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THE FEDERAL Deposit Insurance Corp. tracks banking statistics for all financial institutions it insures. / PBN FILE PHOTO

Rhode Island banks profit at nearly triple the national rate

PROVIDENCE – Rhode Island-based banks grew profit at a much faster clip than the rest of the country during the first half of 2017,...
PROVIDENCE-BASED Citizens Financial Group reported second-quarter net income of $318 million, an improvement on $243 million in the 2016 second quarter. /BLOOMBERG FILE PHOTO/ KELVIN MA

Citizens grew second-quarter profit 30.9% to $318M

PROVIDENCE – Citizens Financial Group Inc. on Friday reported second-quarter profit grew 30.9 percent to $318 million, or 63 cents per diluted share, compared...
U.S. BANKS posted the first drop in total commercial and industrial loans since 2010. /COURTESY BLOOMBERG

Trump era brings rare drop in loans at America’s regional banks

NEW YORK - For regional banks across the U.S., the “Trump bump” hasn’t yet translated into business. Bank stocks have climbed since Donald Trump was...
CITIZENS FINANCIAL GROUP is led by Chairman and CEO Bruce Van Saun. / PBN FILE PHOTO/MICHAEL SALERNO

Citizens reports record-breaking $320M profit

PROVIDENCE – Buoyed by strong fee-based business, Citizens Financial Group Inc. on Thursday reported record-breaking, first-quarter profit of $320 million, or 61 cents per...

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