Financial Services

Washington Trust set to expand online services

WESTERLY – The Washington Trust Co. is preparing to roll out a new Web site with sections for personal banking, wealth management and business...

2007 slump likely to worsen in 2008, analysts say

NEW YORK – The slump in U.S. real estate and finance markets is likely to worsen in 2008, based on forecasts “by everyone from...
THE 340,000-square-foot, four-story building FM Global plans to open in mid-2009 is expected to be LEED-certified. Above is a rear view of the planned headquarters. /

FM Global to re-build in Johnston

JOHNSTON - After a year of exploring its options, FM Global, Rhode Island’s largest private company, announced plans to build a $60 million headquarters...

Nasdaq again extends Kopin filing deadline

TAUNTON – Kopin Corp. (Nasdaq: KOPN) has been granted additional time to regain compliance with Nasdaq rules, the company said today. The board of directors...

BCBSRI agrees to $20M settlement <br> in federal influence-peddling probe

PROVIDENCE – Blue Cross & Blue Shield of Rhode Island has entered into a $20 million agreement with the U.S. Attorney’s Office for the...

Four executives leave BCBSRI

PROVIDENCE – The departures of four Blue Cross & Blue Shield of Rhode Island senior executives was confirmed today by Kim Keough, the insurer’s...
THE FOMC cut the benchmark federal funds rate by 25 basis points, to 4.25%, its lowest since January 2006. The Fed Board of Governors cut another key rate today by the same amount, paring the discount rate to 4.75%. /

Fed again pares two key interest rates, each by 0.25%

WASHINGTON – Federal Reserve policymakers cut their benchmark interest rate by a quarter of a percentage point to 4.25 percent to help keep the...
CHARLES P. LEE, a vice president and financial advicer with Smith Barney in Providence, receives the Harold B. Soloveitzik Professional Leadership Award from The Rhode Island Foundation Nov. 29 for his work in his profession and the community. /

Smith Barney’s Lee wins 8th Soloveitzik Award

PROVIDENCE – Charles P. Lee, vice president and financial adviser at Smith Barney’s Providence office, has been honored by The Rhode Island Foundation with...

Analysts expect Fed to pare rates this afternoon

WASHINGTON – Federal Reserve policymakers are likely to cut interest rates this afternoon as they wrap up a regularly scheduled meeting that began...

History Channel to spotlight FM Global

JOHNSTON – FM Global, one of the world’s largest commercial property insurers, will be featured this Sunday at 8 a.m. on The History Channel,...
- Featured Event -

Latest News