Banking & Finance

Responding to instability in the stock market that has shredded revenue estimates for next year, House and Senate leaders on Thursday will seek passage of a $39.15 billion budget accord for the fiscal year beginning Friday that slashes $750 million in projected revenue and $413 million in proposed spending.

The Leominster Credit Union reported its assets and loan portfolio saw steady growth to $627 million and $419 million, respectively, in 2015 while deposits declined slightly.

As tax collections have faltered over the past two months, the Baker administration has confidently asserted that it can "manage through" what has become a $311 million shortfall in revenues with just weeks left until the end of the budget year.

As credit unions' market share expands in Massachusetts, the state bankers association says that growth is unfair to banks and against the public interest.

Business needs the life-sustaining force of capital circulating within it to prosper, just like the human body...

Westborough technology firm SimpliVity said Thursday that its customer base for the first quarter rose by 177 percent year-over-year on the back of deals with Fortune 50 and Global 2000 companies.

The merger of the holding companies of SpencerBANK and Southbridge Savings Bank has been approved and will operate under the name SSB Community Bancorp MHC.

Massachusetts bankers on Monday released a report questioning the performance of credit unions.

Mary T. Dean took over CIO and senior vice president of Clinton Savings Bank earlier this year, heading up the technological operations for the community bank with six branches, two in-school branches and assets totaling $507 million.

Employers in Massachusetts appear to possess a "wait-and-see attitude" about the economy, with mixed economic signals fueling the ambivalence, according to Associated Industries of Massachusetts.