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Bank of America donates $250K for urban tree-planting program

PROVIDENCE – The city is one of four chosen for an urban tree-planting program by the Arbor Day Foundation that’s being funded by a...
CITIZENS BANK earned a score of 800 out of 1,000 on the J. D. Power 2019 Customer Satisfaction ratings for New England. / COURTESY J.D. POWER & ASSOCIATES

Citizens Bank scores just above average in J.D. Power customer satisfaction...

PROVIDENCE – Citizens Bank earned an 800 score on a 1,000 point scale in J.D. Power & Associates’ 2019 U.S. Retail Banking Satisfaction Survey...
BANK OF AMERICA reported a profit of $7.31 billion in the first quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI/GETTY IMAGES

BofA posts record profit as higher rates fuel consumer unit

NEW YORK - Bank of America Corp.’s consumer bankers outdid their colleagues in trading for the second quarter in a row as the company...

Better Markets report criticizes megabanks for misdeeds

PROVIDENCE – While CEOs of the nation’s biggest banks appeared before Congress last week in hopes of making a case that regulatory reforms since...

Bank of America commits to supporting ‘low-carbon’ businesses

PROVIDENCE – Bank of America Corp. is committing $300 billion by 2030 to support “low-carbon” businesses through lending, investing, raising capital, advisory services and...
BANK OF AMERICA CORP. plans to raise its minimum wage to $20 an hour over two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA to increase minimum wage to $20 an hour over two...

NEW YORK - Bank of America Corp., the second-biggest U.S. lender, plans to raise its minimum wage to $20 an hour over two years.The...
SHOWING UP: Rhode Island Black Business Association President Lisa Ranglin meets with members at the office. From left: Retired R.I. State Police Lt. John P. A’Vant; Ranglin; Clarence R. Sneed Jr., CEO of S&S Trucking; and Donna M. Sams, Community College of Rhode Island campus coordinator, Providence and Lincoln.
 / PBN PHOTO/MICHAEL SALERNO

Banker battles disparity in wages, opportunity

For Lisa Ranglin – risk and compliance manager for Providence-based Citizens Bank – it’s been a busy professional track.Her executive experience includes more than...
BANK OF AMERICA will drop Merrill Lynch from its investment-bank brand. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA drops Merrill Lynch from its investment banking brand

NEW YORK - Bank of America Corp. will drop Merrill Lynch from its investment-bank brand, while keeping the name Merrill for its wealth management unit.The...
POSITIVE PICTURE: PBN Economic Trends Summit keynote speaker Osborne Jackson, senior economist with the Federal Reserve Bank of Boston, tells attendees employment, labor-market participation, housing prices and consumer confidence are in generally healthy condition in Rhode Island. 
 / PBN PHOTO/RUPERT WHITELEY

Summit attendees encouraged by healthy condition of R.I., N.E. economies

Osborne Jackson, senior economist with the Federal Reserve Bank of Boston, offered a generally positive image of Rhode Island’s and New England’s current economic...
CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN

FDIC: Local banks see profit grow 38% in 2018

PROVIDENCE – More than 20 banks with branches located in Rhode Island and Bristol County, Mass., reported year-over-year increases in net income at the...
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