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Capital One $35B purchase of Discover Financial gets regulatory approvals 

NEW YORK (AP) – The pending merger between Capital One and Discover Financial services received approval from several regulators Friday, bringing the $35 billion tie-up...

Citizens CEO received 20% pay bump in 2024 despite drop in...

PROVIDENCE – The CEO of Citizens Financial Group Inc. received a 20% increase in pay last year, despite a dip in percentage of shareholder...

Citizens executive appointed senior vice chairman

PROVIDENCE – Citizens Financial Group Inc. says Donald H. McCree III, head of commercial banking at Citizens, has been appointed to senior vice chairman. “This...
BANK OF AMERICA Corp. saw its fourth-quarter profit fall more than 50% from a year earlier because of lingering banking industry headwinds. / AP FILE PHOTO/MICHAEL DWYER

Bank of America profits fall 50% in fourth quarter of 2023

NEW YORK (AP) – Bank of America Corp. saw its fourth-quarter profit fall more than 50% from a year earlier as the banking industry...
ALEX GORSKY, the former chairman and CEO of Johnson & Johnson, was named lead director of Neurotech Pharmaceuticals Inc. in Cumberland. / COURTESY OF NEUROTECH PHARAACEUTICALS INC.

Ex-J&J CEO named lead director of R.I.-based Neurotech Pharmaceuticals

CUMBERLAND – Alex Gorsky, the former chairman and CEO of Johnson & Johnson, was named lead director of Neurotech Pharmaceuticals Inc., the biotech company...

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...

Fraud, scam cases increasing on Zelle, Senate report finds 

NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...

Key inflation gauge hit 6.1% in January, highest since 1982 

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the...

Amy Walsh Joins JPMorgan Chase Commercial Banking as an Executive Director

Amy Walsh has joined JPMorgan Chase Commercial Banking as an Executive Director for Middle Market Banking in Rhode Island. With more than 20 years...
HOT SEAT: Jovita Carranza, administrator of the U.S. Small Business Administration, speaks before a House Small Business Committee hearing on oversight of the U.S. Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington on July 17. / POOL VIA AP FILE/KEVIN DIETSCH

Big companies went to head of line for PPP loans

Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had...
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