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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....
ALEX AND ANI's lawsuit against Bank of America says that a declared default on a loan is driving the company towards bankruptcy. Above, company Founder Carolyn Rafaelian. / PBN FILE PHOTO/RUPERT WHITELEY

Details of Alex and Ani suit allege BofA reduced company valuation...

CRANSTON – Alex and Ani LLC’s lawsuit filed Thursday against Bank of America N.A. alleged that the bank’s declaration of a default on a...

Thundermist Health Center expands Woonsocket holdings

WOONSOCKET – Thundermist Health Center has purchased 25 John Cummings Way, creating a new health center campus in the city’s downtown.The building will house...
BANK OF AMERICA reported a profit of $7.35 billion in the second quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA counters trading slump with gains in consumer banking

NEW YORK – Bank of America Corp.’s consumer bankers extended their winning streak for another three months.Gains in the retail division helped drive overall...
WASHINGTON TRUST was named No. 1 in Rhode Island for overall quality at the Banking Choice Awards this year. Above, Washington Trust Chairman and CEO Edward O. Handy III. / PBN FILE PHOTO MICHAEL SALERNO

Washington Trust earns top overall quality honor at Banking Choice Awards

PROVIDENCE – Washington Trust ranked No. 1 for overall quality of a bank in Rhode Island at the 2019 Banking Choice awards, according to...
JPMORGAN Chase & Co. CEO Jamie Dimon warned the company's biggest rival, Bank of America, that Chase is aiming to compete for its retail banking business with expansion into 20 cities. / BLOOMBERG NEWS FILE PHOTO/MARK KAUZLARICH

Dimon to Bank of America: We’re coming for you in branch-expansion...

NEW YORK – JPMorgan Chase & Co. CEO Jamie Dimon has a message for his biggest rival: We’re coming for you.JPMorgan and Charlotte, North...
ALL 18 BANKS REQUIRED TO PARTICIPATE in the first round stress test exam demonstrated an ability to withstand a hypothetical financial shock. / COURTESY FEDERAL RESERVE

Goldman, Morgan Stanley do better in Fed stress tests after 2018’s...

NEW YORK – Goldman Sachs Group Inc. and Morgan Stanley improved on last year’s poor results in the first round of the latest Federal...
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