Mass. Bank Files to Buy First Seacoast
Dover-based First Seacoast Bank has agreed to be acquired by Massachusetts-based Cambridge Savings Bank, adding to the list of larger Bay State lenders making inroads in the Granite State. It’s also a historically less-common instance of a mutual bank buying a stock...Warsh as Fed Chair May Not Lead to Rate Cuts
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn’t pencil in lower borrowing costs for mortgages, auto loans or business loans just yet. The odds of Kevin...Big Banks See ‘Resilient’ US Economy, Warn on Energy Prices
The nation’s biggest banks posted another quarter of strong profits, helped by a resilient economy and a flurry of dealmaking for their investment banking units. But the strong profits were clouded by the bank’s outlook for 2026, as bank executives warned how high oil...More Fed Officials See Possible Rate Hikes This Year, Minutes Show
The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months. Minutes of the Fed’s March...
