
Fed Chair Says Bank Accounts ‘Safe’ Despite Trump’s Teardown of CFPB
Jerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.
Jerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.
Enterprise Bank, which will be merging into Rockland Trust has boosted its commercial lending capabilities ahead of the combination.
Advocates for ditching the penny cite its high production cost – currently almost 4 cents per penny, according to the U.S. Mint – and limited utility.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Business confidence among companies in Massachusetts has stagnated to begin the new year while companies have also expressed concerns regarding President Donald Trump’s planned tariffs.
A Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
The word of the year is uncertainty. And while interest rates are always a major factor in the market, this year interest rates for mortgage loans are only part of a much larger story.
Brookline Bank has partnered with Stickball to provide an online, interactive financial literacy curriculum for bank customers and public schools students.
IC Credit Union made the biggest single philanthropic gift in its history, to a local Catholic high school trying to build an endowment to secure its financial future. See who else gave back.
Lab sites in Allston and the Fenway refinanced their debt after life science developer IQHQ Inc. received $900 million in additional investments from its long-term partners.
Noting an increasing demand for its lending products, The Cooeprative Bank of Cape Cod has made two promotions and hired a former member of its staff to its business banking division.
PeoplesBank and Cornerstone Bank say they have completed the merger of their holding companies into one $6 billion-asset entity.
The future of the nation’s top consumer financial regulator is in doubt, and that’s opening questions about the impact on local banks.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Brian Harrington joined Merrimack Valley Credit Union as its vice president of finance and treasury at an intriguing time. The financial institution is about to rebrand as it grows its footprint across three states.
Bristol County Savings Bank Gave $250,000 to help fund a new emergency department at Sturdy Memorial Hospital in Attleboro. See who else gave back.
The bank is in the process of forcing the sale of a downtown Boston office building for a residential conversion to remedy problems with a loan secured by the property.
Berkshire Bank executive say the bank has raised $100 million in capital to support its upcoming merger with Brookline Bank.
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
Rockland Trust has opened a new branch in Marlborough as the bank continues to expand its footprint in the Worcester and MetroWest areas.