Financial Services

Siren Marine and Hilb Group New England form alliance

NEWPORT – Siren Marine, a maker of boat-tracking and -monitoring devices in Newport, and marine insurance specialists Hilb Group New England in Warwick have...

Citizens Bank seeks to raise $1.5B through note offerings

PROVIDENCE – Rhode Island’s largest bank is looking to raise $1.5 billion through note offerings this week.Providence-based Citizens Financial Group Inc., the holding company...
BRIAN MOYNIHAN received $25 million in stock grants and a $1.5 million salary in 2018. / BLOOMBERG NEWS/SIMON DAWSON

BofA boosts Moynihan’s pay to record $26.5M for last year

NEW YORK - Bank of America Corp. awarded CEO Brian Moynihan a record $26.5 million for 2018, a 15 percent increase from a year earlier.Moynihan,...
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The Birdhouse
70 Beacon Hill Road
Newport 
Price: $9,000,000
Date sold: July 30, 2018
Buyers: Judith S. and Jerry Sheindlin
Seller: Dorrance H. Hamilton Revocable Trust
Broker: Gustave White Sotheby’s International Realty (buyers and seller)
Year built: 2012
Bathrooms: 6 full, 2 half
Bedrooms: 6
Living space: 14,912 square feet
Previous price: Originally listed for $10,900,000. 
HOLDING COURT: Judy Sheindlin, of the syndicated TV show “Judge Judy,” and her husband, Jerry, purchased The Birdhouse at 70 Beacon Hill Road in Newport for $9 million last July, making it the most expensive home sale in Rhode Island in 2018.
 / COURTESY MICHAEL OSEAN

Despite multi-factor challenges, high-end home sales continue to grow in Rhode...

Despite the up-and-mostly down nature of the stock market in 2018, Rhode Island’s luxury real estate market showed no signs of slowing down. And...
PBN PHOTO/MICHAEL SALERNO

Five Questions With George Charette

5Q: George Charette | President and CEO, Pawtucket Credit Union1. Has the operations center been completed and have employees moved into the building yet?...

Study: R.I. student loan debt more than doubles in past 10...

PROVIDENCE – Student loan debt in Rhode Island more than doubled in the past decade, according to an Experian study released in December.Student loan...
BATCHELOR, FRECHETTE, McCrory, Michael & Co. has combined with New York-based PKF O’Connor Davies.

Batchelor, Frechette, McCrory, Michael & Co. combines with PKF O’Connor Davies

PROVIDENCE - Batchelor, Frechette, McCrory, Michael & Co. has combined with the New York-based PKF O’Connor Davies LLP, the financial services firms announced Wednesday.BFMM...
DESPITE $21 BILLION in savings due to the Republican tax overhaul at the 23 U.S. banks the Federal Reserve deems most important to the nation’s economy, firms still cut thousands of jobs and saw their lending growth slow. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DILTS

Banks’ $21B tax windfall doesn’t stop their job cuts

NEW YORK - Major United States banks shaved about $21 billion from their tax bills last year - almost double the IRS’s annual budget...

Capital Good Fund plans 2,000 loans to Rhode Islanders in...

PROVIDENCE – The Capital Good Fund is aiming to finance 2,000 loans to Rhode Islanders totaling $6 million in 2019.To meet that goal, the...

Five Questions With: Darla Finchum

Darla Finchum was recently named head of MetLife Auto & Home, the Warwick-based property and casualty business for insurance and benefits giant MetLife Inc.,...
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