FDIC: R.I. banks and credit unions outperform national counterparts on key ratios

PROVIDENCE – Banks and credit unions continue to report major losses through the second quarter, although Rhode Island fares better than its national counterparts on certain metrics, according to the Federal Deposit Insurance Corp.’s quarterly banking profile released in August. Nationally, federally insured institutions reported a combined $86 billion loss, or 69.7%, to their net…

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