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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...

Many banks consolidating jobs as economy shifts

While restaurants and retailers were laying off their workers at the onset of the COVID-19 pandemic, banks embarked on a hiring spree in the...

BofA sees overdraft fee income slashed by 90%

PROVIDENCE – Bank of America Corp. has lost nearly all of its overdraft fee revenue after implementing a new policy that significantly reduces charges...

JPMorgan CEO says he’s not worried about a recession

PROVIDENCE – Jamie Dimon isn’t worried about a recession. During a recent visit to JPMorgan Chase & Co.’s Olneyville Chase Bank branch, the CEO and...

JPMorgan CEO on R.I. expansion plans: ‘We didn’t come here to...

PROVIDENCE – To those who say that no one goes to the bank anymore, Jamie Dimon will tell you otherwise. Speaking from a corner office...
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