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State Senator William Owens at a legislative hearing
Program:
[State Street Bank and the local community]
Original Airdate: 10/13/1989

Length: 00:02:41
Item Type: newstape - edited story master


Go to full description for this item.

Description : Abstract
David Boeri reports on expansion plans by the State Street Bank. Boeri notes that the bank's acitivities are focused on mutual funds, pension funds, and informational services; he adds that the bank has a presence on the international scene. Boeri reports that the bank needs approval from the State Banking Commission before opening an office in Tokyo. Boeri notes that critics accuse the bank of abandoning its local responsibilities. Boeri's report includes footage of a hearing of the State Banking Commission. Bill Owens (State Senator) says that the bank does not provide credit to low- and moderate-income neighborhoods. William Edgerly (Chairman, State Street Bank and Trust) says that the bank does not provide a full range of consumer services. Boeri interviews Edgerly. Edgerly says that the bank needs to go global in order to be an industry leader. He adds that the bank is committed to the local community. Boeri interviews Diane Strother (Massachusetts Affordable Housing Alliance). Strother says that the bank does not do enough for the community. Boeri reports that affordable-housing advocates want the bank to renew its commitment to low-income neighborhoods.


Contributor : Reporter
David Boeri
Format : Tape 6822   Barcode   Script is available.
3/4" cassette 100918 
VHS cassette 105726 
Betacam cassette 105725 
digital betacam cassette 105724 

Subject : Keywords
African American politicians
Banks and Banking
Housing
State governments

Subject : Personal Names
Boeri, David
Edgerly, William
Owens, William
Strother, Diane

Subject : Corporate Names (Organization names)
State Banking Commission
State Street Bank

Type : Genre
News - Television



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