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Providence
Tuesday, September 25, 2018

Financial Services

Venture capital needs geographic diversity

The U.S. high-technology industry looks like it may be too concentrated. One sign of this is the lack of geographic diversity in the venture...
TORONTO DOMINION BANK's U.S. retail division reported a record profit of $881.6 million in the quarter ended July 31. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DILTS

Toronto-Dominion has record U.S. quarter on Ameritrade boost

NEW YORK - Toronto-Dominion Bank posted a record quarter in the United States, thanks to Americans who took out more loans and turned to...
ONE CITIZENS PLAZA, Providence, which houses the office of company CEO and President Bruce Van Saun, is slated to be auctioned for sale next month, but the bank has no plans to leave. / PBN FILE PHOTO/ TRACY JENKINS

Citizens Financial Group: We’re staying put

PROVIDENCE - Citizens Financial Group is based in Providence and intends to keep it that way.One Citizens Plaza, the downtown Providence building where the...
MARY E. LEACH is the executive vice president, director of consumer relationships for BankNewport. / COURTESY BANKNEWPORT

Five Questions with: Mary E. Leach

Mary E. Leach is the executive vice president, director of consumer relationships for BankNewport.At BankNewport in Middletown, Leach is responsible for overseeing all aspects...
BOSTON-BASED Fidelity Investments is touting a new survey that found parents are expecting more from their children when it comes to saving for college. / BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity survey: Parents expect kids to contribute more for college

PROVIDENCE - The steep costs of college are no longer just a problem for parents – many expect their kids to save more than...

State pension fund outperforms benchmark in July

PROVIDENCE - The state pension fund continued with strong performance in July, earning $125 million last month, R.I. General Treasurer Seth Magaziner reported.The increase...
LT. GOV. Daniel J. McKee has joined with credit unions to protect senior citizens from falling prey to financial scams.

Credit unions focus on protecting seniors from financial abuse

PROVIDENCE - Rhode Island’s credit unions will train their employees how to spot and respond to cases of “financial abuse” of senior citizens, under a...
FDIC statistics released Thursday show that Rhode Island banks and their counterparts nationwide are having a stellar year, boosting collective profits by 25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

R.I. banks having a stellar year, FDIC report shows

PROVIDENCE – Bolstered by a large cut in the corporate tax rate, United States banks collectively are on a financial roll, and the nine...
Following two decades at Bank of America/Fleet Financial Group, Douglas E. Scala served as an executive at The Hudson Companies. In 2014 he joined Webster Bank and is responsible for commercial banking in the region. / PBN PHOTO/MARK S. MURPHY

Failure can be inspiring, and success should be shared

Douglas E. Scala | Webster Bank regional president for southern Massachusetts/Rhode IslandHow do you find the leaders of tomorrow?At Webster Bank we’re not only...

McKee’s biz-pitch challenge awards $9K in scholarships

PROVIDENCE – Five teams of high school students from across the state won a share of $9,000 in college scholarships as part of Lt....
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