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 the older end of their workforce.
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.
BSB Bancorp posted strong earnings driven by core deposits in the fourth quarter last year, representing the 14th consecutive quarter of growth for Belmont Savings Bank.
Last year, Marlborough Savings Bank and North Middlesex Savings Bank announced they would merge. This week, they got a fresh look and rebranded.
The newly-minted president’s pledge to repeal and replace the Affordable Care Act has also sparked murmurings about the role that health savings accounts, or HSAs, could play in supplementing the ACA’s replacement.
An Irish fintech firm with U.S. headquarters in Boston recently signed People’s United Bank as its first bank partner in America, the latest link in the fairly new tradition of bank and fintech partnerships.
Brookline Bancorp maintained earnings in the fourth quarter of 2016, beefing up its commercial real estate and commercial loan and lease portfolios while managing charge-offs in its taxi medallion business.
Fallout from the Wells Fargo account opening scandal is still reverberating throughout the banking industry, as bankers field questions over their incentive programs and ponder how else they might measure and reward performance among their branch staff.
Independent Bank Corp. boosted earnings last year while closing one acquisition and homing in on another, the company’s leadership said during its Friday earnings call.
A fresh spin on a familiar wire transfer scam is spreading through the banking world – and most bankers don’t hear about it until it happens to them.
Facing an uphill battle for deposits in the Greater Boston market, Webster Bank’s leadership said yesterday that they might consider subleasing some of the locations it snapped up here last year.
Meg McIsaac originally got into banking at her sister’s urging, interning at Bank of Boston and later enrolling in its management training program.
Regulators have had their eye on credit risk for some time, but with several rate increases forecast for 2017, bankers may do well to invest in business intelligence and data analytics tools to better mitigate that risk and root out fraud in a rising rate environment.
