Banking and Lending
This week’s roundup features a slew of financial institutions handing out scholarships.
The managing partner of a Waltham-based investment advisory firm was sentenced today in federal court in Boston in connection with a securities fraud scheme known as “cherry-picking” that netted over $1.3 million.
The Massachusetts Divisions of Banks issued a letter last week clarifying whether or not an employee of a nonprofit entity who originates a mortgage needs to be licensed by the commonwealth.
One of Europe’s biggest pension funds is adding its voice to the list of investors shaming executives they think earn too much.
A Boston man was recently charged in federal court in Boston with bank robbery.
Electronic trading in the $900 billion leveraged loan market celebrates its one-year anniversary Friday.
Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.
East Cambridge Savings Bank, MGM Springfield and the Polish National Credit Union are among the organizations announcing changes to personnel in this week’s roundup.
The Dodd-Frank Act has been characterized as the financial industry’s version of the PATRIOT Act – drafted in a time of trauma. Now the nation’s financial sector is out of the ICU and into recovery and the next step will be to discharge it back home. But what, exactly, constitutes “home?”
When it comes to industries, Wall Street is about as male-dominated as they come. So many people just assume that men are better investors. And they would be wrong.
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 9, 2017. Last week’s results included an adjustment for the Memorial Day holiday.
The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market.
U.S. residents with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion in the year since the first quarter of 2016, an increase of 11.2 percent, according to a recent report from CoreLogic, a global property analytics firm.
The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery.
It’s been a big week for promotions and appointments in banking, real estate and construction firms.
Auto loan balances have reached a record high, fueled by steady sales growth in the post-recession economy. And as auto prices rise, auto loan terms are getting longer. Are consumers becoming overleveraged in their car purchases? Not necessarily, say auto lenders and industry experts. Subprime auto lending, which ramped up significantly after the recession, hit the brakes last year as big banks, fearing a runup in delinquencies, pulled back and went in search of consumers with higher credit scores for both new and used vehicles.
Authorities have arrested two men they say were responsible for a yearlong string of break-ins at automated bank teller machines in Massachusetts, Connecticut and New Hampshire.
Mortgage rates dropped into the low 4 percent/high 3 percent range last week and applications ticked up as a result, according to the Mortgage Bankers Association’s latest report.
The Greater Boston Real Estate Board, Liberty Bay Credit Union and Skanska USA are featured in this week’s roundup of organizations giving back to their communities.
- Red Sox Hall Of Famer Buys Hingham Luxury Condo
- Luxury Apartment Inventory Set To Grow
- Somerville Cold Storage Conversion Hits Market
- Court Shoots Down CVS In Development Dispute
- Skanska Wins $113M Boston College Rec Center Job