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BANK OF AMERICA Corp. saw its fourth-quarter profit fall more than 50% from a year earlier because of lingering banking industry headwinds. / AP FILE PHOTO/MICHAEL DWYER

Bank of America profits fall 50% in fourth quarter of 2023

NEW YORK (AP) – Bank of America Corp. saw its fourth-quarter profit fall more than 50% from a year earlier as the banking industry...
ALEX GORSKY, the former chairman and CEO of Johnson & Johnson, was named lead director of Neurotech Pharmaceuticals Inc. in Cumberland. / COURTESY OF NEUROTECH PHARAACEUTICALS INC.

Ex-J&J CEO named lead director of R.I.-based Neurotech Pharmaceuticals

CUMBERLAND – Alex Gorsky, the former chairman and CEO of Johnson & Johnson, was named lead director of Neurotech Pharmaceuticals Inc., the biotech company...

Fed is set to raise rates yet again. After that, then...

WASHINGTON (AP) – The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step...

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...

Key inflation gauge hit 6.1% in January, highest since 1982 

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the...

Amy Walsh Joins JPMorgan Chase Commercial Banking as an Executive Director

Amy Walsh has joined JPMorgan Chase Commercial Banking as an Executive Director for Middle Market Banking in Rhode Island. With more than 20 years...
HOT SEAT: Jovita Carranza, administrator of the U.S. Small Business Administration, speaks before a House Small Business Committee hearing on oversight of the U.S. Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington on July 17. / POOL VIA AP FILE/KEVIN DIETSCH

Big companies went to head of line for PPP loans

Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had...

JPMorgan Chase R.I. leader predicts international focus in 2020

PROVIDENCE – Chris Stevens, JPMorgan Chase & Co.’s Rhode Island executive director of commercial banking, predicts that 2020 will be the year of international...

Five Questions With: Solanchy Rodriguez

Solanchy Rodriguez is the manager of JPMorgan Chase & Co.’s first consumer banking branch in Rhode Island, located at 234 Thayer St., near Brown...

R.I. Department of Education appoints 23 PrepareRI ambassadors

PROVIDENCE – The state Department of Education has named 23 PrepareRI ambassadors, a group of educators and community leaders who are expected to guide...
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