Monday, March 18, 2024

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Citizen’s, Washington Trust CEO’s compensations fall in 2023

PROVIDENCE – A pair of bank CEO saw their respective compensations fall in 2023. Bruce Van Saun, CEO of and president of Citizens Financial Group...

After 65 years, Home Loan Investment Bank changes name to Shoreham...

WARWICK – Home Loan Investment Bank FSB says it has changed its name to Shoreham Bank to reflect its expansion of its financial products...

Washington Trust kicks off 24th annual Peanut Butter Drive

WESTERLY – The Washington Trust Co. has kicked off its 24th annual Peanut Butter Drive and will collect jars of peanut butter at the...

Fintech industry group opposed R.I. bank legislation

PROVIDENCE – The American Fintech Council, an industry association representing fintech companies and innovative banks, recently testified that it opposes Rhode Island legislation that...

Federal Reserve is likely to preach patience as consumers, markets look...

WASHINGTON (AP) – Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective...

URI Research Foundation’s Rumsey, CIC’s Messier among PBN’s 2024 C-Suite Awards...

PROVIDENCE – Peter Rumsey, chief business development officer for the University of Rhode Island Research Foundation, has been named the 2024 Career Achiever for...
CREDIT ­ISSUES: Spencer Blier, left, CEO and founder of Mammoth Inc., one of Rhode Island’s licensed cannabis cultivators, in his facility with one of the Mammoth technicians. Because the federal government has not legalized cannabis, banking services and credit card processing are difficult to come by for businesses in the industry. 
PBN FILE PHOTO/MICHAEL SALERNO

Credit card restrictions curbing cannabis sector

People’s Credit Union CEO and President Sean Daly says major credit card companies and financial institutions remain cautious about entering the legal cannabis industry,...
FINTECH ­COLLABORATOR: University of Rhode Island assistant professor H. Zafer Yuksel believes having URI join the Mass Fintech Hub will provide big benefits to Rhode Island students studying financial technology. 
PBN PHOTO/­MICHAEL SALERNO

URI hoping to close state’s fintech gap with cross-border alliance

In the relatively nascent sphere of financial technology, Rhode Island – echoing its relationship to the biotech industry – hasn’t caught up with neighboring...
James Worrell

Retirement savings: When every dollar counts

Do you know how much you are paying for your 401(k) or 403(b) plan and investments? Paying too much in fees, even just 1%...

Van Saun receives 2024 Foreign Policy Association Medal

PROVIDENCE – Citizens Financial Group Inc. Chairman and CEO Bruce Van Saun recently received the 2024 Foreign Policy Association Medal, Citizens announced. Van Saun said...
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