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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.
Yaidalis is a 12-year-old artist who enjoys creating new things.
People in Lynn, Massachusetts got in the holiday spirit with a massive Christmas Eve parade.
Organizations in Boston helped those in need on Christmas Eve.
A brief nationwide American Airlines ground stop had impacts at Boston's Logan Airport.
The NORAD Santa tracker lets kids see when Saint Nicholas is arriving in New England.
No Mega Millions player won the $1 billion Christmas Eve jackpot, so the grand prize for Friday night's drawing will be an estimated $1.15 billion.
People in Lynn, Massachusetts got in the holiday spirit with a massive Christmas Eve parade.
Happy holidays from WBZ-TV to you and your family.
Yaidalis is a 12-year-old artist who enjoys creating new things.
Organizations in Boston helped those in need on Christmas Eve.
Minnesota Vikings legend Randy Moss will step away from his broadcasting role at ESPN "to focus on a personal health challenge," the network announced Friday.
If beauty products are on your Christmas list this year, one Massachusetts doctor is urging you to check labels for ingredients that may be hazardous to your health.
Jon Keller says an unholy union of clever tech and cultural dreck have turned brain rot into a global plague.
Minnesota Vikings legend and NFL Hall of Famer Randy Moss said he is "battling something internal" and asked for prayers on Sunday.
A new program in Boston is trying to improve the labor and delivery experience for expectant Black mothers and mothers of color, who often find their voices aren't always heard by hospital staff.
If you carry a credit card balance, beware. You'll be paying a lot more for those Christmas gifts due to rising interest rates.
A family visiting Boston left behind a videotape with precious memories in their rental car.
A Cape Cod woman reached out to the I-Team's Call for Action after struggling to get her health insurance provider to approve an overnight hospital stay for a major surgical procedure.
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.
In a year-end interview with WBZ-TV, Gov. Maura Healey had a message for the handful of Massachusetts communities that designate themselves as "sanctuary" cities for immigrants: "We are not a sanctuary state."
How do you keep political drama from poisoning important relationships during the holidays?
Consumers haggle over the price of big-ticket items like homes and cars. So should they also bargain over the cost of college tuition?
Jon Keller says an unholy union of clever tech and cultural dreck have turned brain rot into a global plague.
Boston City Councilor Ed Flynn joined WBZ-TV this week for a one-on-one interview for Sunday's "Keller At Large."
Many stores and supermarkets in Massachusetts are open Christmas Eve but closing early.
Holiday shoppers his the malls on Saturday to get last-minute gifts and a little bit of holiday cheer.
A romance bookstore - the first in the Boston area - has opened its doors in Cambridge, giving fans of the genre the chance to revel in romantic reads.
Ocean State Job Lot announced this week it is taking over another Christmas Tree Shops location, this one in North Attleboro.
Massachusetts is getting closer to allowing pot cafes and other sites for social marijuana consumption.
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.
Boston's late comeback fell just short as they fell to the Orlando Magic, 108-104.
Elias Lindholm scored with 6:19 left to break a third-period tie, and the Boston Bruins killed a five-minute penalty without allowing a shot on goal on Monday night.
New England Patriots running back Rhamondre Stevenson has a fumbling issue. Again.
The Boston Red Sox have added another veteran arm to their rotation, signing two-time World Series champion Walker Buehler to a one-year contract.
The New England Patriots lost again on Sunday despite putting up a good fight in Buffalo, and currently own the No. 2 overall pick in the 2025 NFL Draft with two weeks remaining in the season.
Centuries-old angels have been uncovered at the Old North Church in Boston, made famous by Paul Revere's midnight ride.
A dog trainer in Massachusetts managed to create the perfect "dog nativity scene" that's going viral on social media.
Good Samaritans came to the rescue of a 20-year-old blind cat who was seen floating on a piece of ice in Westford.
The Mount Washington Observatory shared photos of staff members hanging ten on "rime ice" formations.
A unique ATM tree in Greenfield, Massachusetts was hit by thieves in a heist.