Megabanks Report Record Profits Despite Economic Uncertainty
Five of the biggest U.S. banks reported record profits on last week, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.
New Listings Aiding Connecticut Market While Inventory Lags Behind
The Connecticut housing market was able to add listings to the market in June, bringing inventory to near parity with where it was this time last year.
Stamford Residential Tower Fetches $150M
The original developer of one of Stamford’s Harbor Point apartment buildings has sold the property for almost $150 million.
Banking Regulators Issue New Guidance on Lending Risk Tied to Borrowers Illegally in US
The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation’s banking system, cracking down on financial institutions that are lending money to them.
New Haven Apartments Trade for Over $6M
A New Haven apartment complex was acquired by a New York investor for $6.15 million, representing a 146-percent increase from its previous trade in 2015.
