Financial Services

Op-ed / Letters to the Editor
May 18
Guest Column :
William D. Cohan

Treatment of SEC whistle-blower puts leadership in doubt

George Canellos, 48, has one of the Securities and Exchange Commission’s top jobs. The SEC’s new chairman, Mary Jo White, appointed him as co-director of the enforcement division, along with Andrew Ceresney, a former partner of White’s at Debevoise & Plimpton.
Advice
May 18

Finding some success with zero-down loans

Who says lenders need to charge you a cash down payment when you take out a mortgage in this era of hyper-strict underwriting?
Law
May 18

Providence tax-firm owner to serve 27 months

PROVIDENCE – The owner of a local tax-preparation firm has been sentenced to 27 months in federal prison for under-reporting more than $1 million in income and failing to pay nearly $400,000 in federal taxes, The Associated Press reported last week.
Financial Services
May 18

Fitch gives stable rating to R.I. CWFA

AUSTIN, Texas – Fitch Ratings this month assigned a AAA rating to $49 million in Rhode Island Clean Water Finance Agency’s water-pollution-control, revolving-fund revenue bonds. The rating outlook is stable.
Banking
May 18

By Rhonda Miller
PBN Staff Writer

Citizens’ planned IPO way to help pay U.K. debt

Providence-based RBS Citizens Financial Group has chosen a new leader specifically to prepare for a partial IPO planned for 2015, replacing Chairman and CEO Ellen Alemany, named one of 10 CEOs to watch this year by American Banker.
Banking
May 16

Customers increases public offering amount to $90M

Customers Bancorp Inc., parent company of Customers Bank, has increased its previously announced offering of $75 million of common stock to $90 million, the bank announced Wednesday.
Entrepreneurship
May 15

KLR opens office to new businesses looking for support

Kahn, Litwin, Renza & Co. Ltd. announced Tuesday that it was opening the KLR Emerging Business Center in its North Main offices to help lend support and guidance to startups and emerging businesses in the Ocean State.
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