Tag: Seth Magaziner
Investment Metrics ranks R.I. pension fund performance in top 5% in...
PROVIDENCE – Even with a $900 million loss in the first quarter, the state pension fund outperformed 95% of its public pension counterparts nationwide,...
R.I. pension fund loses $900M in Q1
PROVIDENCE – The state pension fund lost nearly $900 million in the first quarter of 2020, with a $600 million hit in March alone...
R.I. Bankers Association: Majority of members accepting PPP applications
PROVIDENCE – While national banks have struggled with the rollout of a fast-moving federal loan program designed to help small businesses cover payroll expenses,...
Magaziner: Lenders shouldn’t turn away ‘orphaned’ businesses from $349B emergency program
PROVIDENCE – R.I. General Treasurer Seth Magaziner is urging Rhode Island banks, credit uniosn and other lenders to stop turning away some small businesses...
United Way’s 401Gives Day collects $1.2M for nonprofits
PROVIDENCE – Close to $1.2 million was raised Wednesday for 365 Rhode Island-based nonprofit organizations in the United Way of Rhode Island’s inaugural 401Gives...
State leaders approve up to $300M in borrowing related to COVID-19
PROVIDENCE – Rhode Island state leaders have authorized the borrowing of up to $300 million through a line of credit with a commercial bank...
Magaziner, investors secure board diversity commitment from SBA Communications
PROVIDENCE – An international company that owns and operates wireless communications infrastructure has agreed to meet certain diversity standards and disclosures for its board...
Magaziner highlights BankLOCAL success
PROVIDENCE – Rhode Island’s BankLOCAL program has offered 348 small-business loans and moved $37.5 million in cash deposits to state banks and credit unions...
Victims of violent crimes reimbursed $1M in 2019
PROVIDENCE – The state’s Crime Victim Compensation Program returned over $1 million to residents in 2019, General Treasurer Seth Magaziner's office said on Tuesday.
The...
State pension fund earns $1.3B on investments in 2019
PROVIDENCE – Rhode Island’s pension plan reached an all-time high in value of $8.8 billion at the end of 2019, earning $1.3 billion from...
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