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READING THE SIGNS: Thomas Tzitzouris, head of fixed-income research at financial services firm Strategas Research Partners, reviews his 2026 economic outlook for the attendees of Providence Business News’ ­Economic Trends Summit on Jan. 22. 
PBN PHOTO/MIKE SKORSKI

Analyst: Debt, deficits, stimulus not fixing underlying problems

The last few decades have seen American consumers increasingly reliant on credit to maintain spending, a trend that began in the 1990s. The federal government...
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...
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