Banking & Finance

Fitchburg-based IC Federal Credit Union will hold a grand opening for its new Worcester branch at 947 West Boylston St. next month. The office opened Thursday.

Not so long ago, ATMs were the newest innovation in banking. Instead of waiting in line at...

Many banks that do business in Central Massachusetts are jostling and hustling to underwrite new commercial loans,...

Banks and credit unions in Central Massachusetts have their eyes on the newest competition in the lending...

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 surge in profits, at about $790 million, according to a statement Monday from Citizens Financial, based in Providence, R.I.

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 they did not hold the mortgages, according to Attorney General Martha Coakley.

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 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.

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 that started in 2008.

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