Reposition
Provincetown, Massachusetts
With the Freeman’s Bank of Boston being the only bank in town, David Fairbanks and a group of community-minded individuals thought it was time to open Provincetown’s own bank – a mutually-owned institution that focused on the needs of the people rather than stockholder values. It would offer a high level of personal service and foster close-knit relationships with families and small businesses. Seamen’s Bank was incorporated that year and it opened for business in the Union Wharf Exchange building in 1852.
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
President Joe Biden said he believes his administration has done a “pretty damn good job” working to resolve the banking crisis and said he thinks it will “take a little while for things to just calm ...
