CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence. / PBN PHOTO/MICHAEL SALERNO
Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress passed the large cut to the corporate tax rate last December. Banks also have been spending more on technology and other infrastructure in response to the 2017 federal tax overhaul, which…
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