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Wednesday, September 19, 2018
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S&P 500 COMPANIES have saved an estimated $12.8 billion due to the recent adjustment to their effective tax rates. / BLOOMBERG

Corporate America is saving big on Trump tax-cut windfall

NEW YORK - America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.The roughly 180 companies in the S&P...
BANK OF AMERICA reported net income of $6.92 billion for the first quarter. / BLOOMBERG FILE PHOTO/RON ANTONELLI

Bank of America’s cost-cutting drive pushes profit to record

NEW YORK - Bank of America Corp. hit a new milestone in its years-long effort to get costs under control.First-quarter expenses totaled about 60 percent...
ADAPTING INDUSTRY: As consumer expectations for online banking grow with advancing technology, banks and credit unions must find ways to adapt to those expectations while keeping costs down.

As technology becomes increasingly intertwined with banking, it presents opportunity and...

When Lisa G. Dandeneau first joined Navigant Credit Union more than 22 years ago, one of her first tasks was to help launch online...

Bank of America to add 300 advisers in expansion of Merrill...

NEW YORK - Bank of America Corp. plans to hire 300 financial advisers by year-end to help expand its Merrill Edge investing business.The lender will...
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...
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