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"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Gas prices in the state are 3 cents below the national average.
Staff shortages aren't because people don't want to work anymore as much as they just don't live here anymore.
"You gotta shop like jobs depend on it, because they do," says Jon Hurst of the Massachusetts Retailers Association.
WBZ-TV's Jon Keller reports.
Coupon codes and cash-back offers can help take the sting out of soaring prices, expert says.
It is the fourth straight month the Federal Reserve has increased the interest rate by ¾ of a point.
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
A new survey finds the economy and inflation are now far outpacing abortion as the problem voters rank most important, even among women. WBZ-TV's Jon Keller has more.
WBZ-TV's Paula Ebben reports.
WBZ-TV's Tiffany Chan reports.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Economic and market expert Peter Cohan from Babson College sat down with WBZ-TV's Jon Keller.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
There are positive signs and also warnings when it comes to the current state of the economy.
Is your small business protected from even the slightest of downturns? Use these solutions to provide stability to your cash flow.
Experts estimate self-driving cars, a new frontier of profit Apple and Google are aggressively pursuing, could wipe out "as many as 300,000 jobs a year in two decades or more."
Massachusetts labor officials say the unemployment rate ticked up last month while the state added an estimated 200 jobs.
Let's start the New Year with a look at your portfolio.
A new report finds that even as the overall economy improves, cities and towns in Massachusetts are still feeling plenty of financial strain.
Financial worries are keeping most Americans up at night, according to a new survey.
This weekend in the Boston area you'll have your choice of celebrating the end of fall of the Christmas season.
The MBTA has long displayed wait times on the boards at stations in Greater Boston, but their latest development aims to bring that convenience to the palm of your hand.
Boston police are looking for a suspicious man accused of inappropriately touching students outside Snowden International School in the Back Bay.
Joonas Korpisalo stopped 21 shots, Elias Lindholm scored the game's only goal, and the Boston Bruins beat the Utah Hockey Club 1-0 on Thursday night in their first game since the team fired coach Jim Montgomery.
While the Celtics were at the White House Thursday celebrating their championship, high school students from across Massachusetts gathered in their practice gym in Allston to discuss race, religion, and discrimination.
How much total snow is Massachusetts forecast to get this winter? The WBZ NEXT Weather team shares their predictions.
The MBTA has long displayed wait times on the boards at stations in Greater Boston, but their latest development aims to bring that convenience to the palm of your hand.
Boston police are investigating the theft of $250,000 worth of jewelry from a locker at a high end spa and salon in Copley Square Tuesday afternoon.
As teacher strikes continue in three North Shore communities in Massachusetts, non-union employees at the schools like bus drivers and cafeteria workers are still hard at work.
Boston police are looking for a suspicious man accused of inappropriately touching students outside Snowden International School in the Back Bay.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
Cheese processed at plant in Lena, Illinois, may be tainted by bacteria that can cause serious and fatal infections.
Young or old, Democrat or Republican, a majority of Americans say this presidential election is stressing them out.
Researchers at a Massachusetts hospital have discovered a new sign that could indicate whether someone has a concussion and it's literally a shaking of the head.
Several hospitals have failed to come to an agreement with the second-largest health insurer in Massachusetts, Point32Health.
Detective Lieutenant Brian Tully was disciplined for failing to supervise investigators who sent inappropriate text messages during Karen Read's investigation.
WBZ-TV's I-Team has uncovered a third attempted land grab by thieves in Massachusetts, this time in West Yarmouth.
Pink cocaine has reportedly made its way to the Boston area, federal investigators told WBZ-TV's I-Team.
Some Winthrop residents are pushing back against a law requiring Massachusetts communities with T access to allow the development of multifamily units to help with the housing crunch. All of it now could soon be up to voters to decide.
A Springfield man says he gave police evidence that points to another suspect in the Boston Strangler investigation - not Albert DeSalvo.
Now that Question 2 has passed, removing MCAS as a graduation requirement in Massachusetts schools, what are the standards for high school graduation?
Massachusetts voters approved ballot questions on the auditor's authority and the MCAS, but lawmakers may still tinker with them.
Donald Trump won 75 cities and towns in Massachusetts in the 2024 election. Eleven of them voted Democrat four years ago.
If you were looking for surprises, the 2024 election likely wasn't for you.
John Deaton said he believes Sen. Elizabeth Warren is creating divisiveness in the state
The maker of Bell's Seasoning says its stuffing won't be in stores for Thanksgiving this year.
The Museum of Ice Cream will open its doors this December in Boston's Seaport neighborhood.
It appears Tree House Brewing Company has big plans to expand in Boston, according to filings with the city.
Here's where to find Veterans Day 2024 free food offers and discounts at restaurants in Massachusetts.
Seven Stop & Shop stores in Massachusetts will be closing permanently on Oct. 31.
Host Rachel Holt talks with their CEO about their distinct connection to Newport and what sets them apart as a "brewstillery."
Newport's Castle Hill Inn is one of the area's most coveted destinations offering visitors spectacular views, luxurious accommodations, and unique dining experiences.
Founded in 2014 with a mission of preserving, celebrating and sharing automotive history, the Audrain Automobile Museum is a must-stop destination for both car enthusiasts and Newport visitors alike.
Host Rachel Holt joins Prezza Mixologist Craig Carpenter in Boston's North End for a hot new twist on a classic cocktail that's bound to be the next big hit.
Chef Delphin Gomes joins host Rachel Holt in the test kitchen to show off his latest creations and the art of merging design with chocolate.
Joonas Korpisalo stopped 21 shots, Elias Lindholm scored the game's only goal, and the Boston Bruins beat the Utah Hockey Club 1-0 on Thursday night in their first game since the team fired coach Jim Montgomery.
The Boston Celtics will be welcomed to the White House by President Joe Biden on Thursday to celebrate the franchise's 18th NBA Championship.
Cole Strange is back at practice for the New England Patriots, and detailed his frustrating recovery from a right knee injury that has sidelined him for nearly a year.
The New England Patriots will make their annual trip to South Beach this weekend to take on the Miami Dolphins.
Bruins GM Don Sweeney said "change is hard," but he believes it was the right time to fire head coach Jim Montgomery as the team struggles early in the season.
Researchers spotted a right whale in Cape Cod Bay exhibiting behavior that is typically seen later in the season.
The Lizzie Borden House in Fall River has landed on USA Today's Top 10 list of the best haunted hotels.
New York City is officially legalizing jaywalking. Is it time for Boston to do the same?
Boston is looking to give new life to the historic bear dens in Franklin Park.
The massive comet that's starting to become visible in the night sky won't stick around for too long.