Massachusetts’s Rockport Harbor is located in the North Shore area. North Shore serves a coastal region between Boston and New Hampshire. The bank has agreed to sell itself to Hometown Financial Group in Boston.
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Hometown would gain approximately $6 billion in assets and a greater reputation in New England if it were to purchase North Shore in Peabody, Massachusetts.
Vice Chair for Supervision at the Federal Reserve, Michael Barr, stated on Friday The lessons learned from the bank failures in March of last year, such as the need for closer supervision, are still
being applied by Fed supervisors to the risks that banks face today, such as growing firm assets, tightening liquidity, and falling commercial real estate values.
One hour ago by Santos
Vice Chair for Supervision at the Federal Reserve, Michael Barr, stated on Friday The lessons learned from the bank failures in March of last year, such as the need for closer supervision, are still being applied by Fed supervisors to the risks that banks face today, such as growing firm assets, tightening liquidity, and falling commercial real estate values.
One hour ago by Santos
Interest rate margins are falling to all-time lows due to the competition between new direct lenders and established banks like Morgan Stanley and Goldman Sachs.
By Kate Hidalgo, Ellen Schneider, and Brush, Bloomberg News two hours ago
Interest rate margins are falling to all-time lows due to the competition between new direct lenders and established banks like Morgan Stanley and Goldman Sachs.
By Kate Hidalgo, Ellen Schneider, and Brush, Bloomberg News 3 hours ago
The Consumer Financial Protection Bureau has been asked to conduct a formal rulemaking by a fintech trade group, in response to nearly a dozen states looking to regulate digital payroll advance products.
February 16, 2024
An early-stage fintech startup investor discusses the cutting-edge innovations that will change the dynamic between banks and .
February 16, 2024
U.S. Bank and Suncoast claim AI makes loans go from “no” to “yes.”
Artificial intelligence models with greater data intake and processing capabilities view creditworthiness through a broader lens for customers who are turned down by traditional underwriting models.
February 15, 2024
How to apply: Women 40 years of age and younger who are rising stars at their bank or financial institution should submit an application for the Most Powerful Women in Banking and Finance: Next 2024 Call for Submissions.
February 16, 2024
The ought to maintain its initial stance regarding earned wage access.
The bureau is threatening to reverse course and label EWA initiatives as loans. It is foolish and will hurt customers.
February 8, 2024
FDIC is urged to revive innovation efforts by a fintech group.
Recently, the American Fintech Council and Republican lawmakers voiced concerns about the FDIC’s innovation efforts, pointing out the substantial alterations made to the office responsible for leading those efforts.
February 5, 2024
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