Berkshire Launches Personal Loan Partnership
Berkshire Bank has partnered with financial technology firm Upstart to launch a new lending platform that could lead to $100 million in consumer loan originations annually.
Former Bank Manager Pleads Guilty to Tax Refund Scheme
A former branch manager at Webster Bank and Citizens Bank pleaded guilty yesterday to participating in a tax-preparation scheme that targeted one of Greater Boston’s immigrant communities.
Report Pours Cold Water on ‘Silver Tsunami’ of Inventory
A new survey, raises questions about whether seller’s agents and housing policy experts can look to seniors for a fresh pulse of housing inventory just as Millennials are in their prime homebuying years.
JLL Buys Boston Proptech Firm
Commercial real estate brokerage JLL has bought the Boston-based property management software firm Building Engines in what it called a “strategic acquisition.”
CT, NY Regulators OK People’s United-M&T Merger
One of the biggest bank mergers in the Northeast this year is one step closer to becoming reality after key state regulators signed off on the deal.
FSOC Endorses Efforts to Address Climate Risks
U.S. financial regulators on Thursday approved a series of steps toward addressing the dangers that climate change poses to the nation’s financial system.
Fed Imposes Sweeping New Limits on Policymakers’ Investments
The Federal Reserve is imposing a broad new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. The Fed announced Thursday that its policymakers and senior staff would be...
Green Line Extension Delayed Again
The MBTA will postpone the opening of a Green Line Extension stop in Somerville by three months, and the already-delayed May 2022 goal for the remainder of the megaproject may also run into issues, officials announced Thursday.
Second Home Demand Rebounded in September, Buoying Cape Market
Nation-wide demand for second homes rebounded in September at the same time as Cape Cod real estate observers say buyer demand stayed strong last month as the Delta variant gave remote workers a reprieve from changes to companies’ work-from-home policies.
Boston Drops Parking Requirement for Affordable Projects
Boston city councilors supported elimination of on-site parking requirements for developers of 100 percent affordable housing projects, in a reform that sponsors predict will eliminate a common source of legal challenges.
Lawrence’s Oldest Mill Building Cleared for Apartment Conversion
WinnCompanies will break ground early next year on a $34 million residential conversion of Lawrence’s oldest mill building after receiving the final piece of its financing package.
Two Years Later, WeWork Attempts IPO No. 2
WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago.
Homeowners Stunned By Oil Tank Liabilities
A law that took effect in 2010 required insurers’ to make coverage available for heating oil spills, provided that the homeowner meets prescribed guidelines around the upkeep of the tank. But lawmakers say next to no homeowners know insurance is available for costs that can easily run into the hundreds of thousands of dollars.
Bank Groups Reject Tweaks to Biden’s Financial Reporting Proposal
Democrats have updated a Biden administration proposal that would require that banks and credit unions report account activity to the Internal Revenue Service, but trade groups remain opposed to the plan.
Cambridge Trust Optimistic About Loan Growth
While the deposit surge during the pandemic has left many banks dealing with more liquidity but fewer opportunities for lending, Cambridge Trust Co. remains optimistic about loan growth and continues to seek new deposits.
Zillow Research: Boomers Helped Drive 2020 Demand Surge, Too
It’s been common knowledge since mid-2020 that Millennials were the big reason the Massachusetts housing market has been going haywire. But new research from Zillow suggests the blame get spread around to include Baby Boomers.
Report: Boston Construction Sites Not Meeting Equity Rules
Rules in Boston that set minimums for the participation of city residents, women and people of color as workers on construction projects are not being met by the vast majority of top projects.
Janey Applauded for Action on Mass. & Cass Encampments
The city of Boston and the Baker administration will partner on a centralized command structure to respond to the worsening addiction and homelessness crisis anchored in the area known as “Mass. and Cass.”
A.W. Perry Buys Everett Property with ‘Future Development’ in Mind
A.W. Perry is expanding its footprint in Everett’s transforming industrial district with the acquisition of a half-acre property at 15 Garden St.
Country Bank to Open Springfield Business Office
Ware-based Country Bank, which has branches in Central and Western Massachusetts, will open a new Springfield office later this month for business customers.
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