Tag: Finance
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....
Home-based workers became younger, more diverse in pandemic
People working from home became younger, more diverse, better educated and more likely to move during the worst part of the COVID-19 pandemic, according...
Is my money safe? What you need to know about bank...
NEW YORK (AP) – The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about...
Blue and green startups avoiding funding crunch
Over the past year, declining investments, layoffs and uncertainty about the future have plagued tech companies throughout the U.S. And while tech giants such...
Bank of America profits rise; bank warns of slowing economy
NEW YORK (AP) – Bank of America's fourth-quarter profits rose slightly from a year ago, as higher credit costs and potentially bad loans more...
Feds propose ‘student loan safety net’ alongside forgiveness
WASHINGTON (AP) – The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and...
R.I. mortgage delinquency rate drops to 2.9% Y/Y in October
PROVIDENCE – The share of mortgages in delinquency 30 days or more in Rhode Island was 2.9% in October, down from 3.6% year over...
Fidelity announces mutual fund to ETF conversions
PROVIDENCE – Fidelity Investments Inc. recently unveiled plans to convert six mutual funds into exchange-traded funds, according to a press release.
The conversions, which are...
Fraud, scam cases increasing on Zelle, Senate report finds
NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...
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