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BANK OF AMERICA reported a net income of $7.3 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA’s retail bankers save day for beleaguered bond traders

NEW YORK - Bank of America Corp.’s consumer bankers saved the day for their bond-trading colleagues.The company’s retail-banking business saw a 5 percent jump...
JP MORGAN CHASE said Friday it will open 12 retail bank branches in Greater Providence and Rhode Island, with the first branch opening in June in Providence. / BLOOMBERG NEWS FILE PHOTO/SCOTT FELLS

JP Morgan Chase discloses details of R.I. plans

PROVIDENCE – JP Morgan Chase & Co. will open its first of 12 retail bank branches in Greater Providence and Rhode Island in June, the...
NINE BIG BANKS and brokers are attempting to form a new United States stock market called The Members Exchange. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Brokers form new stock market to take on NYSE, Nasdaq, Cboe

NEW YORK - A group of big banks and brokers is forming a new United States stock market, funneling years of frustration about how much...

Bank of America launches another Merrill Edge online research tool

PROVIDENCE – Merrill Edge, a streamlined investment service owned by Bank of America Corp., has launched Fund Story, a new online research tool designed...

Editor’s Choice: SBA, Center for Women & Enterprise to host Small...

EDITOR’S CHOICE SBA, CWE to host Small Business Economic Summit THE U.S. SMALL BUSINESS Administration and the Center for Women & Enterprise will host...
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.

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...

Five Questions With: Junior Ortega

Junior Ortega is in a unique position with one of the world’s largest banks. He manages one of only two “community bank” financial centers...
U.S. STOCK funds bled $27.6 billion in a one week span, ended Dec. 12. / BLOOMBERG NEWS

U.S. stock market exodus is second-biggest ever, BofA says

NEW YORK - Investors rushed out of United States equity funds in the second-biggest weekly exit on record, according to Bank of America Merrill...

Who Owns The Block?

ASSISTING CUSTOMERS: Bank teller Kayla Beauvais, left, helps Jacqueline Daigneault of Cumberland at the Citizens Bank branch in town at 2000 Mendon Road. / PBN PHOTO/MICHAEL SALERNO

Some banking regulatory requirements easing

A decade after the financial crisis, the banking industry appears to be in great shape. Profits are way up and some of the regulatory...
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