Updated August 28 at 12:28pm
Banking
437 results total, viewing 261 - 270
The Federal Deposit Insurance Corp. has approved an interim rule to allow “well-managed community banks and thrifts” with less than $1 billion in assets qualify for the 18-month exam cycle. more
More than 50 credit union executives gathered at the Statehouse this month to brush shoulders with some of the state’s top political leaders. Paul Gentile, president and CEO of the Credit Union Association of Rhode Island, Massachusetts and New Hampshire. Gentile talks with Providence Business News about what the state’s credit unions are looking for this legislative session. more
Customers Bank Inc. finished a strong fourth quarter with an equally strong 2015, reporting net income for the year totaling $58 million, or $1.96 per diluted share, representing a 35.6 percent increase compared with 2014. more
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
(Updated, 6:25 p.m.) Citizens Financial Group Inc. is a “work in progress,” says its CEO, as Rhode Island’s largest bank continues to acclimate to life in the public eye, free from a far-away parent. more
(Updated, 6:14 p.m.) In its first full-year earnings report as an independent bank, Citizens Financial Group Inc. showed continuing improvement in its operations. more
Webster Financial Corp. finished 2015 reporting record net income for both the fourth quarter and the year with $52.6 million, or 55 cents per diluted share, and $206.3 million, or $2.15 per diluted share, respectively. more
Hedge funds are attempting to buy the dip, according to the latest client flows data from Bank of America Merrill Lynch. more
Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fixed-income trading revenue and declines in expenses. more
J C Electric Inc. is the first black-owned business to close on a business loan from Freedom National Bank under a new program operated through the R.I. Black Business Association. more
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