Tag: Banking
Citizens’ 2Q profit increases 34.6%
PROVIDENCE – Citizens Financial Group Inc. on Thursday posted a $587 million profit for the second quarter of 2026, up 34.6% year over year. The increase was...
Banks, airlines wary of credit card interest cap
When President Donald Trump announced earlier this year that he planned to order credit card companies to cap the annual percentage rate at 10%...
U.S. middle-market M&A confidence hits 6-year high, Citizens survey finds
PROVIDENCE – Confidence in the U.S. middle-market mergers and acquisitions environment has surged to a six-year high, according to a new survey from Citizens...
As credit card debt climbs, so does the financial pain
From young professionals to near retirees, many Rhode Islanders are struggling with rising credit card debt, financial advisers say.
Some clients are delaying major life...
BankNewport grant supports financial, health coaching for 10 R.I. families
NEWPORT – BankNewport has awarded a $10,000 grant to the Capital Good Fund to support its Financial and Health Coaching Program, which will assist...
SEC filing of the week: Eastern Bank’s $490M merger with HarborOne...
PROVIDENCE – Eastern Bankshares Inc.'s $490 million merger with HarborOne Bancorp Inc., the holding company of HarborOne Bank, is nearly complete.
In its filing with...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) – The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President...
Federal Reserve leaves its key rate unchanged but sees 2 cuts...
WASHINGTON (AP) – Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of...
Payday lender opponents renew legislative effort
Advocates for payday lending reform celebrated lin 2023 when the House voted overwhelmingly for a bill they believed would finally curtail so-called “payday lenders,”...
Citizens CEO received 20% pay bump in 2024 despite drop in...
PROVIDENCE – The CEO of Citizens Financial Group Inc. received a 20% increase in pay last year, despite a dip in percentage of shareholder...
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