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