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Banking & Finance

Citizens profits jump for quarter, 2014

The parent company of Citizens Bank, which operates about 30 branches in Central Massachusetts, saw a 4-percent jump in profits in the fourth quarter of 2014, finishing the year with an 18-percent...

Banks to pay Mass. $2.7M in foreclosure accord

Four of the nation’s largest banks have agreed to pay $2.7 million and repair defective property titles to resolve claims that they unlawfully foreclosed on properties in Massachusetts to which...

VCs had strongest year since 2007

Venture capital firms in the United States raised the most money in seven years in 2014 in spite of a 9-percent drop in the fourth quarter, a new report said Monday.

United Bank to close 2 Central Mass. branches

United Bank has announced it will close branches in Northborough and Whitinsville as part of a restructuring that will save it approximately $3 million annually, the Connecticut-based bank said.

AG investigating Santander subprime auto lending practices

Sam Bonacci |

Massachusetts Attorney General Martha Coakley's office is investigating Santander Bank's subprime auto lending practices amid national concern over the predatory lending that led to the recession...

In banking, rising interest rates, as well as use (and abuse?) of technology

Sam Bonacci |

Bankers in Central Massachusetts are keeping one eye on the local economy for signs of recovery and the other on Washington for signs of trouble.

What's the outlook for 2015?

There was more optimism among Central Massachusetts business leaders heading into 2014. There's even more heading into 2015. Here are the results of this year's Economic Forecast survey, along with...

TD Bank to pay $625,000 in data breach case

STATE HOUSE NEWS SERVICE |

TD Bank will pay $325,000 in civil penalties and has agreed to give prompt notice of future data breaches and to comply with state data security rules as part of a settlement announced Monday in...

How do you balance online security with customers' web access needs?

Sam Bonacci |

In the last year, data from 96 million credit cards were exposed during breaches at Home Depot and Target. The online security of the U.S. State Department, the White House and other...

Good quarter for credit unions

CAROL MCDONALD |

Federally insured credit unions experienced the highest loan growth since 2006 during the quarter that ended Sept. 30, the National Credit Union Administration (NCUA) reported Thursday. It was the...

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