Financial Services

George de Tarnowsky, executive director of the Central Rhode Island Development Corporation, said funding for CRIDCO has dried up. /

Lack of funds shuts down key Central R.I. resource

Municipalities simply do not have enough money in their budgets to support the Central Rhode Island Development Corporation. That’s the short answer to why...
MOSHASSUCK SQUARE is within walking distance of both the State House and the East Side of Providence. /

Moshassuck Square sold for $10M to Boston firm

A Boston developer and major landlord said last week that he is buying the Moshassuck Square Apartments in Providence for $10 million and upgrading...
CITIZENS FINANCIAL chairman and CEO Lawrence K. Fish. /

Interest trends cut into Citizens’ profits

When Citizens Financial Group announced its 2006 results March 1, it focused on the positives: a 2-percent net income increase (actually 1.7 percent) over...
CELL PHONES and other mobile devices are the newest banking channel for BofA customers. The service is due to become available in Rhode Island later this year. /

BofA sees mobile phones as the next frontier

Bank of America’s customers will soon be able to do online banking from Internet-enabled cell phones and PDAs. Last month, the bank – the nation’s...
LUZO COMMUNITY BANK started looking for a buyer two years ago because its CEO, Jose Gouveia, felt the bank could better serve its customers with a larger partner. /

BankFive adds heft with Luzo acquisition

BankFive of Fall River and Luzo Community Bank of New Bedford are similar in a few crucial ways. Both are community banks. And both...

NYSE to boost computer server capacity 60%

The New York Stock Exchange, stung by a recent computer slowdown that forced some floor brokers to complete trades by hand, plans to increase...

Deficit, health costs seen as<br> major challenges for R.I.

If there is one thing that the region’s business leaders and consumers agree on, it is that the state’s deficit represents a real challenge...

Feds propose subprime loan warnings

Several federal agencies are looking for comments on a proposed subprime mortgage lending statement that addresses risks and issues relating, especially, to adjustable-rate mortgages. The...

Crime ring used Schwab, TD Ameritrade in fraud

An Eastern European crime ring netted at least $733,000 in illegal profit using trading accounts at TD Ameritrade Holding Corp. and six other firms,...

Transportation firm to build<br> Johnston facility, add 140 jobs

JOHNSTON – A. Duie Pyle Inc., a West Chester, Pa.-based transportation and logistics supplier that serves the Northeast, says it will build a distribution...
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