Financial Services

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How good is your credit?

Dear Dan: A supplier I want to use isn’t offering their best terms because they couldn’t find a credit report on our business. We’re...
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Finding capital sources to suit your needs

This is the first of a three-part series designed to educate business owners on sources of capital for fast-growth businesses.Growing businesses are...

Coastway Credit Union donates $13,000 to VIPS

PROVIDENCE – Second-graders in city public schools will get extra help this year to build their reading skills, thanks to a donation from the...
NATIONWIDE last month, 33% of home buyers' closings were cancelled, and 57% of refi applications were declined, a study found. Local brokers also say many customers no longer qualify for a loan. Above, a house for sale last week in Charlotte, N.C. /

Brokers see steep drop in lending

The pain continues for mortgage brokers and borrowers.A nationwide survey of brokers released earlier this month found that 33 percent of home purchase closings...
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Middletown woman among 400 richest Americans

NEW YORK – Middletown resident Hope Hill van Beuren, 73, is the sole Rhode Islander listed in this year’s Forbes 400, the magazine’s...

Washington Trust declares 20¢ 3Q dividend

WESTERLY – The board of directors of Washington Trust Bancorp Inc. (Nasdaq Global Market: WASH), the publicly owned holding company for The Washington Trust...

Refi attempts drive up mortgage applications

WASHINGTON – Mortgage applications nationwide rose last week, led by an increase in refinancing applications, according to a report today from the Mortgage Bankers...
THE FUNDS RATE, pared today to 4.75%, has been trending downward in recent years. /

Fed slashes 2 key rates, each by 0.5%

WASHINGTON – Federal Reserve policymakers today acted to pare the benchmark federal funds rate by half a percentage point, to 4.75 percent. It...

OHIC rejects UnitedHealth medical rate request

PROVIDENCE – UnitedHealthcare of New England, a division of the Minneapolis-based UnitedHealth Group (NYSE: UNH), has been ordered to reduce its requested increase in...

U.S. foreclosures soar 36% in August

IRVINE, Calif. – The number of U.S. homeowners facing foreclosure rose 36 percent in August from their July level, as rising interest rates continued...
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