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 its balance sheet. Editor’s note: TD Bank is a DDIFO Sponsor.
Read More »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 issuers levy every time a buyer pays with a debit card. Take Action and tell your congressman and Senator to put a stop to high credit card interchange fees.
Read More »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 publicly traded bank from a mutual.
Read More »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, disclosed the loss in a financial report filed with the Federal Deposit Insurance Corp. The bank was not available to comment for this story
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