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Banking & Finance

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

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

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 out predictions for the year ahead and our report card on how our predictions for 2014 turned out.

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

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 connection with an incident that occurred in 2012.

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

In the last year, data from 96 million credit cards were exposed during breaches at Home Depot...
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Good quarter for credit unions

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 highest loan growth since 2006.

Worcester bonds receive strong rating

Worcester's bonds have received a strong rating, indicating a “very strong capacity for payment” of the city's financial commitments, according to a release from Fitch Ratings.

SBA honors banks with regional ties

Several banks and a credit union with operations in to Central Massachusetts have been honored by the state's office of the U.S. Small Business Administration (SBA) for lending to businesses during the 2014 federal fiscal year, the federal agency announced.

Banks seeing more business demand for mobile apps

With a mini-computer in the hands of everyone who has a smartphone, mobile banking has been a...
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Berkshire Bank parent to buy Hampden Bancorp

The parent company of Berkshire Bank will acquire Springfield-based Hampden Bancorp in an all-stock deal valued at about $109 million, the companies announced today.

Treasurer hopefuls size up fossil-fuel divestment options

Democratic treasurer candidate Deborah Goldberg has expressed interest in moving the state's $61 billion state pension fund out of fossil fuel investments while her own personal mutual fund holdings include some fossil fuel assets.
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