By Trajan Warren Just ahead of its expected completion of merging with Cambridge Trust, Eastern Bank has announced four Cambridge Trust board members who will join Eastern’s Boards of Directors upon closure of the deal. When the merger is completed, Denis Sheahan, current chairman, president and CEO of Cambridge, will join Eastern’s Board of Directors, along […]
By: Katanga Johnson & Craig Torres Wall Street banks are on the cusp of a sweeping regulatory victory after Federal Reserve Chair Jerome Powell signaled officials would scale back plans to make them hold more capital. The world’s most powerful central banker flatly told lawmakers Wednesday that the government’s plan was in for “broad and material changes,” and that […]
By Trajan Warren Stanley Rameau had been sold on Silicon Valley Bank since first being introduced to the bank in the fall of 2022. In the months following, Rameau decided to use SVB as the bank for Renavest, the financial education service he founded. But in early March 2023, SVB, the 10th largest bank in Massachusetts at the […]
