Massachusetts residents send billions of dollars every year using money transmission platforms like Venmo, PayPal and CashApp – but with zero state consumer protections.
Coming from the world of government administration, Rafia Zahir-Uddin has helped JPMorgan Chase to organize significant community investments in Massachusetts as its vice president for corporate responsibility.
As banks experiment with new uses for AI, it’s showing up in some surprisingly old-fashioned ways in familiar places.
Berkshire Bank scored another high-ranking hire from the former Silicon Valley Bank and announced plans to relocate a downtown Boston branch to support its growing private banking team.
Boston will be one of five cities in five states to get Santander’s new experiment in stripped-down branch formats.
First Citizens Bank will finally plant its flag in Greater Boston roughly a year after buying Silicon Valley Bank following the latter’s March 2023 collapse.
In new quarterly projections they issued, Fed officials forecast that stronger growth and stubborn inflation would persist this year and next, meaning the central bank’s benchmark interest rate will stay higher for longer.
Two weeks ago, Chair Jerome Powell suggested that the Federal Reserve was “not far” from gaining the confidence it needed that inflation was headed sustainably down. It was a tantalizing suggestion.
Holyoke Credit Union has named its new leader: James T. Wolohan.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Communities “outside of Boston” will share a $1 million fund to help plan for the conversion of office spaces to housing, Gov. Maura Healey announced Friday.
Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Housing developers looking to get shovels in the ground.
North Shore Bank announced its employees recently presented the Reading Food Pantry with a $1,200 contribution raised via one of its regular Jeans Day events. See who else gave back.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Massachusetts banks, credit unions and mortgage companies all took major hits in residential lending, but there were a few brights spots that helped some lenders come out on top.
Robert Cashman’s life has been intertwined with Metro Credit Union from the start: his grandfather founded it and his father led it. Now, he’s leading the Chelsea lender to new heights.
A sweeping bank regulatory proposal will be significantly revised by year’s end, Federal Reserve Chair Jerome Powell said Thursday, a potential victory for the large banks that have aggressively opposed the likely changes.
The Community Builders, a national nonprofit developer of affordable and supportive housing, now has $1 million courtesy of TD Bank to scale up its Home Room housing instability pilot program.
A Boston developer will use $5.1 million in financing from Rockland Trust to convert a Financial District office building into 15 apartments.
Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2 percent target.
