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The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.August 13
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The proposed combination would create a bank with $3 billion in assets in central Virginia.August 13
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As the discredited Libor interest rate benchmark enters its last months, some banks are turning away from the repo-based alternative that regulators prefer. What could go wrong?August 12
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The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.August 12
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A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.August 12
CEOFundation
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The head of the Federal Reserve Bank of Boston said the central bank had acquired stakes in 32 business loans as of Monday, four times the amount from two weeks earlier.August 12
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The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target.August 11
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Richard Marotta left the Boston company less than two weeks after a goodwill impairment charge contributed to a large quarterly loss.August 10
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MatlinPatterson, which once owned more than 60% of the Michigan company, has been paring back its stake in recent years.August 10
![“Much of the increase [in loans] has occurred recently, and I expect we will continue to see more activity as more firms are impacted by the pandemic,” said Boston Fed President Rosengren.](https://arizent.brightspotcdn.com/dims4/default/a501e72/2147483647/strip/true/crop/4000x2252+0+207/resize/460x259!/quality/90/?url=https%3A%2F%2Farizent.brightspotcdn.com%2F31%2F24%2F6942fc3a4ec4920c1f2aac8c5926%2Frosengren-eric-bl-081220.jpg)
