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FDIC: Year-end bank revenue down 36.5% in U.S. in 2020

PROVIDENCE – While financial institutions recovered somewhat from the initial blow dealt by COVID-19, year-end profits were still down compared with the year before,...

FDIC: R.I. banks report increased revenue amid national decline

PROVIDENCE – Rhode Island banks and savings institutions bucked the national trend in 2019, reporting an increase in year-end revenue at a time when...
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...
ASSISTING CUSTOMERS: Bank teller Kayla Beauvais, left, helps Jacqueline Daigneault of Cumberland at the Citizens Bank branch in town at 2000 Mendon Road. / PBN PHOTO/MICHAEL SALERNO

Some banking regulatory requirements easing

A decade after the financial crisis, the banking industry appears to be in great shape. Profits are way up and some of the regulatory...

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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