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Citizens Financial Group Announces Prime Rate Change
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Citizens Financial Group Announces Prime Rate Change
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Citizens Bank promotes Victor Notaro to lead mid corporate team in Pittsburgh area that serves companies with sales ranging from $500 million to $3 billion
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Citizens Business Conditions Index™ Finds Recovery Continues Amid Increased Vaccinations, Fiscal Package
April 30, 2021 GMT
PROVIDENCE, R.I. (BUSINESS WIRE) Apr 30, 2021
Citizens announced today that continued economic recovery from the shock of COVID-19 kept the past quarter’s national Citizens Business Conditions Index™ (CBCI) in upbeat territory, with another healthy reading of 53.3. This compares with the fourth quarter reading of 56.0. A reading above 50 is considered expansionary.
Better-than-expected vaccination rates buoyed the outlook for many Americans, while a newly signed fiscal relief package provided additional stimulus checks, as well as support for the unemployed and for state governments. These developments helped to boost business activity and put the recovery on more stable footing, based on CBCI indicators. This momentum extended across both manufacturing and