Financial Services

FED CHAIRMAN Ben S. Bernanke gives his semiannual monetary report to the Senate Banking Committee on Feb. 14, 2007. /

Markets rally after Bernanke says inflation pressures on wane

WASHINGTON – Falling energy and commodities prices are likely to slow inflation, Federal Reserve Chairman Ben S. Bernanke told the Senate Banking Committee, in...
TOM RYAN /

CVS delays its own shareholder<br> vote on Caremark deal

WOONSOCKET – In light of yesterday's court decision delaying the Caremark Rx shareholder vote on the planned merger with CVS Corp., CVS says it...
THE MERGER PLAN announced in November by Thomas M. Ryan, left, president and CEO of CVS, and Mac Crawford, his counterpart at Caremark Rx, today hit its first delay. /

Judge delays CVS vote by Caremark shareholders

WILMINGTON, Del. – A lawsuit by a group of Caremark Rx Inc. investors today succeeded in delaying a shareholder vote on CVS Corp.’s $25.7...

CVS triples post-merger Caremark dividend offer

CVS Corp. (NYSE: CVS) and Caremark Rx Inc. (NYSE: CMX) today said they have tripled their previously announced post-merger dividend for Caremark shareholders, to...

Consumer-driven plans still rare in R.I. <br> <i>But high premiums add to...

Consumer-driven health plans, long resisted by Rhode Island employers accustomed to rich benefit packages, are gaining more popularity in the state, especially among companies...

BNS seeks to pare shareholders to below SEC limit

MIDDLETOWN – BNS Holding Inc. today said its board of directors has approved a plan to reduce the number of shareholders, to eliminate the...

Bank of America gets amnesty in muni bonds probe

CHARLOTTE, N.C. – Bank of America Corp. said it has been granted amnesty in the federal antitrust probe of the municipal bond market. In...
Stephen R. Woods /

Stephen R. Woods

Stephen R. Woods has been named executive vice president and regional director for mid-corporate banking in the eastern region at Citizens Financial Group Inc....
Margaret M. Watkins /

Margaret M. Watkins

Margaret M. Watkins, director of accounting policy at Citizens Bank, has been promoted to senior vice president. She oversees accounting policies at the company...

Slade’s Ferry profits drop 10% as interest margins narrow

SOMERSET – Slade's Ferry Bancorp, the parent of Slade's Ferry Trust Co., recently said its profits dropped by 10 percent in 2006, primarily due...
- Featured Event -

Latest News