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Pressure on households grows

Is the U.S. economy enjoying a honeymoon, or is this merely a hiatus? Although this isn’t a subject of discussion among most economists, there...
CITIZENS BANK MAINTAINED its status as the bank with the largest percentage of deposits in the region, according to the latest FDIC data. /PBN FILE PHOTO/NICOLE DOTZENROD

Citizens Bank grows share of deposits in the region

PROVIDENCE –Citizens Bank N.A. cemented its position as the bank in the region with the highest market share of deposits on June 30, according...
BANK OF AMERICA CORP. reported third-quarter net income of $5.59 billion. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA profit best in six years as rising rates lift revenue

NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender...
CITIZENS FINANCIAL GROUP'S mortgage operation ranked No. 5 in a primary mortgage servicer satisfaction index ranking. /BLOOMBERG FILE PHOTO/KELVIN MA

Citizens ranks in top 5 for mortgage servicer satisfaction study

PROVIDENCE – Citizens Financial Group Inc.’s Citizens One Home Mortgage ranked No. 5 in a United States primary mortgage servicer satisfaction study with a...
SANTANDER BANK'S NEW Ultimate Cash Back credit card offers 1.5 percent cash back on all transactions. /COURTESY SANTANDER BANK

Santander launches new cash back credit card

BOSTON – Santander Bank has launched a new credit card, dubbed the “Ultimate Cash Back Credit Card,” offering 1.5 percent cash back on all...
WEBSTER FINANCIAL CORP. is the parent company of Webster Bank, which is based in Connecticut. The company saw its 33rd consecutive quarter of year-over-year revenue growth in the fourth quarter of 2017. / PBN FILE PHOTO

Reputation Institute: Webster Bank No. 7 most reputable retail bank in...

Updated at 3:02 p.m. WATERBURY, Conn. – Webster Bank was ranked No. 7 on a list of the most reputable United States retail banks in 2017,...
MARC EDDY is a senior vice president, small-business banking manager at Bank of America in Providence. /COURTESY BANK OF AMERICA

Five Questions With: Marc Eddy

Marc Eddy is a senior vice president, small-business banking manager at Bank of America in Providence. He talks with Providence Business News about a...
SEVEN BANKS ARE AT the center of a probe by Mexico’s antitrust regulator looking into possible collusion to manipulate bond prices. The investigation is focused on local units of Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA, JPMorgan Chase & Co., HSBC Holdings Plc, Barclays Plc, Citigroup Inc. and Bank of America Corp.

Seven dealers said to be focus of Mexico bond collusion probe

NEW YORK - Seven banks are at the center of a probe by Mexico’s antitrust regulator looking into possible collusion to manipulate bond prices,...
A former Bank of America Corp. senior vice president, Palestine "Pam" Ace and her husband were charged with embezzling more than $2.7 million on Monday.

Ex-BofA vice president, husband charged in embezzlement scam

NEW YORK - A former Bank of America Corp. senior vice president and her husband were charged with embezzling more than $2.7 million by...
The Garage 2017

Providence Chamber to hold annual Garage session

PROVIDENCE – The Greater Providence Chamber of Commerce will host its 2017 session of The Garage on Tuesday, May 16, at the WaterFire Arts...
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