by The Associated Press | Sep 15, 2025 | Banking & Lending, CR Daily, Industry News
Some jobs have been lost and there have been dire forecasts about the future job market for these individuals, ranging from modest single-percentage point losses, to as many as half of all call center jobs going away in the next decade.
by The Commercial Record | Sep 15, 2025 | Banking & Lending, CR Daily, Industry News
A new report says over half of Connecticut residents live in 9 percent of the state’s land, along existing transit corridors. Those areas have significant opportunities to add even more housing, the report concludes, when combined with areas with existing sewer infrastructure.
by Sam Lattof | Sep 12, 2025 | Banking & Lending, CR Daily, Industry News
Speaking at an event in Boston, M&T Bank CEO René Jones predicted more M&A activity in the Northeast – including some driven by his own institution.
by Lew Sichelman | Sep 11, 2025 | Banking & Lending, CR Daily, Industry News, Residential Real Estate
Even if you are not prosecuted, if your lender finds out you equivocated, they can call your loan due and payable on the spot.
by Sam Lattof | Sep 11, 2025 | Banking & Lending, CR Daily, Industry News
As CEO of PeoplesBank, Tom Senecal has led the mutual bank through some huge changes in the last 10 years, including its entry into the Connecticut market. He’s now set to retire at the end of the year.
by Sam Lattof | Sep 10, 2025 | Banking & Lending, CR Daily, Industry News
PeoplesBank says it’s become the largest U.S. community bank to fully operate on a cloud-native core banking platform after successfully converting to the Nymbus Banking Platform.
by Sam Lattof | Sep 4, 2025 | Banking & Lending, CR Daily, Industry News
After 30 years at PeoplesBank, chairman and CEO Tom Senecal announced that he will retire at the end of 2025.
by The Associated Press | Sep 3, 2025 | Banking & Lending, CR Daily, Digital Edition
President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades.
by The Associated Press | Aug 25, 2025 | Banking & Lending, CR Daily, Industry News
Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
by The Associated Press | Aug 18, 2025 | Banking & Lending, Industry News
One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring?
by Sam Lattof | Aug 14, 2025 | Banking & Lending, CR Daily, Industry News, Residential Real Estate
With mortgage rates on the decline, an already competitive residential real estate market is set to grown even fiercer in Connecticut.
by Sam Lattof | Aug 13, 2025 | Banking & Lending, CR Daily, Industry News
Citizens Bank has tapped a Barclays Bank veteran to be its lead financial executive.
by The Associated Press | Aug 11, 2025 | Banking & Lending, Commercial & Industrial, Industry News
An executive order signed Thursday by President Donald Trump could give real estate projects, private equity and cryptocurrency firms long-sought access to a pool of funds worth trillions.
by The Commercial Record | Aug 5, 2025 | Banking & Lending, CR Daily, Industry News
Chase Bank says it is planning to open five more branches in Connecticut over the next two years, adding to its existing 62-branch total.
by Sam Lattof | Aug 4, 2025 | Banking & Lending, CR Daily, Industry News
A division of a major presence in the Hartford-area banking market is proposing to merge with a rural Massachusetts lender to create a $6.69 billion-asset institution.
by Sam Lattof | Jul 31, 2025 | Banking & Lending, CR Daily, Industry News, People
While customer satisfaction remains high for mortgage originators, customers are increasingly dissatisfied with their mortgage servicers. Andrew Marquis, senior vice president at Cleveland-based CrossCountry Mortgage, thinks the issue may be that originators have set the customer service bar too high.
by Sam Lattof | Jul 31, 2025 | Banking & Lending, CR Daily, Industry News, Residential Real Estate
Connecticut saw the largest annual increase nationwide in the proportion of equity-rich homes in the second quarter of 2025.
by Sam Lattof | Jul 30, 2025 | Banking & Lending, CR Daily, Industry News
First County Bank CEO Robert J. Granata will retire in July 2026.
by The Commercial Record | Jul 30, 2025 | Banking & Lending, CR Daily, Industry News
The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting.
by Sam Lattof | Jul 29, 2025 | Banking & Lending, CR Daily, Industry News
Currently in the design phase, Sikorsky Credit Union plans a new branch opening in Fairfield in 2026.