Banking & Finance

After posting the highest return in its history a year ago, the market volatility of the last year contributed to a $3.3 billion dip in value for the Massachusetts state pension fund in fiscal year 2022, a performance that officials described as strong given "the weakest market since the global financial crisis more than thirteen years ago."

Chase bank will open its first Worcester bank branch in September. It is part of a plan to double the bank's presence in Massachusetts by 2025.

Following an historic $15-million pledge in February by UMass alumni Dan and Diane Casey Riccio, their eponymous neuroscience fund will support four projects in 2022.

The House and Senate are sending Gov. Charlie Baker a bill to borrow and spend more than...

Friday, Aug. 5, is the last day to nominate someone deserving of recognition for Worcester Business Journal’s 14th annual Outstanding Women in Business awards.

Clinton Savings Bank has hired David Darvish, former vice president of finance at First Seacoast Bank of Dover, N.H., as senior vice president and CFO, effective this past Monday.

Shrewsbury-based Central One Federal Credit Union has selected Devon Lyon, COO of Direct Federal Credit Union of Needham, to succeed long-time president and CEO David L’Ecuyer on Aug. 22.

AbbVie, a Chicago-based biotech company with a bioresearch facility in Worcester, will partner with Belgian eye-care researcher iSTAR Medical to develop and commercialize a device to treat glaucoma.

Blustream, a Worcester technology company specializing in after-sale product experience, has raised $5.2 million in Series A funding.

Connecting to Greatness, a small Leominster business providing mental health counseling, has received a $25,000 loan for an expansion into telehealth.