Financial Services

Slower profit growth leads to 12% pay cut<br> for Citizens CEO

PROVIDENCE – Citizens Financial Group Chairman and CEO Lawrence K. Fish’s total compensation last year fell 12 percent to $12.9 million, according to a...

Amica hires Mass. firm for high-speed wireless

LINCOLN – Amica Mutual Insurance Co. has signed a deal with Intelligent Compression Technologies Inc. of Quincy, Mass., a subsidiary of ViaSat Inc., to...
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For nonprofits, now may be the time to build

While many nonprofit organizations are debt-averse, there are compelling reasons why they may find it better to build now rather than later, including construction...
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Citizens CEO Fish to chair<br> RBS America

EDINBURGH – The Royal Bank of Scotland plc today announced it is promoting Lawrence K. Fish, currently chairman and CEO of Citizens Financial Group,...
SENATE MAJORITY LEADER Teresa M. Paiva Weed sponsored the Senate version of the bill, which cleared the Assembly on Thursday. /

Assembly approves bill to encourage<br> giving to R.I. charities

STATE HOUSE – A measure aimed at encouraging part-time residents to give to Rhode Island charities yesterday cleared the General Assembly and headed for...

Local group buying WRNI public radio for $2M

For the first time in Rhode Island history, the state will have its own locally-owned and operated public radio station.WBUR (90.9FM), Boston’s NPR...

Subprime meltdown hits 0-down loans

The credit crunch that began with the meltdown of the subprime mortgage market has spread to affect even borrowers with good credit, according to...

Franchise owners say they support Friendly’s

A group of franchise owners, in a letter yesterday to Friendly Ice Cream Corp. shareholders, have voiced their support for the company’s restaurant operating...
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CVS/Caremark merger completed

WOONSOCKET – CVS Corp. and Caremark Rx today announced the closing of Caremark’s $27.2 billion acquisition by CVS.The combined company, renamed CVS/Caremark Corp....

Fed again keeps funds rate at 5.25%

WASHINGTON – The Federal Reserve Open Market Committee decided yesterday to keep its target for the federal funds rate at 5.25 percent, as it...
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