Federal Deposit Insurance Corp. - Page 3 of 5

Citizens Bank offers fraud exposure warnings to consumers

Technology 07/02/2019

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

Economic Activity 06/03/2019

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

Financial Services 02/21/2019

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

Financial Services 12/25/2018

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.,...

Financial Services 10/16/2018

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

FDIC launches ‘transparency’ section on its public website

Financial Services 10/16/2018

PROVIDENCE – Under the so-called “Trust through Transparency” initiative, the Federal Deposit Insurance Corp. has launched a new section on its public website that...

Report: Bank of America takes lead in bank deposits within Rhode...

Financial Services 10/09/2018

PROVIDENCE – Rhode Island consumer banking has become a little less local, as Charlotte, N.C.-based Bank of America now has the most in-state deposits,...

FDIC statistics released Thursday show that Rhode Island banks and their counterparts nationwide are having a stellar year, boosting collective profits by 25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

R.I. banks having a stellar year, FDIC report shows

Economic Activity 08/24/2018

PROVIDENCE – Bolstered by a large cut in the corporate tax rate, United States banks collectively are on a financial roll, and the nine...

THE SEC has adopted amendments that obligates securities dealers to ensure that municipalities report updated financial information and material events to bondholders. The amendments will force the disclosure of loans incurred by municipalities, loan defaults and changes to financial covenants that affect bondholders within 10 business days. /BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

SEC forces cities to reveal Wall Street loans with holdings surging

Government 08/20/2018

NEW YORK - The U.S. Securities and Exchange Commission moved to require states and local governments to disclose bank loans and privately placed debt, seeking...