Banking and Lending
Economic conditions, net interest margins and cybersecurity rank among community bankers’ top concerns this year, according to the Conference of State Bank Supervisors annual national survey.
Under pressure from state and federal elected officials, Buffalo-based M&T Bank said it will compensate customers hurt by problems when it converted the systems of the former People’s United Bank over to its own.
The newest Conference of State Banking Supervisors’ survey shows the stagnating economy is weighing on community bankers’ minds.
Torrington Savings Bank’s charitable foundation has awarded more than $67,000 in grants during its most recent grant cycle.
Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.
For many of the state’s lenders, commercial real estate is providing a significant source for income, especially as residential loan demand has softened. We’ve ranked how it helped them grow.
More retail banks have responded to concerns about climate change by building sustainability into their digital transformation programs, according to a new report from Boston Consulting Group.
Stamford-based Patriot Bank has added to its executive leadership team with a position focused on payments.
Boston Federal Reserve President Susan M. Collins expects a “somewhat higher unemployment rate” as the Federal Reserve continues its steps to bring down inflation. In her first public speech since becoming the Boston Fed president on July 1, Collins said the Fed’s...
While most Connecticut credit unions had positive net income in the first half of 2022, the state’s credit unions continued to lose members at a higher rate than most other states, according to data released last week by the National Credit Union Administration.
The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.
Mortgage lender Guaranteed Rate has launched a program to deliver each step of the mortgage process in Spanish.
Torrington Savings Bank has hired Carolina Vera as vice president and commercial loan officer.
Fannie Mae’s top economic minds issued a depressing prognosis for the nation’s housing sector as mortgage rates took another big jump and Fed Chair Jerome Powell said housing needs “a correction.”
Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.
Avon-based Norcom Mortgage has opened a new branch in Mystic.
While the total deposits at Connecticut banks remained steady during the 12-month period ending in June, FDIC data shows that the share of deposits once held by People’s United Bank has declined.
On Wednesday, Americans may get a better sense of how much could be in store, with economists predicting the Fed’s main interest rate could rise another full percentage point by year’s end.
While the number of homeowners in forbearance continued to decline last month, the forbearance rate for Ginnie Mae loans increased for the first time since 2020, according to the Mortgage Bankers Association.
A former attorney has been sentenced to more than three years in prison for his role in a fraud scheme involving mortgage investments.