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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.
 / 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...

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?

North Main Street | Bedford Street to Pine Street FALL RIVERPBN RESEARCH AND PHOTOS/JAMES BESSETTE PBN GRAPHIC/LISA LAGRECA
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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