Financial Services

Five Questions With: Mark K. W. Gim

Mark K. W. Gim is responsible for overseeing the strategic planning process and daily operations of key business lines at Westerly-based The Washington Trust...

Better Markets report criticizes megabanks for misdeeds

PROVIDENCE – While CEOs of the nation’s biggest banks appeared before Congress last week in hopes of making a case that regulatory reforms since...

Bank of America commits to supporting ‘low-carbon’ businesses

PROVIDENCE – Bank of America Corp. is committing $300 billion by 2030 to support “low-carbon” businesses through lending, investing, raising capital, advisory services and...

RISLA announces lower student loan rates for upcoming academic year

WARWICK – The Rhode Island Student Loan Authority said its recent issuing of $65 million in bonds achieved the lowest fixed interest rates in...
HAROLD HORVAT will succeed Thomas Lamb Jr. as chairman and CEO of Centreville Bank, effective May 1./ COURTESY CENTREVILLE BANK

Horvat to succeed Lamb as chairman/CEO at Centreville Bank

WEST WARWICK – Harold M. Horvat will replace Thomas J. Lamb Jr. as Centreville Bank’s chairman and CEO, the Rhode Island-based bank announced Friday.Horvat,...

Whitehouse, Reed introduce bill to allow states to cap credit card...

PROVIDENCE – Democratic R.I. Sens. Sheldon Whitehouse and Jack Reed have introduced legislation that would restore states’ ability to limit consumer loan and credit...
A WEST WARWICK man was indicted on several counts of tax fraud, wire fraud and tax evasion related to an alleged $14 million Ponzi scheme that defrauded investors of roughly $6 million. / COURTESY CAROL M. HIGHSMITH

West Warwick man indicted for $14M Ponzi scheme

WEST WARWICK – Thomas Huling of West Warwick allegedly ran a $14 million, decade-long Ponzi scheme, defrauding investors of roughly $6 million, according to...
BANK OF AMERICA CORP. plans to raise its minimum wage to $20 an hour over two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA to increase minimum wage to $20 an hour over two...

NEW YORK - Bank of America Corp., the second-biggest U.S. lender, plans to raise its minimum wage to $20 an hour over two years.The...

R.I. earns high marks on bonds, credit risk from Fitch...

PROVIDENCE – Rhode Island received high marks in a recent bond ratings report from New York-based Fitch Ratings, one of the big three investment...

Five Questions With: David J. Madara

David J. Madara handles insurance for nonprofit organizations for OceanPoint Insurance Agency Inc. in Barrington. The agency is a subsidiary of BankNewport and OceanPoint...
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