The IMF warned officials to protect their financial systems from possible instability as the U.S. Federal Reserve prepares to raise interest rates, saying shocks or policy missteps risk derailing the global economy and triggering equity market sell-offs.
A U.S. House Career and Technical Education committee field hearing co-hosted by U.S. Rep James R. Langevin and the German Marshall Fund of the United States featured education and workforce development advocates and business representatives from Rhode Island and Germany discussing ways to strengthen apprenticeship programs.
The Federal Deposit Insurance Corp. released its annual summary of deposits, showing that as of June 30 Santander Bank N.A. had gained the largest portion of the Rhode Island market share, even as market leader Citizens Bank grew its share as well.
The state’s general fund received $381.9 million from the R.I. Lottery in fiscal 2015, an increase of $5.6 million compared with the previous year, according to the lottery’s audited financial statements.