
Study Says Small Group of Office Buildings Causing Market Pain
Commercial developers group NAIOP said distress in the office market has been concentrated in a small percentage of buildings that are functionally obsolete.

CFPB Warns Banks About Chatbots
Chatbots have become vital tools for banks and credit unions trying to offer customers relatively frictionless ways to answer simple questions. But, according to a new CFPB report, those same tools could be putting them at risk of violating federal consumer protection laws.

420-Unit Luxury Development Gets Environmental OKs
A giant luxury rental development planned for Bridgeport’s waterfront expects to break ground soon after getting state and federal approval for its site cleanup plans.

KeyBank Names New CT Market Leader for Private Bank
KeyBank announced that Mark Commune has been promoted to senior vice president and the Connecticut and Massachusetts market leader for its Key Private Bank unit.

Will a Fed Rate-Hike Pause Last? Key Committee Appears Divided
When the Federal Reserve meets next week, it is widely expected to leave interest rates alone – after 10 straight meetings in which it has jacked up its key rate to fight inflation.