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Stopping rising inequality

Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession...

Managing new subprime boom

After the subprime-mortgage mania of the 2000s ended in a global disaster, the U.S. government took steps to improve the way it manages the...

R.I. banks and credit unions fare well in latest BauerFinancial...

PROVIDENCE – Nearly all banks and credit unions operating in the Rhode Island consumer market received 4 or 5 stars – the two highest...
PERSONAL RELATIONSHIP: Mark K. W. Gim, president and chief operating officer at Washington Trust Bancorp Inc., parent of Westerly based The Washington Trust Co., says local banks need to be vigilant to ensure smooth technology adoption while also maintaining the personal relationships banks have built their brand on.
 / PBN FILE PHOTO/MICHAEL SALERNO

Balancing demand for touch and tech

With an evolving mixture of millennials and older customers, local banks and credit unions increasingly face a dilemma when it comes to rapidly evolving...

Reform, not undermine, fair-lending law

More than 40 years ago, Congress adopted the Community Reinvestment Act to ensure that banks would serve everyone in the areas where they do...
COMMUNITY CONNECTION: Kurt Noyce, president of Embrace Home Loans Inc. in Middletown, said the company’s relationship with local colleges and job-development organizations has provided Embrace with “eager, energetic and ethical employees.” Pictured, from left: Claudia Mobilia, senior vice president of loan operations; Noyce; Shawn Cary, bank finance manager; and Shannon Timek, closing team leader. / PBN FILE PHOTO/RUPERT WHITELEY

Reputation, culture drive steady growth at Embrace Home Loans

Kurt Noyce, president of Embrace Home Loans Inc., is no stranger to growth. For nearly two decades, he’s helped grow the Middletown full-service mortgage...

Big banks need to know what they’re doing

“Know thyself,” goes the Delphic maxim. You might think it superfluous advice for the world’s biggest banks – that the executives responsible for global...

Paul Sanford Named Trusts and Estates Litigation “Lawyer of the Year”...

Burns & Levinson partner Paul Sanford has been named the Rhode Island “Lawyer of the Year” for Trusts and Estates Litigation by Best Lawyers...

Less-stressful tests seen boosting bank payouts

After seven annual exercises in which at least one U.S. bank failed, all of the nation’s 34 largest lenders will probably pass this year’s...
ANALYSTS estimate that net interest income at the largest U.S. banks will jump to $49.1 billion.

In bank earnings season, surprise lurks in rising deposit costs

NEW YORK - When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than four minutes to announce...
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