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Saturday, February 17, 2018
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Providence Equity confirms new $12B fund

PROVIDENCE – Providence Equity Partners Inc. yesterday confirmed it has closed its sixth fund, with $12 billion in capital commitments.The new fund –...
'I AM COMMITTED to responding to DBR's findings in a cooperative manner on behalf of Beacon's 14,000 policyholders,' said James V. Rosati, the insurer's new president and CEO. /

DBR issues draft report on Beacon Mutual

The Beacon Mutual Insurance Co. yesterday confirmed it has received a draft of the R.I. Department of Business Regulation's report on the company. The...
JOSEPH J. MarcAURELE, chairman, president and CEO of Citizens Bank of Rhode Island, will receive the 2nd Housing Hero award for leadership in affordable housing. /

House of Hope names MarcAurele a ‘Housing Hero’

WARWICK – House of Hope CDC today announced that its second annual Housing Hero award will go to Joseph J. MarcAurele, chairman, president and...

CEO: Bank of America doesn’t need more takeovers

CHARLOTTE, N.C. – Bank of America Corp. CEO Kenneth D. Lewis, the takeover king whose purchases in the past four years have more than...

Treasuries lose investors along with volatility

The U.S. government securities market, once the world’s most influential, is losing its “masters of the universe” cachet with big banks, according to Bloomberg...

New foundation puts Newport Fed $1.7M in red

NEWPORT – Newport Bancorp Inc. (Nasdaq: NFSB), the holding company for Newport Federal Savings Bank, has posted a 2006 net loss of $1.656 million,...

Oil prices expected to fall as mercury rises

Forecasts of warmer weather in the Northeast – the nation’s largest user of heating oil – have fueled speculation that U.S. inventories might be...
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Bernanke, Fed forecast get mixed reception from Dems

WASHINGTON - Federal Reserve Chairman Ben S. Bernanke, in his first clash with the Democrat-controlled House, signaled that the central bank may need to...

$3.6M donation puts Newport Fed $1.7M in red

NEWPORT – Newport Bancorp Inc. (Nasdaq: NFSB), the holding company for Newport Federal Savings Bank, has posted a 2006 net loss of $1.656 million,...
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Employers find ways to keep retirees on the job

If you are 55 and have worked for five years at Citizens Bank or Blue Cross & Blue Shield of Rhode Island, you're eligible...
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