Tuesday, March 28, 2023

TOPICS

Financial Services

Credit card debt is at record high

NEW YORK (AP) – With the Federal Reserve deciding Wednesday to raise interest rates again, credit card debt is already at a record high,...

Yellen says bank situation stabilizing, different from 2008

WASHINGTON (AP) – Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional...

Washington Trust annual Peanut Butter Drive comes at crucial time

WESTERLY – The Washington Trust Co. has kicked off its annual Peanut Butter Drive, the 23rd year for an event that benefits the Rhode Island Community...

Five Questions With: Marvin L. Abney

Rep. Marvin L. Abney, D-Newport, has a crucial job at the Statehouse – he leads the committee that is charged with closely examining the...

Sheehan joins UBS Wealth Management as a financial adviser

PROVIDENCE – Thomas Sheehan joined UBS Wealth Management as a financial adviser, the company announced on March 14. Sheehan brings more than 22 years of...

Rascionato to lead Citizens Financial Group Commercial Real Estate team

PROVIDENCE – Citizens Financial Group Inc. has named Jessica Rascionato to lead its Commercial Real Estate team, the company announced on March 6. Rascionato, who joined Citizens...

Are you confident in the solvency of local banks following the...

U.S. regulators closed the Silicon Valley Bank in California on March 10 following a bank run. According to The Associated Press, it is the...

Five Questions With: Melissa D. Travis

Melissa D. Travis has been CEO and president of the Rhode Island Society of Certified Public Accountants since 2019. The society is one of...

Fed criticized for missing red flags before bank collapse 

WASHINGTON (AP) – The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high...

SBA names 2023 R.I. Small Business Week award winners

PROVIDENCE – The U.S. Small Business Administration announced the 2023 Rhode Island Small Business Week Award winners Tuesday.  This year’s honorees include two regional award winners among...
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