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At the Bank of New England Corporation, which reported a second-quarter loss of $33.3 million, troubles with bad real estate loans continue to grow.
The Bank of New England Corporation said today that its 1989 losses of $1.11 billion were worse than expected.
Examinations of real estate lending led to a $1.1 billion loss at the Bank of New England Corporation earlier this year.
The Bank of New England Corporation said it would cancel an announced common stock dividend of 34 cents a share.
What is indisputable is that the deal for the Bank of New England Corporation will be widely debated.
His father was a vice president for the Bank of New England Corporation in Boston.
He was a member of the New England Corporation, and its governor till 1829.
The report detailed the events that brought down both banks and their parent company, the Bank of New England Corporation, last January.
Her father, a writer, was an associate general counsel at the Bank of New England Corporation.
The Bank of New England Corporation, while profitable, reported sharply lower results.