more

By Rebecca Keister
PBN Staff Writer | 2/18/13

Legislators promise collaboration, perspective in 2013 at GPCC lunch
Collaboration, perspective and planning were the watchwords at the Greater Providence Chamber of Commerce’s 2013 Legislative Luncheon, where more than 650 people gathered at the R.I. Convention Center on Wednesday to hear the state’s legislators discuss economic development, tax policy and the state’s business climate. more
Report: R.I. lost $229M in taxes in 2012 to offshore tax havens
(Updated, 4:32 p.m.) Rhode Island lost $229 million in tax revenue due to the use of offshore havens in 2012, according to a report released Tuesday by the R.I. Public Interest Research Group. more
| 2/5/13
Banks contest BofA’s $8.5B Countrywide settlement
Three Federal Home Loan Banks and a fourth financial institutions filed court documents on Friday against Bank of America Corp.’s $8.5 billion agreement to settle claims related to mortgages issued by its Countrywide unit, The New York Times reported. more
| 2/4/13
Payday loans face scrutiny
Modern payday lending was legalized in Rhode Island in 2001 and didn’t cause too much outcry until the recession began adding to the number of local families falling deeper into debt and bankruptcy. more

By Patrick Anderson
PBN Staff Writer | 2/4/13

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