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Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs 

NEW YORK (AP) – Bank of America Corp. said on Tuesday its first-quarter profits fell 18%, as the bank dealt with rising expenses due...

What recession? Professional forecasters raise expectations for U.S. economy in 2024 

NEW YORK (AP) – This year looks to be a much better one for the U.S. economy than business economists were forecasting just a...

Some Americans have become saddled with credit card debt as rent,...

NEW YORK (AP) – While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...

Overspent in December? Here’s how to battle the January blues 

The first workday in January after the holidays hits a little bit differently: The parties are over, debt payments are soon due and it...

4 indicted in multistate burglary ring that targeted Asian Americans

PROVIDENCE – A federal grand jury indicted four individuals for their role in a multistate burglary ring that targeted U.S. residents, including Rhode Islanders,...
RHODE ISLAND ranked 34th for credit card debt burdens relative to income in the U.S., according to a report by creditcards.com. / AP FILE PHOTO / STEVE HELBER

Report: Rhode Islander’s ability to pay off credit card debt ranks...

PROVIDENCE – Rhode Island ranked No. 34 in the United States for the average amount of credit card debt and the capacity to pay...

Fed unleashes another big rate hike but hints at a pullback

WASHINGTON (AP) – The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to...

Study: Credit card spending falls as other payment methods become more...

PROVIDENCE – People are spending less on their credit cards in favor of other payment options, which could spell trouble ahead for credit card...

BayCoast Bank partners with credit card issuing company

SWANSEA – Baycoast Bank has teamed up with credit card issuing company CorServ Inc. to offer a new credit card program to its customers,...
IN THE CARDS: Navigant Credit Union offers “instant issue” banking cards to members at its branches, but Timothy J. Draper, senior vice president of marketing, says Navigant and other financial institutions have seen shipments of new cards from vendors slow because of a chip shortage. / PBN PHOTO/MICHAEL SALERNO

Financial institutions brace for chip shortage

Fewer choices at car dealerships and barren Best Buy shelves are the most obvious signs of the global semiconductor chip shortage – new motor...
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