Wednesday, September 28, 2022

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West Warwick man pleads guilty to running $14M Ponzi scheme

PROVIDENCE – A West Warwick man admitted to conducting a decadelong Ponzi scheme that defrauded investors of roughly $6 million, the U.S. Department of...

Goldman Sachs: Financial strains driving small-business election decisions

PROVIDENCE – Rising costs and economic uncertainty are top of mind for small-business owners when it comes to who they are backing in the...

Five Questions With: Colleen Gouveia Moulton

Colleen Gouveia Moulton was recently named senior vice president and director of commercial banking for BankNewport. She has more than 30 years of experience...

R.I. Infrastructure Bank names new CFO/COO

PROVIDENCE – The Rhode Island Infrastructure Bank is staffing up to help oversee its influx of federal funding. The quasi-public financing agency recently named Eileen...

RIHEBC awards $100K grant to Mercymount Country Day School

PROVIDENCE – The Rhode Island Health and Educational Building Corp. recently awarded a $100,000 grant to Mercymount Country Day School to help pay for...

People’s Credit Union offers free trees to community

MIDDLETOWN – People’s Credit Union is teaming up with the Arbor Day Foundation to offer free community trees, according to a news release. Under the...

Boston Fed’s Collins says ‘modest slowdown’ is possible 

WASHINGTON (AP) – Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be...
A $500 MILLION PENSION obligation bond issue had been given the go-ahead by state legislators and Providence voters in order to ease the city's pension problems, but rising interest rates have put that bond issue in question. / PBN FILE PHOTO/CHRIS BERGENHEIM

Providence $500M bond issue to ease pension woes in jeopardy because...

Rising interest rates have thrown a monkey wrench into Providence’s plan to borrow $500 million to ease its deepening pension problems, and some say...

Navigant, R.I. Hispanic Chamber offer low-interest loans for Latinx small businesses

PROVIDENCE – The state’s largest credit union has partnered with a Hispanic business services group to try to help Latinx small-business owners secure bank...

Lardaro: R.I. economy shows signs of accelerating

PROVIDENCE – Rhode Island’s economy expanded for the 16th consecutive month in July and there were hints of an accelerating pace of activity, University...
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