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Wednesday, December 12, 2018

Financial Services

STEADY GROWTH: Rick Cohn organized the Rhode Island Real Estate Investor Group in 2003. It meets monthly and has 200 members. The group is structured to provide networking and information for real estate investors on topics of interest, including the upcoming tax law changes.
 / PBN PHOTO/MICHAEL SALERNO

Investor groups grow with rising market

Investment groups seeking new members are attracting would-be entrepreneurs and investors to meetings around Rhode Island.Some are informal, formed among friends or co-workers. Others...
WISE INVESTMENT: Michael R. Melton, pictured with students, is a finance professor and director of the Center for Advanced Financial Education at Roger Williams University in Bristol. He said investing in a company that manages its affairs in a socially and environmentally “sustainable” way is good for both the company and its investors over the long term.
 / PBN PHOTO/DAVE HANSEN

Socially responsible investing gaining in popularity, especially among millennials

Some pundits say socially responsible investing is, for lack of a better term, horse pucky. If that’s true, there’s a lot of money in...
COMMUNITY BASED: Bank of America may have nearly $2.3 trillion in assets, but as CEO Brian Moynihan points out, the bank’s health depends on the health of the many communities it operates in. 
 / PBN PHOTO/RUPERT WHITELEY

Big banking can succeed by helping communities meet needs

When Bank of America Corp. CEO Brian Moynihan says, “If the community is strong, we’re strong,” he is doing more than parroting the famous...

FASB releases new accounting standards for reporting cloud-computing expenses

If your company has joined the growing trend of cloud computing or is thinking about it, you need to know about the new accounting...
TORONTO-DOMINION BANK net income for the quarter ended Oct. 31 rose 9.1 percent to $2.24 billion. The lender reported a 44 percent jump in earnings from ITS U.S. retail segment in the fiscal fourth quarter. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DILTS

Toronto-Dominion’s U.S. lender outshines domestic bank gains

NEW YORK - Toronto-Dominion Bank’s United States consumer-banking business is outshining its Canadian operations.Canada’s largest lender by assets had a 44 percent jump in earnings...

Survey: U.S. companies may be ‘overexposed’ to rising interest rates

PROVIDENCE – About two-thirds of U.S. corporate decision-makers have not locked in favorable rates to mitigate their interest rate and foreign-exchange exposure, a decision...

Five Questions With: Brenda Kerr

Brockton, Mass.-based HarborOne Bank recently announced it has named Brenda Kerr as senior vice president of its retail division. With $3.7 billion in assets,...

Sullivan named SEED Regional Business Advocate of the Year

PROVIDENCE – The South Eastern Economic Development Corp., or SEED, has selected Leonard Sullivan, first executive vice president of Bristol County Savings Bank, as...

R.I. congressional delegation tours Bristol in support of small businesses

BRISTOL – Sens. Jack Reed, D-R.I., and Sheldon Whitehouse, D-R.I., and Reps. James R. Langevin, D-R.I., and David N. Cicilline, D-R.I., joined a walking...

Northpointe Bank welcomes new staffers to Attleboro branch

ATTLEBORO – Northpointe Bank has hired six new staffers, including two managers, for its branch office in Attleboro.The Grand Rapids, Mich.-based bank operates three...
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