PROVIDENCE, R.I. -- In the rough-and-tumble world of New England banking, it's "either grow or you will be taken over," says Fleet Financial Group Vice Chairman Michael Zucchini.

That's the reason Providence, R.I.-based Fleet is trying to raise $300 million through one of the most severe cost-cutting programs in the industry.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.