Blogs
Why the Job Market Has Defied Rising Interest Rates
By Christopher Rugaber | The Associated Press | September 25, 2023 | Reprints | Unlock Link
Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure – much higher interest rates, to cool spending and hiring – was expected to bring even more pain.
SBA Reports ‘Major Increase’ of Loans to Black-Owned Businesses
By Nika Cataldo | September 25, 2023 | Reprints | Unlock LinkThe US Small Business Administration reported an increase in the number and share of SBA-backed 7(a) and 504 loans going to Black-owned businesses.
Boston Fed President: Inflation Remains Too High
By Nika Cataldo | September 22, 2023 | Reprints | Unlock LinkThe president of the Federal Reserve Bank of Boston believes that inflation still remains too high and that policymakers are keeping an eye on price stability.
Fed Signals Optimism About a Potential ‘Soft Landing’
By Christopher Rugaber | The Associated Press | September 21, 2023 | Reprints | Unlock LinkThe Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased.
Citizens Puts $50B Toward Helping Clients Go Green
By Nika Cataldo | September 20, 2023 | Reprints | Unlock LinkCitizens Bank is setting a $50 billion target to finance both “green” and “social” initiatives and projects by 2030.
Federal Reserve Poised to Leave Rates Unchanged
By Christopher Rugaber | The Associated Press | September 18, 2023 | Reprints | Unlock LinkWhen they meet again this week, the central bank’s policymakers are likely to decide they can afford to wait and see if the progress continues, experts say.
Former New Haven Bank to Become Nightclub
By James Sanna | September 15, 2023 | Reprints | Unlock LinkA former bank in downtown New Haven is slated for new life as a nightclub and events space, long after it was abandoned by its original users.
Surveys Say Small Businesses Alert, Yet Optimistic on Growth
By Nika Cataldo | September 15, 2023 | Reprints | Unlock LinkWith the interest rate hikes expected to persist, U.S. small businesses are still optimistic while still being alert to the impacts that the current economic pressures, according to two bank surveys.
Northeast CT Vaults Bank into Fastest-Growing Status
By Nika Cataldo | September 15, 2023 | ReprintsThe commercial real estate lending environment may be a tough one right now, but a Massachusetts community bank is making headway in Connecticut as one of the year’s fastest-growing commercial real estate lenders.
M&T Bank’s New CFO Reveals Focus Areas
By Nika Cataldo | September 12, 2023 | Reprints | Unlock LinkThe new chief financial officer of M&T Bank has four focus areas he intends to work on to polish operations in the regional bank.
