- Rhode Island
Amid shrinking yields, rising delinquencies and repeated warnings from regulators about frothy market conditions, several banks said on earnings calls that they plan to scale back or hold the line on indirect auto lending.
October 21 - Rhode Island
Citizens Financial posted significantly higher profits in the third quarter thanks to a one-time boost to fee income and growth in loans and deposits, though the gains were held down by increases in both expenses and provision for credit losses.
October 21 -
A Morgan Stanley unit was accused by Massachusetts officials of forcing its financial advisers into high-pressure sales contests to cross-sell so-called securities-based loans and other products to clients.
October 3 -
State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.
June 10 -
Citizens Financial Group in Providence, R.I., has hired Randall Black as chief accounting officer and controller. He will start at the company on April 18, succeeding Ronald Ohsberg.
March 23 - Rhode Island
Citizens Financial Group will build a new office complex in Johnston, R.I., and consolidate about 3,200 workers at the location.
March 9 - Rhode Island
Wells Fargo and a Rhode Island government agency were sued by a U.S. regulator for allegedly misleading investors about how much money a company led by former Boston Red Sox pitcher Curt Schilling needed to develop a video game.
March 7 -
Citizens Financial Group in Providence, R.I., plans to repurchase $125 million in subordinated notes to improve its efficiency and capital structure.
March 2 - Rhode Island
Nancy Shanik, who had been Citizens' chief risk officer since 2010, will retire on May 31. Malcolm Griggs will succeed her on April 1.
February 25 - Massachusetts
Eastern Bank has hired the Massachusetts market president of Citizens Bank, Quincy Miller, to be its chief banking officer.
February 2