While three-quarters of U.S. small businesses want to receive financial advice from their bank, most do not receive the kind of comprehensive advice that would help a small business grow, according to a recent study from J.D. Power.
The New York attorney general’s office late Tuesday told a court its investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.
A year-old Seaport District apartment tower touted for its high-tech resident amenities has been acquired by New York-based Kohlberg Kravis Roberts Inc. for $332 million.
When Holyoke-based PeoplesBank launched a digital-only bank earlier this year, it wanted to find customers – not in its local market, but in Alaska and Wisconsin.
Small businesses reported more satisfaction with banks during the pandemic compared to previous years, according to a recent J.D. Power survey, but the size of the business and success with the Paycheck Protection Program affected satisfaction.
The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders.
The parent company of Fidelity Investments had announced the spin-off of Akoya as an independent company that will be jointly owned by Fidelity, The Clearing House Payments Co. and 11 of its member banks.
Data breaches through hacking attacks are distressingly common these days, and personal details about victims can lead to identity theft, such as credit cards and loans in a victim’s name. But it’s hard to pin the blame on any specific hack, as the most sophisticated criminals combine data from multiple attacks to better impersonate their targets.
A security breach at Capital One Financial, one of the nation’s largest issuers of credit cards, compromised the personal information of about 106 million people, and in some cases the hacker obtained Social Security and bank account numbers.
Boston Global Investors, the development firm that led the master planning for the 6.3-million-square-foot Seaport Square development in Boston, has sold 55 Seaport Blvd.
Capital One Financial will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have pushed away borrowers and slowed loan growth at many U.S. regional banks.
