Sunday, October 24, 2021

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State can help fill PPP gaps

The latest round of Paycheck Protection Program funding has not generated the same frenzy and confusion for local banks or borrowers as occurred last...

FDIC: R.I. banks and credit unions outperform national counterparts on key...

PROVIDENCE – Banks and credit unions continue to report major losses through the second quarter, although Rhode Island fares better than its national counterparts...

Government contractors face special challenges

While some industries grapple with slowdowns, many government contractors in Rhode Island and elsewhere have geared up during the pandemic. From military and intelligence...
RENOVATED HOME: Homeowner Carlos Reyes, left, is pictured with Providence Mayor Jorge O. Elorza and Smith Hill Community Development Corp. Executive Director Jean Lamb in front of his home at 120 Camden Ave. during ceremonies to celebrate homeowners moving into houses renovated under the city’s EveryHome program.
 / COURTESY CITY OF PROVIDENCE

One answer to blight

During a panel discussion in Providence following a screening earlier this month of a documentary featuring a family left homeless after an eviction, Mayor...

Bank stress tests are too easy

Stress tests for the country’s largest banks have never been as tough as they need to be. For one, they don’t capture important second-round...

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...

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