Home Tags Federal Deposit Insurance Corp.

Tag: Federal Deposit Insurance Corp.

Feds to raise ceiling for home-sale appraisals

PROVIDENCE – For the first time in a quarter century, federal banking regulators are raising the minimal price for requiring appraisals on home sales. Beginning...

Report: BofA drops to No. 2 in R.I. market share after...

PROVIDENCE – While other banks’ in-state deposits have remained relatively stable, Bank of America Corp.’s total Rhode Island deposits dropped by $5.4 billion as...
RHODE ISLAND banking institutions' assets increased 29% year over year at the end of the second quarter. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

FDIC: R.I. banking assets increase 29% Y/Y in Q2

PROVIDENCE – Rhode Island banking institution assets increased 28.9% year over year to $174.1 billion in the second quarter of 2019, according to the...

East Greenwich bank agrees to revamp its management practices

EAST GREENWICH – Federal and state regulators and Independence Bank of East Greenwich have reached a consent agreement in which the bank must ensure...
THE OFFICE OF THE COMPTROLLER OF THE CURRENCY and Federal Deposit Insurance Corp. have approved a move to ease the Volcker Rule’s controversial ban on banks making speculative investments. Wall Street has largely sought a roll back of the rules.. / BLOOMBERG NEWS

Volcker rule trading revamp approved in win for Wall Street

WASHINGTON – Wall Street watchdogs handpicked by President Donald Trump eased the Volcker Rule’s controversial ban on banks making speculative investments, wrapping up a...

Citizens Bank offers fraud exposure warnings to consumers

PROVIDENCE – Citizens Bank is out with steps consumers can take to help prevent unauthorized activity on their accounts, noting that fraud detection shouldn’t...

FDIC: 8 R.I. banks post $482M Q1 profit

PROVIDENCE – Eight banks and other financial institutions in Rhode Island backed by the Federal Deposit Insurance Corp. had a collective profit of $482...
CITIZENS BANK N.A. reported net income of $1.39 billion as of Dec. 31, 2018, according to data released by the Federal Deposit Insurance Corp. on Thursday. / PBN FILE PHOTO/ELI SHERMAN

FDIC: Local banks see profit grow 38% in 2018

PROVIDENCE – More than 20 banks with branches located in Rhode Island and Bristol County, Mass., reported year-over-year increases in net income at the...
THE FEDERAL RESERVE, shown above, has issued a report that anticipates increased commercial lending by credit unions based on the relaxing of rules two years ago. Is that a good thing? / BLOOMBERG FILE PHOTO/ANDREW HARRER

Regulators issue notice of proposed Volcker Rule exemption for small banks

PROVIDENCE – Federal banking agencies have issued a notice of proposed rule-making to exempt banks with less than $10 billion in assets from the...

FDIC: Retail bank deposits up 5.6% in Bristol County, Mass.,...

PROVIDENCE – Retail banking deposits in Bristol County, Mass., grew by 5.6 percent during fiscal year 2018, ended June 30, new federal banking statistics...
- Featured Event -

Latest News

Buy One, Gift One.

Two subscriptions for only $99!

Buy a one-year subscription to Providence Business News and get a second subscription free!

Offer expires December 31, 2019