Tag: First Republic Bank
Citizens hires 2 strategic wealth leaders, opens Private Banking office in...
PROVIDENCE – Citizens Financial Group Inc. recently unveiled changes to its Wealth Management and Private Banking business designed to accelerate its growth to serve...
Citizens looks to capitalize on its new private bank
When San Francisco-based First Republic Bank imploded last spring and its financial assets were sold to JPMorgan Chase & Co., Citizens Financial Group Inc....
Big-bank CEOs warn that new regulations could harm the economy
NEW YORK (AP) – The heads of Wall Street's biggest banks used an appearance on Capitol Hill to plead with senators to stop the...
Bank ‘stress tests’ by Fed may have overlooked weaknesses in system
The 23 largest banks in the U.S. – including Providence-based Citizens Financial Group Inc. – recently passed the Federal Reserve’s “stress test,” but some...
SHAKY GROUND: Distressed office real estate could undermine banks, wider economy
The former mayor of Providence is distressed.
When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...
Should R.I. businesses prep for potential credit crunch?
After a tumultuous first half of 2023 for U.S. banks, many observers fear that a credit crunch is fast approaching, if it hasn’t already...
FDIC recommends overhauling U.S. insurance deposit system
NEW YORK (AP) – The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank...
Fed is set to raise rates yet again. After that, then...
WASHINGTON (AP) – The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step...
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...
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON (AP) – The Federal Reserve extended its yearlong fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns...
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