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Providence
Thursday, October 18, 2018

Financial Services

Task force gauges the costs<br> of being poor in Providence

When you don’t have a bank account, cashing a paycheck can take a piece of your salary. If you don’t have a car, you...

SBA’s new ‘Patriot’ loans<br> offer special perks to vets

Bob Polito, director of government-guaranteed lending for Webster Bank, already has three veterans waiting to apply for the U.S. Small Business Administration’s new Patriot...

Slades Bank offers 6.01% on checking

Slades Bank this month unveiled a new checking product it said is the first of its kind in southern New England: “Power Checking,” with...

FDIC urges banks to make affordable smaller loans

The Federal Deposit Insurance Corporation last week approved a two-year pilot project to review “affordable and responsible” small-dollar loan programs in financial institutions, aiming...

Paulson urges rejection of third-party suits

U.S. Treasury Secretary Henry M. Paulson Jr. said last week that allowing victims of business fraud to file class-action suits against third parties...
TRADERS WORK on the floor of the New York Stock Exchange in New York City today,  as U.S. stocks retreated after Bear Stearns Cos.' plan to bail out a money-losing hedge fund sparked fears that mortgage bond losses may be worse than was previously believed. /

Stocks plunge on fears of mortgage-bond losses

NEW YORK – U.S. stocks plunged today, in the worst week since early March for both the Standard & Poor’s 500 Index and Dow...

Panel to study financial education in R.I.

STATE HOUSE – The General Assembly has authorized the creation of a panel to examine the status of youth financial education in Rhode Island. The...

Hedge-fund scare drives investors to bonds

NEW YORK – The difference in yields between 10-year and two-year Treasury notes grew to 23 basis points, the widest spread since October 2005,...

Rockland Trust parent sets 17¢ 2Q dividend

ROCKLAND – Rockland Trust Co.’s parent, Independent Bank Corp. (Nasdaq: INDB), last night announced that its board of directors has declared a second-quarter dividend...

Washington Trust sets 20¢ 2Q dividend

WESTERLY – The board of directors of Washington Trust Bancorp Inc. (Nasdaq Global Market: WASH), parent of The Washington Trust Co., today declared a...
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