Blogs
New Haven Homelessness Nonprofit Gets $120K Grant from KeyBank
By James Sanna | March 20, 2024 | Reprints | Unlock LinkLiberty Community Services of New Haven has been awarded a two-year, $120,000 grant from KeyBank, through its foundation, that will pay for new vehicles so the nonprofit can reach the 2,400 people it serves every year.
Powell May Hint at Rate Cuts Today
By Christopher Rugaber | The Associated Press | March 20, 2024 | Reprints | Unlock LinkTwo weeks ago, Chair Jerome Powell suggested that the Federal Reserve was “not far” from gaining the confidence it needed that inflation was headed sustainably down. It was a tantalizing suggestion.
Guilford Savings Bank Gave $300K in 2024
March 19, 2024 | Reprints | Unlock LinkGuilford Savings Bank announced its annual charitable contributions last year totaled over $300,000.
Fed Likely to Preach Patience on Rate Cuts
By Christopher Rugaber | The Associated Press | March 18, 2024 | Reprints | Unlock LinkAcross the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Housing developers looking to get shovels in the ground.
Fintech Bank Opens Stamford HQ
March 12, 2024 | Reprints | Unlock LinkEuropean fintech Banking Circle has placed its American headquarters office in Stamford, drawing Gov. Ned Lamont and state Banking Commissioner Jorge Perez to the ribbon-cutting.
Powell: Rate Cuts Still Likely, but More Evidence Needed that Inflation’s Tamed
By Christopher Rugaber | The Associated Press | March 6, 2024 | Reprints | Unlock LinkChair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2 percent target.
CFPB Seeks $8 Credit Card Late Fee Cap
By Ken Sweet and Josh BOak | The Associated Press | March 5, 2024 | Reprints | Unlock LinkThe Biden administration announced a rule Tuesday to cap all credit card late fees, the latest effort in the White House push to end what it has called “junk fees” and a move that regulators say will save Americans up to $10 billion a year.
Wells Fargo Plans Two More CT Branch Closings
By James Sanna | March 4, 2024 | Reprints | Unlock LinkAdd New Haven and Bethel to the communities in line to lose a Wells Fargo branch this year.
One Year After Buying a Failed Bank, New York Community Bancorp Is Struggling
By Michelle Chapman | The Associated Press | March 1, 2024 | Reprints | Unlock LinkA New York bank is under severe pressure Friday close to one year after absorbing a large chunk of another bank 30 miles away that had failed.
Localizing Philanthropy for a Global Bank
By Nika Cataldo | March 1, 2024 | Reprints | Unlock LinkComing from the world of government administration, Rafia Zahir-Uddin has helped JPMorgan Chase to provide $1 million in community investments in Connecticut in 2023 as its vice president for corporate responsibility.