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William Hamilton

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WEBSTER FINANCIAL CORP. reported Thursday that its profit for the third quarter was 3.2% lower than a year ago, but the performance still beat expectations on Wall Street. / PBN FILE PHOTO

Webster sees profit drop 3.2% in third quarter

STAMFORD, Conn. – Webster Financial Corp. on Thursday posted a third-quarter profit of $226.5 million, a 3.2% decline from the same period a year...
THE THIRD-QUARTER earnings reported by Citizens Financial Group Inc. on Wednesday did not meet the expectations of analysts on Wall Street. / COURTESY CITIZENS FINANCIAL GROUP INC.

Citizens posts $430M profit in Q3, down 32% from a year...

PROVIDENCE – Citizens Financial Group Inc. on Wednesday reported a third-quarter profit of $430 million, sinking 32.4% from its net income in the same...
THE WASHINGTON TRUST CO. has agreed to a $9 million settlement of allegations by the U.S. Justice Department that it engaged in discriminatory lending practices. The bank denies the allegations. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust agrees to $9M settlement of federal redlining allegations

PROVIDENCE – The Washington Trust Co. has agreed to a $9 million settlement to resolve allegations that the bank engaged in lending discrimination from...
PLANS SUBMITTED to the Capital Center Commission by Fogo de Chão show the restaurant plans to provide about 50 outdoor seats along Francis Street at Providence Place mall. / FOGO DE CHAO RENDERING

Brazilian steakhouse to fill long-empty Providence Place storefront on Francis St.

PROVIDENCE – A Texas-based Brazilian steakhouse chain is preparing to open its first Rhode Island location in a prominent street-level space at Providence Place...

Attorney General: R.I. part of a $450M settlement with opioid maker...

PROVIDENCE – Attorney General Peter F. Neronha says he and attorney generals from 35 other states have reached a $450 million nationwide settlement with...
REBECCA CHHIM talks with staff members at the Naval Undersea Warfare Center Division Newport in May 2021. Chhim was recently appointed head of the Undersea Warfare Combat Systems Department at NUWC. / PBN FILE PHOTO/KATE WHITNEY LUCEY

Chhim named chief of NUWC Newport’s largest unit

NEWPORT – Tiverton resident Rebecca Chhim has been appointed the head of the Undersea Warfare Combat Systems Department, the largest department at the Naval...
THE LARGEST SHAREHOLDER of Bally's Corp. has offered to buy all outstanding shares of the publicly traded company that owns Bally's Twin River Lincoln Casino Resort and Bally's Tiverton Casino & Hotel. / PBN FILE PHOTO/PAMELA BHATIA

Hedge fund proposes $1.7B buyout of R.I.-based Bally’s

PROVIDENCE – A hedge fund and largest shareholder of Bally's Corp. – the Rhode Island-based company that operates the state's only two casinos –...
HASBRO INC. will have new leadership on Feb. 25, when Chris Cocks formally takes over as the Pawtucket-based toy company's CEO. / COURTESY HASBRO INC.

Hasbro names new CEO from within company

PAWTUCKET – Hasbro Inc. has named its permanent replacement for Brian Goldner, the longtime CEO who died of cancer in October. Chris Cocks, a top...
PROVIDENCE COLLEGE is mandating that students, faculty and staff get their COVID-19 booster shot for the spring semester, which begins Jan. 18. / COURTESY PROVIDENCE COLLEGE

Providence College to require COVID-19 booster for spring semester

PROVIDENCE – Providence College has joined the list of local colleges to mandate COVID-19 booster vaccinations for students and employees before the start of...
FITCH RATINGS has upgraded the city of Providence financial outlook to "positive" and affirmed the "A-" rating for two of its general obligation bonds and its "BBB" issuer default rating for the city.

Fitch Ratings upgrades Providence’s financial outlook, affirms ratings

PROVIDENCE – The city of Providence is holding steady financially, according to Fitch Ratings. The agency has affirmed "A-" ratings for two of the city's...
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