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Citizens Bank reports $34M profit in Q1 after increasing funds for...

PROVIDENCE – After adding $463 million in reserve funds for anticipated COVID-19 credit losses, Citizens Financial Group Inc. saw its quarter-one profit drop 92%,...

Citizens M&A serves as financial adviser on LegalPartners recapitalization

PROVIDENCE – Citizens M&A Advisory was recently highlighted for its role as the exclusive financial adviser to LegalPartners on its recapitalization, according to a...

Citizens M&A highlighted for work as financial adviser in recapitalization deal

PROVIDENCE – Citizens M&A Advisory served as the exclusive financial adviser to Chicago-based Workday services partner TopBloc on a recent recapitalization deal, according to a news...

Webster, Citizens named to Forbes’ 2020 Best Banks list

PROVIDENCE – Two local banks earned spots on Forbes’ 2020 America’s Best Banks list. Connecticut-based Webster Bank and Citizens Bank, in Rhode Island, both were...
THREE RHODE ISLAND companies earned a perfect score on the 2020 Corporate Equality Index conducted by the Human Rights Campaign Foundation. / COURTESY HUMAN RIGHTS CAMPAIGN FOUNDATION

3 R.I. companies score perfect on LGBTQ-inclusive workplace index

PROVIDENCE – Three companies headquartered in Rhode Island earned a perfect score on the Human Rights Campaign Foundation’s 2020 Corporate Equality Index, measuring LGBTQ-inclusive...
CITIZENS BANK's holding company reported net income of $453 million in the second quarter ended June 30, a 7% increase from the same period last year. /PBN FILE PHOTO

Citizens Bank posts 7% gain in quarterly profit

PROVIDENCE – Citizens Bank’s holding company Friday reported a 7% increase in second quarter net income from the same period last year, driven by...
CITIZENS FINANCIAL GROUP has authorized a one-year common stock buyback program for up to $1.3 billion. / BLOOMBERG FILE PHOTO/SCOTT EISEN

Citizens authorizes one-year, $1.3B buyback program

PROVIDENCE – Citizens Financial Group Inc. has authorized a stock repurchase program up to $1.3 billion, the bank organization announced Friday. The buyback program will...
CVS RANKED NO .8 on the 2019 Fortune 500 . / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

4 R.I. companies place on 2019 Fortune 500 list

PROVIDENCE – Four Rhode Island companies made the 2019 Fortune 500 list while seven Rhode Island companies were among the Fortune 1000, according to...

Tax reform boosts profits in banking industry

You might say 2018 was the year of Trump in banking. It’s debatable whether President Donald Trump is accomplishing his campaign promise to make...
CLUB PRESERVED: The Agawam Hunt country club in East Providence emerged from bankruptcy in March under a reorganization that sold the club assets to a new ownership group and which included the sale of a conservation easement to The Nature Conservancy.
 / COURTESY AGAWAM HUNT

Home sales cool; golf clubs on the move

The residential real estate market started to cool in 2018, returning to an equilibrium between buyers and sellers, after two solid years of appreciation...

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