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WASHINGTON TRUST Bancorp Inc., the parent company for The Washington Trust Co., says its net income for 2023 was $48.2 million compared with $71.7 million it posted in 2022. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust’s year-end profit declines 32.8% to $48.2M

WESTERLY – The Washington Trust Bancorp Inc. on Wednesday posted a profit of $48.2 million for 2023, down 32.8% from the $71.7 million it...

R.I. monthly unemployment rises slightly to 2.9% in November

CRANSTON – Rhode Island’s seasonally adjusted unemployment in November was 2.9%, two-tenths of a percentage point higher than the previous month, the R.I. Department...

Weston: Investing for retirement – Why you might want to reconsider...

Like many other educators, high school science teacher Robert Curtiss of Dearborn, Mich., thought he was doing the right thing by investing in his...
Huan Kuang

Climate change can hit indebted businesses hardest

Climate change poses the biggest risks to the most vulnerable people, and the same is true for businesses: Highly leveraged companies – those that have...

Bank of America net income jumps 19%, extending the rally for...

NEW YORK (AP) – Bank of America Corp. said its profits grew 19% in its most recent quarter, the latest of the big banks...

BofA to pay more than $100M for doubling fees, opening accounts...

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without...

U.S. job openings dip to 9.8M in May yet still remain...

WASHINGTON (AP) – U.S. job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient...

FDIC recommends overhauling U.S. insurance deposit system 

NEW YORK (AP) – The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank...

Bank of America profits grow 15% in Q1, avoids industry crisis 

NEW YORK (AP) – Bank of America Corp. said its profits grew 15% last quarter, the latest of the big banks to do exceptionally...

‘Digital bank’ launched for small businesses

PROVIDENCE - Connecticut-based Liberty Bank on Monday launched Owners Bank - a “digital bank” targeting small businesses in Rhode Island, Connecticut, Massachusetts and Pennsylvania....
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