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Wednesday, September 19, 2018
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PBN GRAPHIC/Lisa Lagreca

Who Owns The Block?

North Washington Street | Elm Street to High Street NORTH ATTLEBOROUGHPBN RESEARCH AND PHOTOS/JAMES BESSETTE
CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence.
 / PBN PHOTO/MICHAEL SALERNO

Banks say tax reform allowed for increased spending on staff, infrastructure

Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress...
BANK OF AMERICA Corp. reported a $6.78 billion net income in the second quarter of 2018. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA’s consumer profit jumps as customers boost borrowing

NEW YORK - United States consumers are levering up again, and Bank of America Corp. is using that, along with cost cuts, to boost profit.Bank...

Who owns the block?

Diamond Hill Road | Shirley Drive to Falstaff Drive CUMBERLANDResearch and photography: James Bessette Map: Lisa Lagreca
THE SECOND ROUND OF THE Federal Reserve's most-recent stress test has caused only a handful of banks to curtail their capital plans for 2018. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed forces JPMorgan, Goldman, four rivals to temper payouts

NEW YORK – Tougher Federal Reserve stress tests forced six U.S. banks, including JPMorgan Chase & Co., to scale back proposals for doling out...

Bank of America sets right tempo

Brian Moynihan’s slow waltz to safety is clearing some of Bank of America’s dance floor. That might not be such a bad thing.Bloomberg News...

Who Owns The Block?

Pleasant Street Fish Island to Union Street NEW BEDFORDResearch: Providence Business News/James Bessette Photography: James Bessette Map: Providence Business News/Lisa Lagreca  
BANK OF AMERICA is tamping down risk-taking this year. Some people within the company said that the firm’s reluctance to take risks has contributed to defections of dealmakers. / BLOOMBERG FILE PHOTO/RON ANTONLLI

BofA is said to tap brakes on risk, spurring banker departures

NEW YORK - The message came from one of Bank of America Corp.’s most powerful board members across large video screens: “We’re not going to...
BUILDING WEALTH: Edythe M. De Marco, founder of The De Marco Group at Merrill Lynch Wealth Management in Providence, wants to encourage more women to work in the financial-services industries, and takes pride in training talented people to grow their clients’ assets. / PBN PHOTO/RUPERT WHITELEY

De Marco fosters wealth-nurturing team

Industry Leader, Financial Services | Edythe M. De Marco, Merrill Lynch/Bank of AmericaYou can talk about how Edythe M. De Marco joined Merrill...

Housing finance still broken

Regulators have done a lot to reform the financial system since the 2008 crisis, but they still haven’t fixed the market where the trouble...
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