FDIC to Increase Scrutiny of Banks’ CRE Lending
With banks holding record volumes of commercial real estate loans, the FDIC plans to increase its focus on CRE transaction testing during its next cycle of bank examinations.
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Eastern’s Insurance Division Makes Another Acquisition
Eastern Bank’s insurance division has made its second acquisition this year and its 36th acquisition over the past 20 years.
Boston, Worcester Markets Stay Competitive as Bidding Wars Taper Off
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in Greater Boston between June and July – but it’s still stronger than in many metros.
MBTA Inches Closer To Plan On Orange Line Alternatives
Tens of thousands of Boston-area commuters who will have their trips upended for a month by an imminent MBTA shutdown could get a clearer look at available travel alternatives on Friday.
Boston’s Newbury Street Will Close to Cars Weekly
Boston’s biggest shopping street will be closed to cars every Sunday through the end of September in a dramatic move city leaders say will draw more foot traffic to stores and restaurants.
Baker Signs Gas Ban Pilot into Law
By James Sanna | Banker & Tradesman Staff | Aug 11, 2022 | Reprints | Unlock Link 
Gov. Charlie Baker has signed a major climate bill into law, despite “agita” a controversial section gave him.
Boston Asks Developers to Disclose WMBE Participation
Developers of large projects proposed in Boston will be asked to disclose their plans to ensure project teams are diverse, Mayor Michelle Wu announced Thursday morning.
Boston Man Sentenced for Bank Fraud
A Boston man was sentenced to more than two years in prison for his role in online fraud schemes that involved opening at least 16 bank accounts at seven banks.
Cape Cod 5 to Expand in Plymouth
Hyannis-based Cape Cod 5 plans to expand further in Southeastern Massachusetts with two branches in Plymouth.
Advocates Applaud Final Transit-Oriented Zoning Rules
Several Boston suburbs will their required multifamily zoning districts shrink under the state’s MBTA Communities zoning reform. But advocates say compromise regulations are still valuable progress.
Baker Seeks Order for Battery Electrification of Commuter Trains
Gov. Charlie Baker is asking the state legislature to direct the T to pursue a new technology to electrify the MBTA’s commuter rail system.
Explainer: Mixed US Inflation Signs. Where Are Prices Going?
With gas prices continuing to fall, inflation is probably slowing further this month. So has the worst bout of inflation in four decades possibly peaked?
Jack Henry to Acquire Payrailz
Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a digital payments company used by several Massachusetts lenders.
New Brighton Apartment Complex Sold for $145M
A private equity firm has paid $145 million to acquire a newly-completed apartment complex on Soldiers Field Road in Brighton.
Jumbo Capital Sells Lowell Property After Lease Extension
Quincy-based Jumbo Capital has sold an office-lab property in Lowell to Rhino Capital for $12.4 million after extending a full-building lease with the existing credit tenant.
Two Century 21 Offices Jump Ship for Senné
Boston-based real estate brokerage and investment firm Senné is getting 51 new agents by absorbing an Arlington and a Cambridge brokerage.
Gas Bans Gives Baker ‘Agita’ as He Weighs Climate Bill
One day from his deadline to act, with his proposed changes to the bill already adopted or rejected and his departure from office nearing, Baker is weighing his legacy.
Baker Disputes Wu’s Prediction Of MBTA ‘Chaos’
While Boston’s mayor projects a month-long Orange Line and partial Green Line shutdown will unleash “chaos,” Gov. Charlie Baker said Tuesday he feels confident that recent subway closures have gone more or less smoothly.
Inflation Slips from 40-Year Peak but Remains High
Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.
KeyBank to Use BlueSnap’s Payments Platform
KeyBank has selected Waltham-based fintech BlueSnap to provide a global payments platform for some middle-market clients.
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