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Rhode Island
Sunday, January 20, 2019

Financial Services

CLUB PRESERVED: The Agawam Hunt country club in East Providence emerged from bankruptcy in March under a reorganization that sold the club assets to a new ownership group and which included the sale of a conservation easement to The Nature Conservancy.
 / COURTESY AGAWAM HUNT

Home sales cool; golf clubs on the move

The residential real estate market started to cool in 2018, returning to an equilibrium between buyers and sellers, after two solid years of appreciation...
INDUSTRY SPECIALIST: Nina Kollars of the U.S. Naval War College in Newport speaks to the audience during the 2018 PBN Cybersecurity Summit at the Crowne Plaza Providence-Warwick in Warwick on Oct. 11.
 / PBN FILE PHOTO/MIKE SKORSKI

Technology at heart of R.I.’s economic growth

Technology giant Infosys Ltd.’s expected arrival in Providence brings the promise of up to 500 new jobs by 2023.The India-based company’s partnership with Rhode...
THE FEDERAL RESERVE, shown above, has issued a report that anticipates increased commercial lending by credit unions based on the relaxing of rules two years ago. Is that a good thing? / BLOOMBERG FILE PHOTO/ANDREW HARRER

Is the expansion of commercial lending by credit unions a good...

New regulations that went into effect in January 2017 relaxed the limits on commercial lending that credit unions may do, the latest twist in...

Citizens provides $10M construction loan for affordable housing

PROVIDENCE – Citizens Bank, through its Community Development Group, has provided a $10 million construction loan to Shannock Falls LP, an entity created by...

U.K. finance watchdog makes less from fines after a bumper year,...

LONDON – The total value of fines handed out by the United Kingdom’s Financial Conduct Authority fell by almost 75 percent in 2018, after...

Whiff of extinction blows in bull market that outlived them all

NEW YORK – It’s been derided as a house of cards, a gift to the 1 percent, an experiment in monetary policy taken way...

Citizens appoints former Citigroup executive to board of directors

PROVIDENCE – Citizens Financial Group Inc., the Providence-based holding company of Citizens Bank, has appointed Edward J. “Ned” Kelly III to its board of...

Five Questions With: Christopher J. Motl

In 2004, Christopher J. Motl joined Webster Bank – a commercial bank based in Waterbury, Conn., with branches and automated teller machines in Connecticut,...

Galvin reaches $1 million settlement with MetLife for Mass. pensioners

PROVIDENCE – Insurance giant MetLife Inc. has agreed to pay $1 million and other costs to settle allegations that the company wrongly designated hundreds...
THE FEDERAL RESERVE, shown above, has issued a report that anticipates increased commercial lending by credit unions based on the relaxing of rules two years ago. Is that a good thing? / BLOOMBERG FILE PHOTO/ANDREW HARRER

Regulators issue notice of proposed Volcker Rule exemption for small banks

PROVIDENCE – Federal banking agencies have issued a notice of proposed rule-making to exempt banks with less than $10 billion in assets from the...
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Latest News

Our panel of health care experts and business leaders will provide insights into the future of health care reform, improving health care delivery and reducing health care waste and costs, while also addressing preventative care, population health and the opioid epidemic.

2018 Fall Health Care Summit

Tuesday October 30, 2018

Crowne Plaza Grand Ballroom
8am–11am