Financial Services

Growth may demand rate hike, Fed’s Plosser says

PHILADELPHIA – Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank may need to raise its benchmark interest rate, Bloomberg News...

Subprime lenders’ stocks plunge as losses widen

Shares of U.S. mortgage lenders plunged today after New Century Financial Corp. and HSBC Holdings Plc said losses from bad loans are mounting faster...

Calif. woman pleads guilty in July ID, bank fraud

PROVIDENCE – The last of three California women arrested by North Providence police July 11 (“3 women face charges of ID, bank fraud at...

Consumer credit rises 3% in December

WASHINGTON – Consumer credit rose in December as consumers took out more non-mortgage loans, but the rate of borrowing slowed, according to today’s statistical...
William McQuaid /

William McQuaid

William McQuaid has been named general agent for MassMutual Financial Group, responsible for management of the company's East Providence operations. He joined MassMutual in...
Stefani Tashjian Gallagher  /

Stefani Tashjian Gallagher

Stefani Tashjian Gallagher has joined Park Row Associates as a client consultant. She will provide underwriting support and analysis for group health insurance customers,...
Paula C. Pais /

Paula C. Pais

Paula C. Pais was recently promoted to vice president for marketing, planning and administration for the Rhode Island market at Sovereign Bank. In her...
Bruce R. Hrovat /

Bruce R. Hrovat

Bruce R. Hrovat has been named executive vice president and director of operations for Citizens Services Group, the enterprise technology and operations division of...

Providence Singers establish their first endowment

The Providence Singers' board of trustees has set up its first endowment, The Wachner Fund for New Music, established with $100,000 raised during former...
RALPH MANGIARELLI JR. sold the Johnston place where he has his fruit store last year and invested the proceeds in top-tier commercial properties outside Rhode Island. /

Investors finding there is prosperity in numbers<br> <i>Property ‘exchanges’ provide big deal...

Ralph Mangiarelli Jr. has owned investment property for almost three decades, starting with a small building in Johnston that housed his produce store –...
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