Financial Services

Bank of America closes U.S. Trust deal

PROVIDENCE – Bank of America today announced it has completed its acquisition of U.S. Trust Corp. and has named William F. Hatfield to serve...

Textron Financial renames Systran division

PROVIDENCE – Textron Financial Corp., a subsidiary of Textron Inc. (NYSE: TXT), today announced that its Systran Financial Services division has been renamed the...

Physical therapist pays $100,000<br> to help settle Medicare charges

PROVIDENCE – William H. Wynne, a physical therapist who had offices in East Providence and Warwick, has paid the U.S. government $100,000 to settle...

Providence Equity in $48.9B winning bid for BCE

Investors led by the Ontario Teachers’ Pension Plan and Providence Equity Partners beat out rival bidders for Montreal-based BCE Inc., Canada’s biggest telephone...
GEORGE H. NEE sees recent revelations about high-priced consulting contracts at the R.I. Department of Transportation as an example of the dangers of privatization. /

Taking on the governor<br> to protect unionized workers

George Nee is a lightning rod. As one of Rhode Island’s most powerful union leaders – and a man not afraid to wield his...

Fed to cut jobs at district sites

The Federal Reserve’s district banks will cut 1,740 check-processing jobs over four years across the U.S. as consumers write fewer checks.The largest single reduction...

Banks tout trade benefits as public support erodes

U.S. banks, insurers and other financial companies released two separate reports touting the benefits of lower trade barriers last Tuesday, aiming to counter a...

Subsidy cuts will raise student loan costs, banks say

Middle-income American families will pay more for college if lawmakers cut federal subsidies to lenders, limiting children’s chances for education, student-loan companies said last...

McAfee: Cyber-criminals exploit networking sites

Criminals are exploiting social networking Web sites such as MySpace, Facebook and Bebo to trick and defraud users, according to a report from McAfee...

A creative way to attract buyers in a slow market

Mark Reo says he’s in the business of creative problem-solving in a problematic market. The founder and president of Cranston-based Reo Properties came up...
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