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Hasbro launches $500M bond deal

PAWTUCKET – Hasbro Inc. launched a $500 million bond deal Wednesday as it raises debt for the first time since 2019.  The toymaker is selling...

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...
DIVERSE DISCUSSION: 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 Dec. 7. 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 & Inclusion Professionals Inc. and senior director of people and 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 FILE PHOTO/MIKE SKORSKI


Summit panel: Burnout a danger in workplace DEI efforts

Professionals working in the area of improving diversity, equity and inclusion in the workplace have made lots of progress over the years, but it...
ALL IN: Citizens Financial Group Inc. has hired more than 100 people from the former First Republic Bank’s wealth management arm in order to launch its own private bank to service high-wealth clients. 
PBN FILE PHOTO/NICOLE ­DOTZENROD

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....

FDIC: Citizens, Bank of America see R.I. deposits decline

PROVIDENCE – Citizens Financial Group Inc. and Bank of America Corp. remain the largest banks in Rhode Island by deposits, but the amount of...
NEW DIGS: Bank Rhode Island recently opened this standalone branch on Oaklawn Avenue in Cranston. 
COURTESY BANK RHODE ISLAND/
ARTISTIC IMAGES

Branching out: In digital age, why are R.I. banks building more...

No one would blame Jack Murphy if he’s feeling a little under siege lately. As CEO and president of BankNewport, Murphy considers Aquidneck Island his...
STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

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...
MULTITASKER: JPMorgan Chase & Co. Vice President Elizabeth Desautel helps clients by taking on the role as both an investor and adviser. 
PBN PHOTO/RUPERT WHITELEY

JPMorgan & Chase’s Desautel crunches numbers with kindness toward others

PBN 2023 Business Women Awards FINANCIAL SERVICES WOMAN TO WATCH: Elizabeth Desautel | JPMorgan Chase & Co. vice president WHEN IT COMES TO HELPING clients...

JPMorgan survey: 2 in 3 businesses bracing for recession

PROVIDENCE – Nearly 2 in 3 business leaders are bracing for a recession this year, according to a new survey by JPMorgan Chase &...

JPMorgan Chase becomes first bank to accept government deposits in all...

PROVIDENCE – JPMorgan Chase & Co. recently became the first bank to accept government deposits in all 50 states, according to a news release. The...
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