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Series: The Ten O'Clock News
Date: 1989-10-13
Duration: 00:02:41
Subject: Housing; Banks and banking
People: Boeri, David; Edgerly, William; Owens, William; Strother, Diane;
Clip Description
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.
Series Description
A local program aimed at the Boston audience, The Ten O'Clock News debuted on January 15, 1976. Its two immediate predecessors were The Reporters and Evening Compass. A news and public affairs show focusing on neighborhood, local and state issues, The Reporters was produced and broadcast on WGBH from 1970 to 1973. The Reporters was then replaced by Evening Compass, which expanded into a twice-nightly news broadcast during the tense moments of Boston's busing crisis. On the air from 1973 to 1975, Evening Compass found an audience through its in-depth coverage of school desegregation in Boston, which began in 1974. The Ten O'Clock News stood out as an in-depth news program. It strove for a balance between local and national stories, between politics and the Arts. The last The Ten O'Clock News program was broadcast on May 30, 1991.
