Financial Services

Providence Equity cited as raising new $12B fund

PROVIDENCE – Providence Equity Partners Inc. has raised $12 billion in less than three months to create the biggest-ever fund to buy media and...

R.I. probing TJX Cos.’ handling of records breach

PROVIDENCE – Attorney General Patrick C. Lynch today announced he has filed a Civil Investigative Demand (CID) in Providence County Superior Court against The...
Construction of the two residential towers at the Waterplace mixed-use development in Capital Center is on schedule, according to a spokeswoman for the developer, Intercontinential Real Estate, which recently secured construction financing from Sovereign Bank. /

Sovereign finances Waterplace mixed-use project

BOSTON – Intercontinental Real Estate Corp. says it has secured construction financing Waterplace, its luxury mixed-use complex in Providence’s Capital District, for which the...
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State to issue debit cards for unemployment, TDI

For decades, Rhode Islanders who receive unemployment or temporary disability insurance benefits have gotten checks in the mail. But while the system works well...

Citizens completes $167M cash purchase of Chicago-area’s GreatBanc

PROVIDENCE – Citizens Financial Group Inc., the parent of Charter One Bank, yesterday said it has completed its purchase of GreatBanc Inc. for $167...

Slade’s Ferry profits shrink 10% as margins narrow

SOMERSET, Mass. – Slade’s Ferry Bancorp, the parent of Slade’s Ferry Trust Co., last night posted a 10.0 percent decrease in annual profits. The...
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Amica to sponsor Oct. 20 Breakers Marathon 2007

NEWPORT – Amica Insurance, one of the state’s largest employers, today announced it has signed on as the title sponsor of Rhode Island’s only...

Startup sees big market for PDF tools

David Durand, Abe Dane, Francisco Rosa and Anne Orens sit facing each other in the cozy, cramped attic of Durand’s East Side home. Blue...

R.I. suspends license of sub-prime lender

PROVIDENCE – The R.I. Department of Business Regulation has suspended the license of Mortgage Lenders Network USA Inc. as part of an ongoing investigation...

CBRE | Melody arranges $12.45M loan for 3 Davol Square

CBRE | Melody, the real estate investment banking division of CB Richard Ellis, today announced it has arranged $12.45 million in 10-year, fixed-rate financing...
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