With fierce competition, deposit building in and around Boston has been a challenge for many banks.
When Webster Bank expanded into Boston in 2016, its goal was to raise $1 billion in deposits within the first five years. And at the beginning of this year, the bank reported being on target to hit that goal.
JPMorgan Chase flipped the Boston banking market on its head when it announced earlier this year that it would be opening 50 retail branches in the city and its surrounding areas. Now, another big bank may be ready to expand in the Bay State as well.
Sixty-eight percent of local Millennials said owning a home is a top priority, according to Bank of America’s recent Homebuyer Insights Report.
Boston Community Capital has changed its name to BlueHub Capital to reflect a growing national presence, the company said in a statement.
As it searches for a site for its permanent headquarters, the Cannabis Control Commission (CCC) is considering 10 locations in Worcester, most of them in the city’s newly revitalized downtown core.
JPMorgan Chase has already received permission from state regulators to open six retail branches in the Greater Boston area, in Boston, Brookline, Dedham, Watertown and Newton. But a whole lot more are coming.
Fifteen metropolitan Boston area communities are coalescing around plans to build even more new housing than Gov. Charlie Baker proposed in his statewide bill.
Would you describe the Boston housing market as “hot,” with high demand and low supply?
Gas prices shot up 73 percent in 1973, the year OPEC lowered the boom on the U.S. economy. Pumps went dry and irate drivers queued up in long lines at service stations; some resorted to stealing precious fuel from their neighbors’ cars at night.
When Boston Mayor Marty Walsh announced four years ago that the city would create 53,000 new housing units by 2030, the general consensus was that it wasn’t enough, but at least it was something. But it turns out it’s really not enough – with the population of Boston now projected to reach nearly 760,000 by 2030, the mayor today announced the city will increase its housing production goal to 69,000.
Veteran brokers Tom Ragno and Stephen Lynch met for breakfast at Denny’s in Lexington, trying to hash out a stalemate over an office lease negotiation in downtown Boston.
Rogers & Gray Insurance has opened a new office in Quincy, the company’s 10th location in the state.
Unemployment in the Boston statistical metropolitan area was up 2.3 percent in July 2018 compared with the same month last year, according to a quarterly report by the U.S. Bureau of Labor Statistics.
People’s United Bank is growing its team and bolstering its commercial banking capabilities in Boston.
After raising $20 million in a series B round, the United Kingdom fintech firm Salary Finance has chosen Boston for its international headquarters.
When President Donald Trump signed into law the Tax Cuts and Jobs Act late last year, it created the most significant changes the U.S. federal income tax laws have seen in over three decades.
The U.S. Office of the Comptroller of the Currency announced earlier this month that it would begin accepting applications for national bank charters from fintech companies, a move that will likely streamline the regulatory process for pioneers in the banking space.
Digital Federal Credit Union, or DCU, has opened its new operations center in Chelmsford. The 129,000-square-foot office building is located at 297 Billerica Rd.
Short-term housing units rented through websites like Airbnb could be taxed at almost 17.5 percent in cities like Boston and Massachusetts would become the first state in the country to maintain a central registry under compromise legislation agreed to Sunday night by House and Senate negotiators.