The bank plans to reduce its lending to multifamily real estate projects as part of a broader effort to shrink its commercial real estate book, in part to make room for loans to developers who are customers at its new private bank.
Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
Rhode Island-based bank Citizens is exiting the wholesale mortgage lending business, five months after exiting the indirect auto lending business, as well.
Rhode Island-based Citizens recently launched a pair of payment and invoicing products aimed at meeting what it believes are in-demand services for the region’s small businesses.
Citizens Bank says it caught the problems with its credit card billing practices back in 2015, and has already fixed the issues.
The national economy is running out of steam and further declines in home prices are expected, economists at Fannie Mae forecast, but interest rates could start falling by year’s end.
Citizens Bank has launched a deposit account to help its corporate clients acquire carbon offsets to help companies transition to a lower carbon economy and meet environmental, social and governance goals.
Providence-based Citizens Financial Group Inc. plans to acquire an online college planning platform that the bank said would strengthen its ability to advise prospective college students.
While over half of teenagers say they feel unprepared to finance their futures, more young people use mobile or online apps to manage money compared to before the pandemic, according to new research from Providence-based Citizens and Junior Achievement.
Citizens has launched a new product that will let corporate clients give employees on-demand access to their earned pay, the Providence-based bank said in a statement.
With low rates driving mortgage refinance activity again last year, lenders also saw a strong demand for purchase mortgages as lifestyle changes brought on by the pandemic continued to drive prospective homebuyers.
Providence-based Citizens Financial Group Inc. has completed the acquisition of 80 HSBC Bank U.S.A.’s East Coast branches, as well as HSBC’s national online deposit business.
The ability to offer real-time payments has become the most important factor business leaders consider when choosing a banking partner, according to Citizens’ annual payments and treasury survey.
Providence-based Citizens Financial Group plans to use its upcoming acquisitions, including HSBC’s digital bank, to help fuel its expansion nationally.
Almost three-quarters of consumers and businesses said the pandemic has permanently changed how they interact with financial institutions, according to a recent survey by Citizens Bank.
A new program from Citizens Bank will allow corporate clients to direct their cash reserves toward companies and projects that are expected to create a positive environmental impact, the bank said in a recent statement.
