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2023-03-31 09:30:15 ET With a report that the Federal Deposit Insurance Corp. is considering having big banks bear a larger share of the cost of recent bank failures than smaller banks, Citi analyst Keith Horowitz estimated that the increased assessment means ~3.5% headwind for 20...
2023-03-30 10:40:04 ET Citizens Financial ( NYSE: CFG ) said Thursday it had conducted appropriate diligence in offering its customers a financial product that later became entangled in a criminal investigation related to the insurance company that underwrote the product. ...
2023-03-29 16:33:22 ET A subsidiary of Citizens Financial Group ( NYSE: CFG ) is being investigated by Massachusetts securities regulators regarding the company's sales of a savings product offered by an insurer controlled by an indicted financier, according to a media report. ...
The Citizens Charitable Foundation announced today a $1.25 million grant to the Local Initiatives Support Corporation (LISC) to fuel digital inclusion in historically marginalized communities, helping residents build the skills they need to compete for jobs. “Citizens is committed to h...
As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its first quarter 2023 earnings on April 19, 2023. The news release and supplemental materials will be available at http://investor.citizensbank.com . CFG management will host a live conference call that morning w...
2023-03-24 15:00:44 ET Citizens Financial Group ( NYSE: CFG ) is preparing to submit a bid for the private banking unit of Silicon Valley Bank, which was taken over by regulators after a bank run earlier this month, Reuters reported, citing to people familiar with the matter. ...
2023-03-24 04:52:34 ET "Looking ahead, the longer that financial conditions remain tight, the greater the risk that stresses spread beyond the banking sector, unleashing greater financial and economic damage than we anticipated," Moody's wrote in its latest global credit conditions repo...
2023-03-21 07:34:54 ET Officials at the U.S. Treasury Department are reportedly studying ways to guarantee all bank deposits if tremors in the banking system spiral into a full-blown financial crisis. Authorities don't yet see full FDIC coverage as necessary, but they are exploring a le...
2023-03-14 08:22:30 ET Western Alliance Bancorporation ( WAL ) +36% takes additional steps to bolster liquidity. PacWest Bancorp ( PACW ) +34% . First Foundation ( FFWM ) +20% . Metropolitan Bank Holding ( MCB ) +14% . Moment...
Given recent market developments, Citizens has seen higher than normal interest from prospective new customers over the past few days. In an effort to further support these potential new customers as they navigate ongoing market uncertainty, Citizens will temporarily extend hours at branches acro...
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Corporate revenue rises as markets turn more favorable The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that econ...
2024-07-25 10:45:04 ET Avantor Inc. (AVTR) AVTR is trading UP for the last 5 days, and it at trading at $22.39 with volume of 6,161,926 and a one day change of $0.02 (0.07%). Avantor Inc. has a 52-week low of 16.63 and a 52-week high of $26.16. The business's 50-day moving average p...
2024-07-20 12:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...