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Citizens announces $180,000 in education grants for 8 R.I. nonprofits

PROVIDENCE – Citizens Financial Group Inc. announced it is funding $180,000 in financial education grants and ongoing volunteer support in recognition of April’s Financial...
ON THE DECLINE? The estimated annual amount of overdraft fees collected by U.S. banks and credit unions has dropped from a high of nearly $12 billion in 2019 to $5.3 billion in 2023. But the Consumer Financial Protection Bureau rule would cut further into that revenue.
SOURCE: Federal Deposit Insurance Corp. data; Federal Financial Institutions Examination Council

Bankers fight to overturn rule on overdraft fees

A proposed banking regulation that one federal agency says will save Americans $5 billion a year in overdraft fees is facing strong opposition from...

Citizens survey: M&A dealmaker sentiment at five-year high

PROVIDENCE – Optimism about the deal-making environment has reached a five-year high, according to a new survey from Citizens Financial Group Inc. published Wednesday.  The...

Paxson says state could do more to link business community with...

PROVIDENCE – Brown University President Christina H. Paxson thinks state officials can do more to foster connections between the business sector and the graduates...
PROMISING PATH: Keishla Aponte, a participant in Year Up’s business operations job training program, was hired by BankFive and now works at its Customer Contact Center in Fall River.
PBN PHOTO/RUPERT WHITELEY

BANKING ON DIVERSITY: Collaboration changing faces of industry

Nationally, banking was long known as a white-male-dominated industry. But Rhode Island is taking steps to change that with BankForward, an initiative that aims...

R.I. congressional members discuss Washington Bridge, economy at Chamber breakfast

WARWICK – U.S. Rep. Gabe Amo, D-R.I., said Rhode Islanders have a right to be disappointed in state leadership's response to the Washington Bridge...

Must R.I. give Citizens what it wants?

The 11th-hour budget amendment submitted by Gov. Daniel J. McKee asking to overhaul how Rhode Island-based banks are taxed had some questioning whether the...

$14K in scholarships awarded at Lt. Gov.’s Entrepreneurship Challenge

JOHNSTON – Raneem Al Suwaidani, a senior at The Metropolitan Career and Technical Center, or The Met, in Providence, won first place and a...
EARLY START: Citizens Bank employees Johnny Perez, left, assistant vice president and scrum master, and Stephanie Cuevas, social media community manager, both came up through Year Up Inc.’s career development program. 
PBN PHOTO/MICHAEL SALERNO

From city neighborhoods to a career in banking

Johnny Perez never imagined that he’d work for a bank. Now he’s an assistant vice president at Citizens Financial Group Inc. in Providence. Eight years ago,...

R.I. Bankers Association launches ‘Bank Forward’ aimed at diversifying the workforce

PROVIDENCE – The Rhode Island Bankers Association is embarking on a three-year outreach initiative to educate and recruit a diversified workforce.  Known as "Bank Forward:...
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