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THE HOUSING NETWORK of Rhode Island announced its 2018 awardees which will be honored at its annual meeting on May 21.

Housing Network of Rhode Island announces 2018 awardees, annual meeting

PROVIDENCE - The Housing Network of Rhode Island will mark a year of progress in affordable housing at its annual meeting on May 21,...
ROYAL BANK OF SCOTLAND PLC has agreed to pay $500 million to the attorney general of New York to settle charges related to its marketing of toxic mortgage-backed securities in the run-up to the Great Recession. / BLOOMBERG NEWS PHOTO/SIMON DAWSON

RBS will pay N.Y. $500M over bogus mortgage marketing

NEW YORK – Royal Bank of Scotland Group PLC agreed to pay $500 million to settle New York’s probe into its marketing of toxic...
Ana C. Mendez is an operations analyst and board chair of the Black Professionals Group at Bank of America. / COURTESY BANK OF AMERICA

Five Questions With: Ana C. Mendez

Ana C. Mendez is an operations analyst and board chair of the Black Professionals Group at Bank of America. Mendez talks with Providence Business...

Trump tax cuts bail out Wall Street banks from trading malaise

Republican tax cuts are saving the day for Wall Street banks. The sweeping tax overhaul means billions of dollars in profit will materialize from thin...
TALKING SHOP: John Lombari, right, sold his manufacturing company, R.I. Carbine Tool Co. based in Smithfield, earlier this year. Lombari speaks with Danny Loiselle, CNC machine programmer/operator. / PBN PHOTO/­MICHAEL SALERNO

M&A activity seen rising in 2018

John Lombari bought R.I. Carbide Tool Co., a Smithfield manufacturer of cutting-tool technology, 25 years ago. Last March, he sold the company with an...
THE DR. MARTIN LUTHER KING JR. Community Center was awarded $200,000 by Bank of America for its economic advancement efforts. BLOOMBERG FILE PHOTO/RON ANTONELLI

Newport’s MLK Center rewarded for local impact

NEWPORT - Designated a 2017 Neighborhood Builder, the Dr. Martin Luther King Jr. Community Center was awarded $200,000 by Bank of America for its...
AODHAN MEYER, a senior at South Kingstown High School, has been named a 2017 Bank of America Student Leader. / COURTESY BANK OF AMERICA

Five Questions With: Aodhan Meyer

Aodhan Meyer, 17, is a senior at South Kingstown High School and captain of the varsity cross country team. He is also on the...

Pressure on households grows

Is the U.S. economy enjoying a honeymoon, or is this merely a hiatus? Although this isn’t a subject of discussion among most economists, there...
CITIZENS BANK MAINTAINED its status as the bank with the largest percentage of deposits in the region, according to the latest FDIC data. /PBN FILE PHOTO/NICOLE DOTZENROD

Citizens Bank grows share of deposits in the region

PROVIDENCE –Citizens Bank N.A. cemented its position as the bank in the region with the highest market share of deposits on June 30, according...
BANK OF AMERICA CORP. reported third-quarter net income of $5.59 billion. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA profit best in six years as rising rates lift revenue

NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender...
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