Tag: Peter Nigro
Bank ‘stress tests’ by Fed may have overlooked weaknesses in system
The 23 largest banks in the U.S. – including Providence-based Citizens Financial Group Inc. – recently passed the Federal Reserve’s “stress test,” but some...
Should R.I. businesses prep for potential credit crunch?
After a tumultuous first half of 2023 for U.S. banks, many observers fear that a credit crunch is fast approaching, if it hasn’t already...
Don’t panic: R.I. business leaders advise caution, planning
PROVIDENCE – Business leaders in Rhode Island are urging caution and careful planning as the nation braces itself for a recession, interest rates continue...
With acquisitions, Citizens’ focus grows much wider
Citizens Financial Group Inc.’s headquarters holds a prominent place in downtown Providence. The 13-story building stands guard over the confluence of the Woonasquatucket and...
Bill seeks to prohibit vaccine discrimination in lending, credit access
PROVIDENCE – Getting on a plane, going to school or landing a job all may at some point require proof of vaccination against COVID-19....
Many businesses can’t meet new PPP guidelines
The newly reopened Paycheck Protection Program sought to eliminate logistical hurdles and overly restrictive rules from its prior iteration, but some say it’s still...
Banks on higher alert for credit weakness
In his 50 years as a customer of The Washington Trust Co., John Bellone has never deferred a loan payment. Not through the 2008...
Fed’s loan program missing mark
Across Rhode Island and the country, the Federal Reserve’s Main Street Lending Program has not lived up to its potential.
The program sought to help...
Five Questions With: Peter Nigro
Peter Nigro is the Sarkisian chair in financial services at Bryant University. He spoke to PBN about the economic outlook for 2020 and the...
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