Financial Services

Homebuyer patience will triumph in a waiting game

With no bottom in sight for the U.S. housing market, buyers are in game-show mode. There are plenty of deals out there, yet you have...

Student startups impress investors

Josh Bonnenberg recently launched a startup company that manufactures satchels for bicyclists, and now his mind is swimming with ideas on improving the business. The...

Cuts to Medicaid would be borne by business owners

By now, we all know of the budget situation facing our state. Certainly some tough decisions and belt-tightening are inevitable and appropriate – but...
ROCKLAND TRUST was founded 100 years ago in Rockland, Mass., where the original branch still stands. The bank currently lists about $3.4B in assets. /

Independent completes Slade’s Ferry purchase

SOMERSET and ROCKLAND, Mass. – The acquisition of Slades Ferry Bank parent Slade’s Ferry Bancorp (Nasdaq: SFBC) by Rockland Trust Co. parent Independent Bank...

Providence Equity gets FTC go-ahead to buy ATI

WASHINGTON – The Federal Trade Commission has approved Providence Equity Partners Inc.’s planned acquisition of nursing testing and education company Assessment Technologies Institute LLC,...

Citizens Financial profit shrinks 9.3% in 2007

PROVIDENCE – Citizens Financial Group Inc. today posted a 2007 profit of $2.65 billion, a decline of $270 million or 9.3 percent from...
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Dollar plunges to record low v. euro

NEW YORK – The dollar fell below $1.51 per euro in New York trading for the first time since the European currency debuted in...

Mortgage applications fall 19.2% as rates creep up

WASHINGTON – The number of mortgage applications nationwide dropped last week, as interest rates continued to rise, the Mortgage Bankers Association reported today. For...
NATIONWIDE, foreclosure actions rose 8% last month, RealtyTrac said, with a total of 233,001 default notices, auction sale notices and bank repossessions reported in January. Above, a house in Eugene, Ore. /

Foreclosures in R.I. nearly double; U.S. rate rises 8%

IRVINE, Calif. – Rhode Island had the nation’s 12th highest foreclosure rate last month, up from 31st nationwide for all of last year, with...

Converted Organics in deal to sell greenhouse credits

BOSTON and NEW YORK – Food-waste-to-fertilizer startup Converted Organics Inc. (Nasdaq: COIN) and RNK Capital LLC today announced a plan to generate and sell...

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