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Issue of April 7, 2008 |     |
Credit Crunch Crashes Silver Hill, InterBayBy Amy Wyeth The Wall Street credit crunch is being cited as a key reason for last week’s decision by Bayview Financial to shut down one of its Massachusetts commercial lending divisions and reduce staff by half at the other. City Blazes Trail With Receivership Law By Amy Wyeth As he struggles to deal with hundreds of homes apparently abandoned after foreclosures, Worcester Housing Director Scott Hayman has noticed something. ‘Aftershock Seminar’ Speakers See Subprime Litigation Boom By Amy Wyeth The mortgage foreclosure crisis hit consumers first, but now, eyes are turning back toward the lenders accused of starting it. Connecticut-Based People’s United Financial Cuts 420 Jobs Bridgeport, Conn.-based People’s United Financial, parent company of People’s United Bank, announced last week that it has cut nearly 10 percent of its workforce. |
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