Financial Services

HarborOne Bank offers $100K in college scholarships to students in R.I.,...

PROVIDENCE – HarborOne Bank is seeking applications from “outstanding student leaders” at Rhode Island and Massachusetts high schools for the bank’s latest round of...

Citizens 2019 M&A Outlook finds favorable market for sellers

PROVIDENCE – Middle-market companies have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but many...

BayCoast Bank opens branch in Berkley

SWANSEA – BayCoast Bank opened its newest branch, located in Berkley, on Feb. 4, the Swansea-based bank’s 19th branch serving southeastern Massachusetts, the bank...
THE SBA is accepting applications in Rhode Island for its Emerging Leaders program.

SBA calls for Emerging Leaders program applicants in R.I.

PROVIDENCE – The U.S. Small Business Administration Rhode Island District office is calling for applicants for its Emerging Leaders program, which provides business leaders...

New rates for tax minimization planning

Early in the year is the best time to begin planning to minimize your income tax liability. The IRS and the Social Security Administration...

Improve EITC to help the poor

For U.S. workers, the tax system acts as an important equalizer. If you earn enough, you pay your share. But if you earn very...

Commercial-lending gains power WashTrust earnings

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., rode double-digit increases in its commercial lending lines of business to record...
UNITED NATURAL FOODS INC. is suing Goldman Sachs and its subsidiaries, alleging that the bank repeatedly breached agreements and manipulated the lending market to maximize its profits. Goldman Sachs denies the claims.

UNFI sues Goldman Sachs over Supervalue acquisition role

NEW YORK - Just three months ago, Goldman Sachs struck an unusual deal with a group of hedge funds to offload a buyout loan...

BankRI parent reports record earnings of $83M in 2018

PROVIDENCE – Brookline Bancorp Inc., the Boston-based holding company for Bank Rhode Island, late Wednesday reported record earnings for 2018. Earnings for the year totaled...
BANCO SANTANDER reported a profit of $9.22 billion in 2018. / BLOOMBERG NEWS FILE PHOTO/ANGEL NAVARRETE

Santander reports $9.2B profit in 2018, seeks to move past Orcel...

NEW YORK - Banco Santander SA reported a profit of $9.22 billion in 2018, an increase from $7.46 billion in 2017. Gross income for the year...
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