Friday, April 19, 2024

TOPICS

Financial Services

Bank execs: Job cuts not looming

CHICAGO – Four out of five high-level bank executives say they don’t plan to cut jobs and may even add some in the next...
IN HER NEW POSITION, Barbara Cottam will direct government affairs, media and public relations, internal communications, the Citizens Charitable Foundation and corporate giving, and marketing sponsorships.  /

Cottam new Citizens corporate-affairs head

PROVIDENCE – Barbara Cottam, an executive vice president at Citizens Financial Group Inc., has been promoted to head of corporate affairs and will oversee...
FROM LEFT: Helena Marques, executive director of the Immigrants’ Assistance Center Inc.; Gail Fortes, executive director, YWCA Southeastern Massachusetts; Christy Keswick, chief operating officer, Good Sports Inc.; Joe McDonough, trustee and treasurer of the Old Dartmouth Historical Society-New Bedford Whaling Museum; Scott Lang, mayor of New Bedford; Dennis Kelly, president and chief executive officer, Bristol County Savings Bank; Bruce Morell, board president and Donna Albino, projects manager, Shore Support; Paula Freitas, assistant vice president, Bristol County Savings Bank; and Lisa Schmid Alvord, president, Our Sister’s School. /

7 nonprofits receive $47,000 from bank

Bristol County Savings Bank, in celebration of the groundbreaking for its first New Bedford location, awarded six New Bedford-based nonprofit organizations with grants totaling...

Harvard selling $400M in tax-exempt bonds

CAMBRIDGE, Mass. – Harvard University, which has almost doubled its debt burden in three years, began selling about $400 million of tax-exempt bonds last...

AcceptPay can help you collect

One of the most pressing issues facing small-business owners today is this: “How do I get paid faster?” Over the last several years,...
U.S. SMALL BUSINESS ADMINISTRATION Rhode Island Director Mark S. Hayward reported that lending activity increased dramatically in the fourth quarter due to the federal stimulus bill. /

SBA sees big jump in loans in 2009 4Q

PROVIDENCE – Lending through the U.S. Small Business Administration in Rhode Island jumped sharply in the final three months of 2009, thanks in part...
R.I. REP. STEVEN M. COSTANTINO, chairman of the House Finance Committee, grilled state government department heads about why more federal stimulus dollars have not been spent in Rhode Island so far. /

FinCom chair questions stimulus spending

(Updated, 11:20 a.m.) PROVIDENCE – House Finance Committee Chairman Steven M. Costantino badgered state department heads Thursday about why they haven’t moved faster to spend...

Fed sees mixed picture in R.I. real estate

BOSTON – The Federal Reserve Bank of Boston said Wednesday that activity in Providence’s commercial real estate market may be picking up, but concerns...

FM Global opens office in Switzerland

JOHNSTON – FM Global said Tuesday it has opened a new branch office in Lugano, Switzerland, after the Swiss government approved its application to...
Stephen Hester, CEO of RBS, which owns Citizens Bank, said his parents think his $2 million base salary and the rest of his pay package is too generous. /

Even RBS CEO’s mom says he’s overpaid

LONDON – The chief executive of Royal Bank of Scotland Group Plc, parent of Providence-based Citizens Financial Group Inc., said Tuesday that even his...
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