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Three local branches named as part of Webster Bank 2021 closures

WATERBURY, Conn. – One Rhode Island branch and two in Bristol County, Mass., are among the 27 Webster Bank branches slated to close next...

Citizens receives top rating for Community Reinvestment Act performance

PROVIDENCE – Citizens Bank received an “outstanding” rating from the U.S. Department of the Treasury’s Office of the Comptroller of the Currency for its...

Feds to raise ceiling for home-sale appraisals

PROVIDENCE – For the first time in a quarter century, federal banking regulators are raising the minimal price for requiring appraisals on home sales. Beginning...
THE OFFICE OF THE COMPTROLLER OF THE CURRENCY and Federal Deposit Insurance Corp. have approved a move to ease the Volcker Rule’s controversial ban on banks making speculative investments. Wall Street has largely sought a roll back of the rules.. / BLOOMBERG NEWS

Volcker rule trading revamp approved in win for Wall Street

WASHINGTON – Wall Street watchdogs handpicked by President Donald Trump eased the Volcker Rule’s controversial ban on banks making speculative investments, wrapping up a...
SAMSUNG Electronics Co. and the U.S. Consumer Product Safety Commission agreed on an expanded recall of original and replacement Note 7 smartphones, increasing the number of devices that can be returned to 1.9 million. Here a Samsung employee demonstrates the water-resistant capability of a Samsung Electronics Co. Galaxy Note 7 smartphone. / BLOOMBERG NEWS FILE PHOTO/SEONGJOON CHO

Regulators to allow fintech companies to become national banks

PROVIDENCE - The burgeoning financial technology industry scored a big victory Tuesday when federal regulators announced that so-called “fintech” companies will be allowed to...
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