Tax changes would help research, small biz
No one ever said running a business was easy. Part of what makes it difficult is complying with the ever-changing federal tax code. Brace...
Equity firm investing $115M in Webster
WATERBURY, Conn. – Private equity firm Warburg Pincus is investing $115 million in Webster Financial Corp. after concluding the regional bank, which has been...
State to issue $350M in TANs
PROVIDENCE – The state of Rhode Island will issue $350 million in tax anticipation notes (TANs) this month to help the state’s cash flow...
FM Global named “top performing” insurer
JOHNSTON – Commercial property insurer FM Global, Rhode Island’s largest private company, has been named one of top performing U.S. property and casualty insurance...
Mass. bank recruiting football teams
BOSTON – Here’s a marketing scheme of a different type – a Massachusetts bank is looking for a high school football team that can...
Five Questions With: Geoffrey H. Bobroff
There have been a lot of changes of late among the senior executives at local banks. The most recent is the announcement on July...
MetLife posts loss; profit up in Warwick
NEW YORK – MetLife Inc., the nation’s largest life insurer by policies, yesterday said it suffered a second consecutive quarterly loss as its investments...
R.I. foreclosures fall in first half of ’09
IRVINE, Calif. – The number of foreclosures in Rhode Island fell 7.95 percent in the first half of 2009 compared with the same 2008...
Sovereign loss hurts Santander profit
MADRID – Banco Santander S.A., the largest bank in the eurozone, said yesterday its net income fell slightly in the first half of this...
BankRI sees profit drop two-thirds
PROVIDENCE – Bancorp Rhode Island Inc., the parent of Bank Rhode Island, today posted a second-quarter profit of $740,000, a 66.98 percent drop from...
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