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Valentino to lead Citizens’ Security Alarm, Not-For-Profit banking groups

PROVIDENCE – Citizens Financial Group Inc., parent company of Citizens Bank, announced this week that Mark Valentino has been tapped to lead its national...

Citizens to reshuffle Rhode Island workforce for new Johnston campus

PROVIDENCE – Citizens Financial Group Inc. is on schedule to open its new office complex in Johnston next month and to start moving between 3,000...
CITIZENS FINANCIAL GROUP on Friday reported 33.6 percent growth of net income on a 14.2 percent increase in total interest and non-interest revenue in the second quarter. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens reports double-digit revenue, profit growth in 2Q

PROVIDENCE – Citizens Financial Group Inc., parent company of Citizens Bank, Friday reported double-digit growth in net income and total revenue for the second...
THE SECOND ROUND OF THE Federal Reserve's most-recent stress test has caused only a handful of banks to curtail their capital plans for 2018. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed forces JPMorgan, Goldman, four rivals to temper payouts

NEW YORK – Tougher Federal Reserve stress tests forced six U.S. banks, including JPMorgan Chase & Co., to scale back proposals for doling out...
THE FEDERAL RESERVE'S bank stress test assumed tougher economic conditions than 2017 for its "severely adverse scenario." / BLOOMBERG

Goldman, Morgan Stanley say test scores may not curb payouts

NEW YORK - Goldman Sachs Group Inc. and Morgan Stanley are imploring investors not to get spooked.The investment banks had the two lowest capital...
CVS HEALTH CORP. ranked No. 7 on the Fortune 500 list based on 2017 revenue. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

4 R.I. companies make Fortune 500 list

PROVIDENCE – Four Rhode Island-based companies have made the Fortune 500, a list of the largest United States corporations based on 2017 revenue that...
PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens purchases Tenn. mortgage servicing company for $511M

PROVIDENCE – Citizens Financial Group Inc. has entered into an agreement to have Citizens Bank N.A. acquire the assets of Tennessee-based Franklin American Mortgage...
GREG GUGLIELMO is the newly named executive vice president at DiPrete Engineering, a Cranston-based firm that focuses on civil engineering and land planning. / COURTESY DIPRETE ENGINEERING

Five Questions With: Greg Guglielmo

Greg Guglielmo is the newly named executive vice president at DiPrete Engineering, a Cranston-based firm that focuses on civil engineering and land planning. Guglielmo...
JACK MURPHY is president of Citizens Business Banking. With more than 70 locations in Rhode Island, Citizens Bank recently won a 2018 Best of FinXTech Partnership award for its digital-lending platform for small businesses that it launched with Fundation. / COURTESY CITIZENS

Citizens partnership nets FinXTech award for digital-lending platform

PROVIDENCE – Citizens Bank has won a 2018 Best of FinXTech Partnership award for a small-business digital-lending platform it launched along with Fundation, a...
CITIZENS FINANCIAL GROUP, parent company of Citizens Bank, is offering $300 million in preferred stock options and will use the proceeds for general corporate purposes, including working capital, retirement of debt, business acquisitions or investments, and other business opportunities. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens Financial Group offers $300M in preferred stock options

PROVIDENCE – Citizens Financial Group Inc. is offering $300 million in 6 percent fixed-to-floating rate noncumulative perpetual Series B Preferred Stock at $1,000 per...
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