Citizens Bank parent recruits former State Street exec to be its next CFO
Advertisement
Citizens chief executive Bruce Van Saun said in a statement that Banerjee is a perfect fit for Citizens because of his leadership experience in financial services and his work overseeing 'transformation optimization programs' in the industry. His arrival comes as Citizens embarks on what Van Saun calls its 'Reimagining the Bank' initiative, aimed at using artificial intelligence to redesign key banking services.
Advertisement
The announcement comes a few weeks after Barclays posted a brief video interview with Banerjee on LinkedIn.
'My passion really came from a quote which says, 'It's not the fastest or the strongest or the most talented team which wins all the time but the team which always wins is the team that believes it can,' ' Banerjee said in that spot. 'So my passion is to ensure that ... we build that winning spirit in a team.'
At the time, he was talking about Barclays. But pretty soon, he'll be putting his team-building skills to work at Citizens.
This is an installment of our weekly Bold Types column about the movers and shakers on Boston's business scene.
Jon Chesto can be reached at
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
26 minutes ago
- Newsweek
Map Shows Tax Cuts Promised by Trump Administration Across 50 States
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Tax Foundation, a nonpartisan Washington-based think tank, has produced a map forecasting the effects of President Donald Trump's One Big Beautiful Bill Act on taxes across the United States, broken down to the county level. The White House's website reposted the map, noting that the Tax Foundation said Trump's package would "reduce federal taxes on average for individual taxpayers in every state" and create almost 1 million jobs. Newsweek contacted the Tax Foundation for comment on Saturday outside regular office hours. Why It Matters Trump signed his One Big Beautiful Bill, the centerpiece of his economic agenda, into law on July 4 after it narrowly passed both the House and Senate. The Congressional Budget Office has said the legislation will add $2.4 trillion to the U.S. national debt, a forecast that contributed to a falling out between Trump and his previous close confidant Elon Musk. The One Big Beautiful Bill included sweeping tax cuts, reduced spending on Medicaid, and additional funding for the military and border security. It also raised the U.S. debt ceiling by $5 trillion. What To Know On Wednesday, the Tax Foundation published a study forecasting the effects of the One Big Beautiful Bill on taxes paid by the average American on a county-by-county basis between 2026 and 2035. This was accompanied by a map showing the breakdown by county over this period. Two days later, the White House published a news release welcoming the study, which included a screenshot of the Tax Foundation's map taken for 2026. According to the Tax Foundation, the average tax cut per American for 2026 will be $3,752 because of Trump's spending package. This is forecast to fall to $2,505 in 2030 as some measures expire before increasing again to $3,301 in 2035. A map produced by the Tax Foundation showing the effects of President Donald Trump's One Big Beautiful Bill in 2026 on a county-by-county basis. A map produced by the Tax Foundation showing the effects of President Donald Trump's One Big Beautiful Bill in 2026 on a county-by-county basis. Tax Foundation The states forecast to see the largest tax cuts in 2926 are Wyoming ($5,375), Washington ($5,372) and Massachusetts ($5,139). By contrast, the smallest cuts are expected in West Virginia and Mississippi—at $2,503 and $2,401, respectively. In its report, the Tax Foundation described the One Big Beautiful Bill as "the most significant legislative changes to federal tax policy since the 2017 Tax Cuts and Jobs Act," which was passed in Trump's first term. The president's One Big Beautiful Bill contained a number of tax cuts, including extending corporation and income taxes he imposed in the Tax Cuts and Jobs Act. It also raises the cap on state and local tax deductions over the next five years to $40,000 for those making less than $500,000 per year, reduces tax on tips and overtime pay, and phases out some of former President Joe Biden's energy tax credits. The Tax Foundation also projected that the One Big Beautiful Bill would produce about 938,000 jobs "over the long run," including 132,000 in California and 81,000 in Texas. What People Are Saying White House deputy press secretary Anna Kelly said in the news release: "President Trump's One Big Beautiful Bill is the largest, most consequential tax cut on the middle class ever. Now, the Tax Foundation—the leading nonpartisan tax policy nonprofit—confirms that. Between lower inflation, massive investments, and historic tax cuts, all Americans are reaping the benefits of the Trump Economy—and the Golden Age has just begun." What Happens Next While supporters of Trump's One Big Beautiful Bill may be buoyed by the Tax Foundation's report, which suggests it will result in widespread tax reductions and job creation, critics are likely to continue raising concerns about its effects on the national debt and Medicaid cuts.
