Banking & Finance

The modern Massachusetts economy has been growing for 400 years, since settlers first landed in Plymouth in 1620. And for 245 of those 400 years – more than 60% – the Massachusetts economy was tied to the legal institution of slavery.

The Worcester Redevelopment Authority approved Friday morning a deal giving the city the land where the Polar Park baseball stadium is being built and where the minor league Worcester Red Sox will play in April.

Marlborough’s Dalbar Inc., an independent auditor of financial institutions, has released a new study in which it reportedly found gaps in the ways banks approach COVID-19 safety.

Chris Geehern, executive vice president for public affairs and communications at the Associated Industries of Massachusetts, details the reasons behind Massachusetts employer pessimism in AIM's Business Confidence Index and predicts how long it will be before businesses in the state are optimistic again.

Cornerstone Bank CEO Michael Robbins will retire at the end of the calendar year, after 34 years of working with the financial institution, the Worcester bank announced on Thursday.

Valentin Gapontsev, the founder and head of Oxford laser manufacturer IPG Photonics, has for the first time made the Forbes 400 list of the country's wealthiest people released Tuesday.

The coronavirus pandemic and the economic pain it is causing has brought a flood of new deposits to banks in Central Massachusetts and nationally. But banks are also putting aside far more money for potential loan losses.

GFA Federal Credit Union of Gardner and Arizona-based tech company Hypur have partnered to provide digital contactless payments, curbside pickup and increased delivery options for cannabis companies who do business with the credit union.

Clinton Savings Bank has named former Unibank vice president Marina Taylor as its new senior vice president and commercial lending officer, the financial institution announced on Tuesday.

Despite the economic recession amid the coronavirus pandemic, executives from JPMorgan Chase, who are growing their presence in Central Massachusetts, are saying both Greater Worcester and the nation as a whole have good reasons for economic optimism.