Rhode Island

After a judge approved the final settlement in the 38 Studios fiasco, Rhode Island Gov. Gina Raimondo said she would ask a court to release grand jury documents.

Rhode Island Treasurer Seth Magaziner and activist shareholders met with Wells Fargo CEO Timothy Sloan regarding the bank's fraud.

Rhode Island’s pension fund earned more than $530 million in investment gains in 2016, the most in three years, said Treasurer Seth Magaziner.

Rhode Island’s government has developed programs to revive its manufacturing industries with an eye toward improving the state’s economy.

Financial advisor Hilltop Securities Inc. – formerly First Southwest – has agreed to pay $16 million to settle the lawsuit Rhode Island Commerce Corp. brought in the wake of the failed 38 Studios deal.

Rhode Island Gov. Gina Raimondo proposed a $9.3 billion budget that calls for two years of free tuition at public colleges for in-state students.

The Rhode Island Commerce Corp. and Securities and Exchange Commission are close to reaching a final settlement over fraud charges the SEC brought in connection with a private placement involving the video game company 38 Studios.

Rhode Island’s retirement system joined an institutional investor group in a shareholder proposal demanding that Wells Fargo address its fake-accounts scandal, said Treasurer Seth Magaziner.

Providence, R.I., Mayor Jorge Elorza said his city's three-notch upgrade from Fitch Ratings, to A-minus from BBB-minus, reflects a move in the right direction.

Rhode Island's investment panel voted to terminate its investment in seven hedge funds, following Treasurer Seth Magaziner's initiative to minimize risk.

Rhode Island's pension system returned more than $45 million for September, state General Treasurer Seth Magaziner said.

Rhode Island is working on a debt affordability study that will include bonded debt as well as pension and OPEB liabilities, said Treasuer Seth Magaziner.

A judge has agreed to put Peter Cannava back into a Securities and Exchange Commission lawsuit that alleges the Wells Fargo banker aided and abetted the defrauding of investors in connection with a private placement by 38 Studios.

Rhode Island Commerce Corp. plans a negotiated sale of $250 million in Series 2016B state Department of Transportation grant anticipation bonds.

Peter Cannava is fighting the Securities and Exchange Commission’s attempt to put him back into its lawsuit over 38 Studios’ private placement by trying to amend the complaint to include more details about his alleged aiding and abetting the defrauding of investors.

Rhode Island Treasurer Seth Magaziner's new investment strategy will trim the state's exposure to hedge funds by more than half.

The settlement by former baseball pitcher Curt Schilling and other 38 Studios executives with Rhode Island could push lone defendant First Southwest to the table.

Pawtucket, R.I., received a two-notch upgrade to A3 from Moody’s, which cited the 71,000-population city’s “improved and stabilized financial position.”

The $7.65 billion Employees' Retirement System of Rhode Island achieved positive gains for a fifth straight month in July with a 2.47% return and $150 million fund balance growth, State Treasurer Seth Magaziner announced Thursday.

Rhode Island ended fiscal 2016 with a $167 million surplus, or $44 million more than expected, said Gov. Gina Raimondo.