Epoch Times
an hour ago
- Epoch Times
‘Failing My Way to Success': A Bumpy Road to Business Glory
The most obvious question that can be asked to a person who scored significant professional achievements is: 'What is the secret to your success?' A great answer to that inquiry can be found in 'Failing My Way to Success: Lessons from Forty-Two Years of Winning (and Losing) in Business,' a nifty autobiography by Phillip Cantrell. Cantrell, a Nashville-based real estate industry executive, self-identifies as having founded or controlled 10 different companies during four decades while also partnering in multiple joint ventures. Cantrell may not be a household name, but he's a gregarious raconteur with a fun story to tell. Indeed, his life's journey has given him unique insight into what is required to achieve professional accomplishments and move beyond embarrassing stumbles without sacrificing self-respect.
New York Post
2 hours ago
- New York Post
NYC mayoral candidate Zohran Mamdani's financial disclosure filings filled with discrepancies
Socialist NYC mayoral candidate Zohran Mamdani has scored nearly $10 million in public matching funds for his campaign, despite having serious discrepancies in his mandatory financial disclosure filings, The Post has learned. Mamdani, the frontrunner heading into November's general election, claimed in a recent filing to the city's Conflicts of Interest Board reporting his finances for last year that he has owned vacant land in Jinja, Uganda, valued at $100,000 to $250,000 since March 14, 2016, records show. Mamdani, who earns $131,000 annually as a Queens-based state assemblyman, also noted owning interest in two stocks valued at a combined $5,000 to $55,000 – MiTec and PBC – and having a retirement plan worth another $1,000 to $5,000. Advertisement 3 Mamdani received his matching funds despite the apparent discrepancy in his financial disclosure forms. Janet Mayer/ However, in annual financial disclosure statements for 2020 through 2024 filed with the state Legislative Ethics Commission, Mamdani, 33, said he took full ownership of the Uganda site four years earlier – in 2012. He also didn't list any stocks, instead claiming the only the securities he owned were valued at less than $2,000 from a retirement plan with the social-justice organization Chhaya where he worked in 2019. Advertisement The revelation that Mamdani's state filings contradict his city filings come while two of his top competitors, Mayor Eric Adams and ex-Gov. Andrew Cuomo, have been denied millions of dollars in matching funds by the city's Campaign Finance Board after being flagged for various violations. 'Every time you scratch the surface with this guy, more red flags emerge,' said defense lawyer Jim Walden, who is running for mayor as an Independent. 'Here, the obvious concern is that he is understating his wealth. He should come clean. If he can't be honest, add that to the growing list of disqualifiers.' A rep for the Campaign Finance Board declined comment. Advertisement Lisa Partelow Reid, executive director of the state Legislative Ethics Commission, said elected officials who knowingly make false statements to the commission could face fines of up to $40,000. If amendments are needed 'the assumption' typically is 'an inadvertent error' occurred, she said. 3 Mayor Adams was not given matching funds for his reelection campaign. Derek French/SOPA Images/Shutterstock There are no records of Mamdani amending his filings. Reid declined to discuss Mamdani repeating the same information on his stocks and land ownership in five straight annual state filings – but then providing different information in his COIB filing. Advertisement 3 Heavy security and phone jammers marked a recent three-day celebration at Mamdani's Ugandan compound. New York Post COIB Executive Director Carolyn Miller deferred questions about matching funds to the Campaign Finance Board but said 'filers regularly and routinely amend their annual disclosure reports to resolve discrepancies.' Hank Sheinkopf, a longtime Democratic political consultant, questioned whether the state and city entities — which are designed to be independent and apolitical — are ignoring Mamdani's discrepancies because they're worried about being accused of Islamophobia. 'It's hypocritical at best,' he said. Mamdani did not return messages. Additional reporting by Gabrielle Fahmy
