Two Rhode Island companies made Brand Finance’s Most Valuable Brand list released this week, with CVS Health Corp. ranking 24th highest, a two-spot slip from last year, and Citizens Financial Group unchanged over the year at 386th.
Citizens Financial Group Inc. dropped the most in the 24-company KBW Bank Index after some branch workers told a newspaper they faked information about customers attending its “Citizens Checkup” program.
A Banco Santander SA unit will pay almost $25 million to two U.S. states, Massachusetts and Delaware, to resolve a joint investigation into predatory subprime auto loans that resulted in buyers owing thousands of dollars more than their cars were worth - the first such accord in the country.
Federal Reserve Chair Janet Yellen said challenges remain in the U.S. labor market, including concentrations of elevated joblessness in poor and minority communities, as she pushed for better education and training so the economy works for all Americans.
(Updated 4:38 p.m.)
The Rhode Island business community is brimming with optimism as it relates to the future of the state’s economy, according to a real-time survey conducted at the Santander Bank and Greater Providence Chamber of Commerce annual economic outlook breakfast on Tuesday.
The R.I. Commerce Corp. board on Monday approved up to $3.3 million in tax credits for eMoney Advisor LLC, a Pennsylvania-based firm that plans to open an office downtown and hire 100 full-time employees by 2020.