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COVID Surge Drives Banks, Credit Unions to Close Lobbies

COVID Surge Drives Banks, Credit Unions to Close Lobbies

by Diane McLaughlin | Nov 23, 2020 | Banking & Lending, Coronavirus, CR Daily, Executive Briefing

With the surge in coronavirus cases continuing, some Connecticut banks and credit unions have once again started shutting down their lobbies.

Pandemic, Segregation Show Need for National Housing Agenda, Harvard Researchers Say

Pandemic, Segregation Show Need for National Housing Agenda, Harvard Researchers Say

by The Commercial Record | Nov 19, 2020 | Coronavirus, CR Daily, Industry News, Residential Real Estate

The economic problems caused by the COVID-19 pandemic and social unrest sparked by racial injustice shows the need for national politicians to take housing issues seriously, a new report by prominent Harvard University housing scholars says.

Top Researcher: COVID Vaccine Could Reduce Transmission 50 Percent

Top Researcher: COVID Vaccine Could Reduce Transmission 50 Percent

by The Associated Press | Nov 17, 2020 | Coronavirus, CR Daily, Industry News

One of the scientists behind the experimental coronavirus vaccine developed by BioNTech and Pfizer said Sunday that he was confident that it could halve the transmission of the virus, resulting in a “dramatic” curb of the virus’ spread.

Report: Lamont Resistant to New Lockdown

Report: Lamont Resistant to New Lockdown

by The Commercial Record | Nov 17, 2020 | Coronavirus, CR Daily, Industry News

Gov. Ned Lamont says he has no current plans to bring back additional restrictions on the state’s economy even as cases of COVID-19 continue to surge in Connecticut and across the nation.

COVID Surge Drives Banks, Credit Unions to Close Lobbies

Lamont Quarantines After Aide Tests Positive

by The Associated Press | Nov 16, 2020 | Coronavirus, CR Daily, Industry News

Gov. Ned Lamont is self-quarantining after his chief spokesperson tested positive for COVID-19, his administration announced late Friday.

Second COVID Vaccine Shows Overwhelming Success

Second COVID Vaccine Shows Overwhelming Success

by The Associated Press | Nov 16, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

Massachusetts pharmaceutical company Moderna said Monday its COVID-19 vaccine is proving to be highly effective in a major trial, a second dash of hope in the global race for a shot to tame a resurgent virus that is now killing more than 8,000 people a day worldwide.

Top Researcher: COVID Vaccine Could Reduce Transmission 50 Percent

Lamont Launches COVID Exposure Warning App

by The Commercial Record | Nov 13, 2020 | Coronavirus, CR Daily, Industry News

Connecticut residents now have a state-backed option to keep tabs on whether they may have been exposed to someone with COVID-19.

GOP Unveils $1.4T Federal Economic Aid Bill

GOP Unveils $1.4T Federal Economic Aid Bill

by The Associated Press | Nov 11, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

Republicans controlling the Senate unveiled a government-wide, $1.4 trillion spending bill on Tuesday. However, half the bill’s spending would go towards existing defense procurement programs.

COVID Surge Drives Banks, Credit Unions to Close Lobbies

Lamont Concerned as Hospitalizations Spike Statewide

by The Associated Press | Nov 10, 2020 | Commercial & Industrial, Coronavirus, CR Daily, Industry News

Connecticut saw a spike in coronavirus-related hospitalization over the weekend, filling about half of the state’s available COVID-19 beds in intensive care units, Gov. Ned Lamont said.

Second COVID Vaccine Shows Overwhelming Success

Pfizer to Seek Emergency OK for COVID Vaccine

by The Commercial Record | Nov 9, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News

Pfizer and its partner BioNTech announced Monday morning that its vaccine candidate was more than 90 percent effective in preventing COVID-19.

For Biden, How to Help Mangled Economy Is Next Obstacle

For Biden, How to Help Mangled Economy Is Next Obstacle

by The Associated Press | Nov 9, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

President-elect Joe Biden will inherit a mangled U.S. economy – one that never fully healed from the coronavirus and could suffer again as new infections are climbing.

COVID Surge Drives Banks, Credit Unions to Close Lobbies

Residents Urged to Stay Home at Night as COVID-19 Cases Grow

by The Associated Press | Nov 6, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

Connecticut residents were being urged Thursday to limit any nonessential trips between 10 p.m. and 5 a.m. to help reduce the spread of the coronavirus, a move that comes as the state starts rolling back portions of the third phase of reopening.

Report: Lamont Resistant to New Lockdown

Lamont Reimposes Some COVID Restrictions as Cases Rise

by James Sanna | Nov 3, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Residential Real Estate

Connecticut will reimpose some restrictions on businesses and gatherings, including reducing the capacity in restaurants again, as coronavirus rates increase in the state, Gov. Ned Lamont said Monday night. State judicial officials also postponed a plan to resume jury...
US Manufacturing Activity at Highest Levels in Two Years

US Manufacturing Activity at Highest Levels in Two Years

by The Associated Press | Nov 3, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

U.S. manufacturing posted a strong gain in October to the highest level in two years even as coronavirus cases have begun to surge again in many parts of the country.

COVID Surge Drives Banks, Credit Unions to Close Lobbies

Reopening Rollback Floated as Virus Infections Rise

by The Associated Press | Oct 30, 2020 | Coronavirus, CR Daily, Industry News

Gov. Ned Lamont said he is allowing leaders of cities and towns with surging numbers of coronavirus cases to roll back reopening plans, and hinted more business restrictions could be coming.

Fed Lowers Main Street Loan Amount

Fed Lowers Main Street Loan Amount

by The Commercial Record | Oct 30, 2020 | Banking & Lending, Coronavirus, CR Daily, Executive Briefing

In a move aimed at reaching more small businesses, the Federal Reserve Board has reduced the minimum loan amount for the Main Street Lending Program.

Economy Grows at Record Rate, but Recovery Incomplete Experts Say

Economy Grows at Record Rate, but Recovery Incomplete Experts Say

by The Associated Press | Oct 29, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

The U.S. economy grew at a record 33.1 percent annual rate in the July-September quarter but has yet to fully rebound from its plunge in the first half of the year – and the recovery is slowing as coronavirus cases surge and government aid dries up.

COVID Surge Drives Banks, Credit Unions to Close Lobbies

Massachusetts Now on CT Quarantine List

by The Associated Press | Oct 28, 2020 | Coronavirus, CR Daily, Industry News

Govs. Ned Lamont announced that travelers from Massachusetts must self-quarantine for 14 days after arriving in Connecticut.

As Virus Resurges, So Does Fear of More Economic Pain

As Virus Resurges, So Does Fear of More Economic Pain

by The Commercial Record | Oct 27, 2020 | Banking & Lending, Commercial & Industrial, Coronavirus, CR Daily, Industry News, Residential Real Estate

Economists worry that the United States risks repeating a mistake made after the 2008-2009 Great Recession, when limits on federal spending and layoffs by states and localities hindered a recovery.

COVID Surge Drives Banks, Credit Unions to Close Lobbies

Connecticut Has 19 Communities with ‘Red Alert’ Virus Levels

by The Associated Press | Oct 23, 2020 | Coronavirus, CR Daily, Industry News

Eight more communities, many in southeastern Connecticut, were identified Thursday by state public health authorities as “red alert towns” after their daily rates of new COVID-19 infections surpassed 15 per 100,000 people since last week.

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