Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs.

Skyline Financial Federal Credit Union and Curtis Federal Credit Union announced the successful completion of their merger, effective June 30.

Stamford-based Webster Bank announced a new chief risk officer to replace retiring CRO Daniel Bley.

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month.

Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.

The bank operates around two dozen branches in Connecticut, and has $8.17 billion worth of in-state deposits.

PeoplesBank has continued to invest in marketing for its Connecticut expansion by acquiring the naming rights to what was formerly the XL Center.

Chase is expanding its affluent banking offering by opening 14 new J.P. Morgan Private Client “financial center” offices across four states, including New York and Massachusetts.

Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.

An Act Concerning A Study Relating to Banking Issues imposes a 10-year statute of limitations for so-called “zombie mortgages” on one- to four-family dwellings. 

For now, the disconnect has businesses and consumers struggling to reconcile what they were told to expect, what the numbers say and what they are seeing on the ground.

The state’s loan originators had to deal with high interest rates and low inventory as they tried to get their customers into homes but were still able to succeed in 2024.

Thomaston Savings Bank has partnered with Paige, a legacy planning platform, to offer streamlined estate planning services to families and businesses across Connecticut.