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CHRISTIN ZOLLICOFFE, far right, vice president of chief belonging and equity officer at Lifespan Corp., speaks during Providence Business News’ 2023 Diversity, Equity and Inclusion Summit and Awards program on Thursday. Also on the panel are, from right, Amy Walsh, executive director of commercial banking and diverse business regional executive for JPMorgan Chase & Co.; Jenny Bautista Ravreby, Blue Cross & Blue Shield of Rhode Island diversity, equity, and inclusion manager; Kevin Matta, board president for Diversity and Inclusion Professionals and senior director of people & culture for United Way of Rhode Island Inc.; Talia Brookshire, Neighborhood Health Plan of Rhode Island’s chief diversity officer; and Shameen Awan, vice president of talent management and DE&I assistant vice president at Amica Mutual Insurance Co. / PBN PHOTO/MIKE SKORSKI

PBN Summit: Diversity, equity and inclusion not only about metrics, but cultural transformation

WARWICK – When it comes to increasing workplace diversity, it's not about reaching a destination but continuing a journey of improvement. That’s according to participants...

Talbots Newport store to close next month, Chase Bank moving in

NEWPORT – After four decades, a popular women’s clothing store located on a prominent city intersection will be closing shop on Sept. 9 and...

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...

Bank of America profits rise; bank warns of slowing economy

NEW YORK (AP) – Bank of America's fourth-quarter profits rose slightly from a year ago, as higher credit costs and potentially bad loans more...
MAJOR BANKS in the U.S are preparing for a surge in loan defaults due to the COVID-19 pandemic. / AP FILE PHOTO/ STEVEN SENNE

Banks brace for big loan defaults by U.S., global customers

NEW YORK (AP) – The major banks in the United States are anticipating a flood of loan defaults as households and business customers take...
JPMORGAN Chase & Co. CEO Jamie Dimon warned the company's biggest rival, Bank of America, that Chase is aiming to compete for its retail banking business with expansion into 20 cities. / BLOOMBERG NEWS FILE PHOTO/MARK KAUZLARICH

Dimon to Bank of America: We’re coming for you in branch-expansion...

NEW YORK – JPMorgan Chase & Co. CEO Jamie Dimon has a message for his biggest rival: We’re coming for you. JPMorgan and Charlotte, North...
ALL 18 BANKS REQUIRED TO PARTICIPATE in the first round stress test exam demonstrated an ability to withstand a hypothetical financial shock. / COURTESY FEDERAL RESERVE

Goldman, Morgan Stanley do better in Fed stress tests after 2018’s...

NEW YORK – Goldman Sachs Group Inc. and Morgan Stanley improved on last year’s poor results in the first round of the latest Federal...
JP MORGAN CHASE said Friday it will open 12 retail bank branches in Greater Providence and Rhode Island, with the first branch opening in June in Providence. / BLOOMBERG NEWS FILE PHOTO/SCOTT FELLS

JPMorgan Chase discloses details of R.I. plans

PROVIDENCE – JPMorgan Chase & Co. will open its first of 12 retail bank branches in Greater Providence and Rhode Island in June, the company...
PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens’ clients bullish on BofA

PROVIDENCE – Citizens Financial Group Inc. has purchased an additional 288,283 shares of Bank of America stock on behalf of its wealth management clients,...
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