Editor's note: This is the second of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications.
James Brady sits outside a …
Cheryl Gouveia has been promoted to vice president of operations and portfolio management at South Eastern Economic Development Corp. She brings more than 20 years of banking and finance experience to her new role. She is a graduate of Fairhaven …
Elizabeth Voss has joined South Eastern Economic Development Corp. as a commercial credit analyst. She has worked as a commercial credit analyst since 2003 and brings more than 15 years of commercial banking and underwriting experience to her new …
By Sofia Horta e Costa and Dani Burger Bloomberg News
U.S. stocks climbed, with the S&P 500 Index on track for a quarterly advance, as markets showed further signs of stabilizing after wide swings in the wake of Britain’s decision to leave the European Union.
(Updated, 5:35 p.m. and 6 p.m.)
Morgan Stanley was alone among the largest U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional approval to make payouts to shareholders. Thirty other firms passed, while two subsidiaries failed, including Santander Bank.