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Galvin Charges Merrill Lynch With Fraud
Thursday, July 31, 2008 (451 reads)
Secretary of the Commonwealth William F. Galvin today charged Merrill Lynch with fraud in pushing the retail sale of auction rate securities to investors, while misstating the stability of the auction market itself.
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The Hanover Sells Life Insurance Business
Thursday, July 31, 2008 (444 reads)
Worcester-based The Hanover Insurance Group has agreed to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co., to Commonwealth Annuity and Life Insurance Co., a Goldman Sachs company.
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Georgetown Savings Loses $386K
Wednesday, July 30, 2008 (339 reads)
Georgetown Bancorp, holding company for Georgetown Savings Bank, reported a net loss for the second quarter of $386,000, compared to a net loss of $150,000 for the same period in 2007.
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State Street To Assist LAM
Wednesday, July 30, 2008 (443 reads)
State Street Corp. of Boston has been appointed by Lazard Asset Management (LAM) to provide a range of investment services, including trade settlement, portfolio administration, reconciliation, performance composite management, data management and preparation of client reports.
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Mass. Foreclosures More Than Double In First Half Of ‘08
Wednesday, July 30, 2008 (707 reads)
Foreclosures more than doubled in Massachusetts during the first half of the year compared to the same period last year, but fell slightly in June, according to a new report by The Warren Group, Banker & Tradesman’s parent company.
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