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Citizens Financial Group reports $487M profit in Q2

PROVIDENCE – Citizens Financial Group Inc. on Tuesday reported a 31% rise in quarterly earnings compared with a year ago, beating Wall Street estimates...
STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

SHAKY GROUND: Distressed office real estate could undermine banks, wider economy

The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...

Van Saun to present at Bernstein Strategic Decisions Conference

PROVIDENCE – CEOs from the world’s most notable companies, including at least two from Rhode Island, will participate in the Bernstein 39th Annual Strategic...

Coughlin, Johnson named Citizens vice chairs

PROVIDENCE – Brendan Coughlin, head of consumer banking, and Beth Johnson, chief experience officer, have been named vice chairs at Citizens Financial Group Inc. Coughlin...

Citizens Financial Group names Stein new chief risk officer

PROVIDNECE – Richard Stein will take over as Citizens Financial Group Inc.’s chief risk officer in the first quarter of 2024, the Rhode Island-based financial institution...

Citizens grants $1.25M to local job development effort

PROVIDENCE – The Citizens Charitable Foundation on March 29 granted $1.25 million to the Local Initiatives Support Corp. to support job growth in underserved communities. The...

Citizens Financial Group named to Fortune’s ‘most admired’ companies list

PROVIDENCE – Citizens Financial Group Inc. was recently named one of the world’s most admired companies by Fortune magazine. The parent company of Rhode Island-based...

Citizens leaders expect ‘moderate’ recession in 2023

PROVIDENCE – Citizens Financial Group Inc. is preparing for a “moderate” recession in the year ahead, company leaders said in an earnings call Jan....

Citizens reports $2.1B 2022 profit

PROVIDENCE – Citizens Financial Group Inc. saw its annual profits shrink by 11% in 2022 after acquisition costs and building up its loan loss...

Citizens named U.S. Bank of the Year

PROVIDENCE – Citizens Financial Group Inc. earned top honors in recent rankings by financial magazine The Banker, which named the company its U.S. Bank...
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