New England Remain Equity-Rich in First Quarter
Homes in New England are among the most equity-rich in the nation, according to a new report from Attom.
Federal Reserve Faces Tough Balancing Act on Rates
The Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of President Donald Trump’s widespread tariffs on hiring and inflation, some economists say, even as the White House pushes for a rate cut.
Manchester CU, California CU to Merge
Northeast Family Federal Credit Union and Self-Help Credit Union (Self-Help) announced their merger Monday.
CT’s Seasons FCU Rebrands as ‘Ellafi Federal Credit Union’
Middletown-based Seasons Federal Credit Union is shedding its 20-year-old brand in favor of a new one – and a new mission.
Webster Bank Preparing for Possible Recession
Webster Bank executives say the bank is preparing for a potential recession as it strengthened its allowance for loan losses in the first quarter.
Berkshire Bank Sees Net Income Growth to Start 2025
Even with some economic turmoil to start the year, Berkshire Bank had a successful first quarter, seeing deposit and income growth.
Liberty Bank Lands Deal as ‘Official Bank’ of Hartford Yard Goats
Middletown-based Liberty Bank now has a big, new marketing platform: the 6,121-seat Dunkin’ Park next to downtown Hartford.
M&T Ups Ratio of Money Set Aside for Troubled Loans
The bank still reduced the amount of money it’s set aside for loans going bad last quarter while also seeing both loans and deposits take a dip.
JPMorgan Nearly Doubles Provision for Loan Losses
JPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.
Will Tariffs Lead to a Recession?
Should the tariffs remain in place for an extended period, they will likely raise costs and uncertainty for businesses, which could reduce their willingness to hire, invest or expand.
New England Banks Top J.D. Power Satisfaction Rankings
As the national economy inched its way towards a soft landing last year, consumers’ satisfaction with their banks grew.
Zillow Data: Off-Market Listings Fared Worse in Diverse Neighborhoods
Off-MLS listings appear to generate lower sale prices than publicly listed ones in majority-minority neighborhoods, according to new research from Zillow.
Fed Chief Indicates No Rate Cut in Offing Due to Tariff Inflation
Fed Chair Jerome Powell’s focus on the potential for more inflation suggests that the central bank will likely keep its benchmark interest rate unchanged at about 4.3 percent in the coming months.
The Story Behind a Bank Rebrand
Guilford Savings Bank is rebranding to Ascend Bank in the third quarter of 2025. The bank continues to grow, including its recent merger with Eastern Connecticut Savings Bank that will turn it into a $1.4 billion-asset bank.
Trump’s ‘Liberation Day’ Unlikely to Free Biz from Tariff Uncertainty, Experts Say
Questions will still swirl around trade and tariffs for months to come, economists say. And more tariffs are in the pipeline and could target specific industries like lumber.
Rocket Buying Mr. Cooper in All-Stock $9.4B Deal
The mortgage company Rocket is buying competitor Mr. Cooper in an all-stock deal valued at $9.4 billion, just weeks after acquiring real estate listing company Redfin.
Inflation, Wage Anxiety Jumps as Spring Market Begins
Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.
CEO Out at Struggling Stamford-Based Bank After $50M Capital Raise
Patriot Bank, the Stamford-based lender that was labeled as “troubled” by financial regulators late last year, is now losing its CEO.
Fed Sees Tariffs Raising Inflation, But Keeps Key Rate Unchanged
Central bankers also took steps that could drive down mortgage rates as the spring housing market opens.
CT Banks Winning Bigger Slice of CRE Pie
In a year that saw banks take up a larger chunk of the commercial real estate lending pool, local and regional banks were among the top CRE lenders in Connecticut.
