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Citi warns trading revenue to decline, BofA is ‘doing OK’

NEW YORK – Citigroup Inc. trading revenue is set to drop this quarter amid volatility that gripped markets for most of August, while a...
ALEX AND ANI has voluntarily dismissed its lawsuit against Bank of America. Above, Alex and Ani founder and CEO Carolyn Rafaelian. / PBN FILE PHOTO/RUPERT WHITELEY

Alex and Ani dismisses lawsuit against BofA

PROVIDENCE – Alex and Ani LLC has voluntarily dismissed its lawsuit against Bank of America that alleged sexism, ageism and discriminatory lending practices. The...

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...
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