Banking & Finance

Several Central Massachusetts schools saw their endowment funds dip in fiscal year 2012, according to a study released today.

Five years after the 2007 financial crisis and ensuing recession, banks and credit unions in Central Massachusetts are operating in a low-interest environment that forces them to turn increasingly to other revenue sources to stay healthy.

For a small group of credit unions across the U.S. — including a handful in Central Massachusetts — a limit on commercial will constrain some of their asset growth for the foreseeable future.

Citing compliance and regulation concerns, banks have traditionally been slow to adapt to social media as the rest of the world has forged ahead with Facebooking, Tweeting and more.

The state's banking division is pushing regulations that would prohibit lenders from foreclosing on properties if modifying mortgage terms would prove to be less expensive.

Westborough-based IT consulting, technology and outsourcing provider Virtusa Corp. is having its strongest fiscal year since it...

St. Mary's Credit Union of Marlborough has appointed James “Jim” C. Garvey, a former executive with Worcester-based Flagship Bank and Trust, as its new president and CEO, the credit union announced Tuesday.

Paul D. Gilbody, the president and CEO of Leominster Credit Union, has resigned less than six months after taking the job, the credit union announced.

Maynard-based Kitsy Lane, an online social commerce platform that helps users launch their own jewelry and accessories businesses online, said it has raised $3.5 million in Series A funding led by Data Point Capital.

Scroll down a list of venture capital deals with technology companies and it becomes evident that in...