Banking and Lending
As Goldman Sachs Group Inc. has unveiled more details about its strategy and financial targets to satisfy investor demands, Wall Street’s attention has turned to a business so small and new that there may not be much to disclose.
Marlborough-based Digital Federal Credit Union has abandoned Google, its primary vendor for enterprise search and discovery, in an effort to be more secure.
Morgan Stanley posted a much higher than expected quarterly profit on Tuesday as record revenue from its wealth management business helped offset the blow from a slump in trading activity.
Speaking at a conference in Boston Friday, Eric Rosengren said he also expects current low inflation, the main factor that could hamper projected interest-rate hikes, to get much closer to the Fed’s 2 percent target next year.
The common play for investors has long been to purchase shares in banks that are prime takeover candidates, hope they get sold and then collect a nice premium. But Sandler O’Neill, a firm that invests in banks in Massachusetts and nationwide, believes there’s a better approach.
Century Bancorp, the holding company of Century Bank, continued to increase commercial and industrial lending, while also reporting double-digit income growth in the third quarter of this year.
As home prices rise, a larger percentage of first-time buyers are putting down less than 20 percent to buy a home, according to the October Down Payment Report from Down Payment Resource.
A convicted bank robber from Revere will serve over eight years in prison after he robbed 10 different banks in a span of just 19 days during the months of December 2016 and January 2017.
Dedham Institution for Savings has notified state regulators that it intends to reorganize into a mutual holding company, signaling that a potential merger may not be far down the road.
Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 6, 2017.
The Community Reinvestment Fund has issued $100 million in federally guaranteed bond funding to Aura Mortgage Advisors, an affiliate of nonprofit Boston Community Capital, through the U.S. Department of the Treasury’s CDFI Bond Guarantee Program.
Citigroup Inc. reported a higher quarterly profit as it kept costs lower, recorded a large gain from an asset sale and had a smaller-than-expected decline in trading revenue.
Goldman Sachs Group Inc. is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.
Four credit unions and three community banks received grants from the commonwealth’s Workforce Training Fund Program to cover costs associated with employee training, developing worker skills, increasing productivity and enhancing the competitiveness of Massachusetts’ businesses.
Loan performance remained flat in July 2017 after hitting 10-year lows the previous month, according to a report released today from CoreLogic, a global property information and analytics firm.
As credit unions, large banks and community banks plunge deeper into the Small Business Administration loan market, the competition may drive financial institutions to offer better rates and loan terms to consumers, issue more SBA 504 loans and spur innovation.
Many cities in other parts of the country have grown faster than cities in Massachusetts over the last seven years, according to a recent WalletHub study.
Employers in Massachusetts felt more optimistic about the state’s economic outlook in September than they have all year.
The financial services firm behind Wall Street’s “Fearless Girl” statue agreed to pay $5 million to settle federal allegations that it paid female executives less than their male counterparts.
Commerce Bank, IC Federal Credit Union and Main Street Bank are among the organizations featured in this week’s roundup.
Banking & Lending Top
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