The Boston Business Journal reports that TD Bank Financial Group, the parent of TD Bank, said Monday it has struck a deal to acquire a money-losing South Carolina-based bank with an elevated amount of problem loans on … [Read more...]
Retailers Poised for Victory in Debit Card Fee Fight
May 23, 2010 By Leave a Comment
CNN Money reports that retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees … [Read more...]
Danvers Bancorp Cranks up Loan Spigots as Larger Rivals Retrench
February 19, 2010 By Leave a Comment
Tim McLaughlin of the Boston Business Journal writes that about eight months before Lehman Brothers collapsed in the fall of 2008, Danvers Bancorp Inc. reeled in about $175 million in capital from its conversion to a … [Read more...]
Citizens’ pain: A $600M loss
February 5, 2010 By Leave a Comment
A unit of Citizens Financial Group recently reported a full-year net loss of $600.4 million for 2009 after charging off more than $2 billion in bad loans. RBS Citizens, the No. 2 retail bank in Massachusetts, … [Read more...]
