Massachusetts

In Massachusetts, a call for a public bank to serve pot firms

02/22/18

With the state only months away from allowing the sale of pot for recreational use, its top cannabis regulator is urging policymakers to consider creating a public bank to provide services to growers and dispensaries that might otherwise have nowhere else to bank.

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The perks and pitfalls of speaking out on social media

02/20/18

Bob Rivers, CEO of Eastern Bank, was praised and criticized after he called out a Boston sports radio station whose on-air personalities made insensitive remarks. The incident underscores why bankers must be mindful about the positions they take.

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Lasting commitment is this bank's selling point for tech startups

02/09/18

Cambridge Bancorp in Massachusetts is looking to prove to entrepreneurs that it is in the business for the long haul.

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Community bankers fear big-bank cafes will eat their lunch

02/08/18

Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing deposits to their larger rivals.

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HarborOne expands New England mortgage business with latest acquisition

01/31/18

The Massachusetts bank — and former credit union — bought Cumberland County Mortgage in Maine.

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The community outreach tool that might be creating future bankers

01/29/18

Scholarship programs for high schoolers and college students can also promote banking as a viable career option and serve as a channel for bringing in new business.

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State Street profit climbs 19% on new asset-servicing contracts

01/23/18

The new tax law took a one-time bite out of fourth-quarter results, but higher rates strengthened yields and new business boosted fee income.

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BNY Mellon's 4Q assist from tax law: $427 million

01/18/18

BNY Mellon plowed some of its tax law savings into restructuring efforts.

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College president becomes first woman to lead Eastern Bank's board

01/09/18

The Boston mutual touted Deborah Jackson's role in promoting social justice and sustainability causes.

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For banks, DOJ reversal on pot will have 'chilling effect'

01/04/18

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

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