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BANK OF AMERICA reported a $5.8 billion profit in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA’s deal fees surge in sign of investment-bank turnaround

NEW YORK – Bank of America Corp. posted the biggest jump in investment-banking fees on Wall Street, helping profit overcome headwinds from lower interest...

Bank of America awards $30K grant to South County Habitat...

CHARLESTOWN – Bank of America Corp. has awarded South County Habitat for Humanity a $30,000 grant to help build more affordable housing in southern...
HASBRO WAS NAMED among the top 100 companies in the country by Working Mother. / COURTESY HASBRO INC.

Hasbro named among top 100 companies by Working Mother

PAWTUCKET – Hasbro Inc. was named among the 2019 Working Mother Best 100 Companies, the company announced Wednesday.It was the first time the company...

Report: BofA drops to No. 2 in R.I. market share after...

PROVIDENCE – While other banks’ in-state deposits have remained relatively stable, Bank of America Corp.’s total Rhode Island deposits dropped by $5.4 billion as...

Citi warns trading revenue to decline, BofA is ‘doing OK’

NEW YORK – Citigroup Inc. trading revenue is set to drop this quarter amid volatility that gripped markets for most of August, while a...
ALEX AND ANI has voluntarily dismissed its lawsuit against Bank of America. Above, Alex and Ani founder and CEO Carolyn Rafaelian. / PBN FILE PHOTO/RUPERT WHITELEY

Alex and Ani dismisses lawsuit against BofA

PROVIDENCE – Alex and Ani LLC has voluntarily dismissed its lawsuit against Bank of America that alleged sexism, ageism and discriminatory lending practices. The...

Five Questions With: Donna Dailey

Donna Dailey is Bank of America Corp.’s senior vice president for consumer banking in the Greater Providence market. She oversees the bank’s nine local...
BANK OF AMERICA CEO Brian Moynihan said that recession risks are low in the U.S. as consumer spending remains strong but noted that fear of a recession could impact the economy. / BLOOMBERG NEWS/SIMON DAWSON

BofA’s CEO says the biggest recession risk is the fear of...

NEW YORK – Bank of America Corp. CEO Brian Moynihan said this week’s bond-market turmoil has been driven by issues outside the United States,...

Study: Heirs in the dark on family wealth decisions

PROVIDENCE – A new study found that 64% of “wealth holders” have never talked with family members about how or why they intend to...
INVOLVED: Jim Boscov is the chairman and CEO of Boscov’s, billed as the nation’s largest family-owned department store, which is moving into the former Nordstrom location at Providence Place mall. He said running a business doesn’t happen from an office, but rather on the sales floor.
 / PBN PHOTO/MICHAEL SALERNO

An outlier comes to Providence Place

While other department stores have closed as sales slip away with changing consumer preferences and a migration online, Reading, Pa.-based Boscov’s is an outlier....
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