Tag: Federal Deposit Insurance Corp.
Remove FDIC cap to prevent future panic
We learned the hard way in 1932 that a crisis in confidence, which could be sparked by baseless rumors, could create a bank run...
Troubled Silicon Valley Bank acquired by First Citizens
NEW YORK (AP) – First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a...
Is my money safe? What you need to know about bank...
NEW YORK (AP) – The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about...
Biden tells U.S. to have confidence in banks after 2 collapse
NEW YORK (AP) – President Joe Biden on Monday told Americans the nation's financial systems were safe, seeking to project calm following the swift...
Citizens Financial Group named to Fortune’s ‘most admired’ companies list
PROVIDENCE – Citizens Financial Group Inc. was recently named one of the world’s most admired companies by Fortune magazine.
The parent company of Rhode Island-based...
BankRI President Meiklejohn moves to parent company, Tsonos named new R.I....
PROVIDENCE – Bank Rhode Island’s president is moving up to the bank’s parent company, while another C-suite leader will take over the Rhode Island...
Santander strikes deal with Rocket Mortgage after ending home loan business
PROVIDENCE – Santander Bank N.A. is teaming up with Rocket Mortgage under a recently announced partnership, according to a news release.
Under the deal, the...
Citizens wants to make NYC its next ‘home run’
PROVIDENCE – Citizens Financial Group Inc. has its eyes set on the Big Apple and is hoping to make the New York City metropolitan...
Santander increases minimum hourly wage to $20
PROVIDENCE – Santander Holdings USA Inc. has increased its minimum wage to $20 per hour, the company announced in a news release.
The wage hike,...
HarborOne Bank earns ‘Outstanding’ rating for community lending, service
PROVIDENCE – HarborOne Bancorp Inc., the parent company for HarborOne Bank, received the highest possible federal rating for its compliance with the Community Investment...
