U.S. Bancorp, the largest bank based in the Midwestern U.S., is the leading contender to buy the Chicago branches of Citizens Financial Group Inc. because smaller bidders are wary of raising capital to fund the deal, people with knowledge of the matter said.
Canada’s Toronto-Dominion Bank is expanding its U.S. mortgage lending by holding loans on its books – a business model U.S. banks are just starting to revive as policy makers seek to reduce the government’s dominant role.
By Jody Shenn and Doug Alexander Bloomberg News
Santander Bank has extended its commitment to Providence College through 2020 with support of global exchange opportunities, research grants, scholarships and entrepreneurship studies, the bank announced.
Six Rhode Island banks earned mixed ratings for best practices in the areas of overdraft, disclosure and dispute resolution, according to a study called “Checks and Balances: Measuring Checking Accounts’ Safety and Transparency” by The Pew Charitable Trusts.
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