Potential warning flags cropping up in the auto finance market nationwide are prompting state regulators to take a closer look at auto financing here in Massachusetts.
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon.
Federal regulators could reduce regulatory burden on banks by simplifying capital rules, streamlining call reports and increasing the appraisal threshold for commercial real estate loans, a consortium of regulators told Congress this week.
Rockland Trust’s investment management division recently passed $3 billion in assets under management, owing largely to efforts to build its client base combined with Rockland’s acquisition activity, the bank said.
Like so many others in banking, Anne Cerami says she got into her field mostly by accident, when a recruiter suggested a commercial real estate gig at Shawmut Bank 25 years ago. Since then she’s held a variety of roles, including credit analyst, commercial lender and SBA manager. Now with TD Bank
High-profile data breaches of the Home Depot flavor may grab headlines, but smaller businesses are an increasingly attractive target for cybercriminals – and the shrapnel from those attacks hits their banking institutions.
The Fed’s decision yesterday to inch the federal funds rate upward signaled its cautious confidence in the U.S. economy, but it ruffled few feathers in the Massachusetts real estate market.
Well, readers, I’ve got pie on my face today. I’ve written about more than one bank rebranding recently, and one of those was Reading Cooperative.
As community banks and credit unions start to think about potential fintech partnerships, they may want to consider how they can use fintech for a social good and possibly reach underserved segments of their market.
Community bankers who met with President Donald Trump yesterday expressed optimism that the president would tackle the issue of regulatory relief for smaller financial institutions.
Exhorting its audience to “Join Us for Good,” Eastern Bank launched its latest brand campaign this week, in anticipation of its bicentennial next year.
I’ve always been interested in demographic trends and what that means for the industries we cover here at B&T. In this week’s paper, I wrote about how employers are looking at
Faced with the stark reality that an aging workforce costs more, financial institutions and other employers are striving to reconcile their balance sheets with their employees’ wellbeing. It’s another facet of shifting demographic trends: Baby Boomers are rapidly approaching retirement age
Shanna Cahalane never really thought she’d get into banking. She landed at Reading Cooperative in 2008 – during “the apocalypse of job hunting” – after the nonprofit she’d been working for was forced to close.
Bruce Howell knew from a young age that he would eventually go blind. At 11, he was diagnosed with retinitis pigmentosa, a degenerative eye disease for which there is no cure. He retained most of his vision through high school and college and enjoyed a 15-year career in retail banking.
Millennials – can’t live with ’em, can’t grow without ’em. And if the banking industry is to survive, it needs to get smart about attracting and retaining Gen Y employees among its ranks.
When Marlborough Savings Bank and North Middlesex Savings Bank merge this spring, they’ll emerge as one entity under an entirely new name: Main Street Bank.
Former wrestling magnate and two-time Senate candidate Linda McMahon was easily confirmed to head up the Small Business Administration yesterday with a vote of 81–19.
It’s good to be at the top – and for as much regulation and uncertainty as the banking industry faces, a healthy economy and the mass migration of Baby Boomers into retirement could set up some attractive career opportunities for younger bankers in the not-too-distant future.
Allen Chaves began his career in the insurance industry on a Monday morning, after collecting his diploma the previous Friday evening.