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Sunday, December 16, 2018
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Financial Services

Fitch affirms ‘AA’ credit rating, ‘stable’ outlook for FM Global

JOHNSTON – FM Global, among the world’s largest commercial and industrial property insurers, has received an “AA” financial strength affirmation from Fitch Ratings, the...

Five Questions With: Marcus Charlemagne

Marcus Charlemagne was recently named assistant vice president and manager for The Washington Trust Co.’s new North Providence branch, set to open at 1588...

Cleanup efforts to continue at 4 R.I. ‘Superfund’ sites after EPA...

PROVIDENCE – The Environmental Protection Agency has completed comprehensive five-year reviews of four sites in Rhode Island that have been designated federal “Superfund” contamination...

R.I. among 42 states to reach $6M settlement with Encore Capital...

PROVIDENCE – Rhode Island joined 41 states and the District of Columbia in reaching a $6 million settlement with Encore Capital Group Inc. and...
AN AERIAL VIEW shows more than 9,000 solar panels clustered to form the A Street solar energy farm, located at a former landfill in Johnston. The facility will be used to generate power for Johnston and Providence. / COURTESY SOUTHERN SKY RENEWABLE ENERGY RI

New solar panel array will generate power for Johnston, Providence

JOHNSTON – Rhode Island added another notch on its list of solar energy farms recently when officials celebrated the opening of the 9,400-solar panel...
FIDEILITY'S MONEY-MARKET assets grew to $629 billion as of Oct. 31. / BLOOMBERG NEWS FILE PHOTO/ JB REED

Fidelity widens its lead in cash business by adding $50B

NEW YORK - Fidelity Investments is dominating a business that is thriving even as stocks and bonds struggle.Fidelity’s money-market assets grew to $629 billion as...
SEEKING INVESTMENT: Inclusion in the nationwide Opportunity Zone program could mean an influx of new investment and development for regions of the state deemed low-income census tracts. Each of the 25 Rhode Island tracts, the maximum nominations allowed by each state, has a greater-than-27 percent poverty rate. Investors in the program – who could fund everything from startups and business expansions to real estate deals – will be eligible for tax benefits. / SOURCE: R.I. COMMERCE CORP.

New Opportunity Zone program could help banks meet CRA requirements

Included in the 2017 $1.5 trillion federal tax overhaul heralded by President Donald Trump and passed by Congressional Republicans was the Opportunity Zone program.Encouraging...
ASSISTING CUSTOMERS: Bank teller Kayla Beauvais, left, helps Jacqueline Daigneault of Cumberland at the Citizens Bank branch in town at 2000 Mendon Road. / PBN PHOTO/MICHAEL SALERNO

Some banking regulatory requirements easing

A decade after the financial crisis, the banking industry appears to be in great shape. Profits are way up and some of the regulatory...

Protect small businesses from predatory lending

If you knew what you were doing, would you sign a contract allowing a company to sue you and take your money whenever it...

Recession bigger threat than inflation

Any move by the Federal Reserve is the subject of concern and debate, as it should be. President Donald Trump has gotten involved in...
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