JPMorgan Chase Donates East Haven House to Disabled Ex-Soldier
A former American soldier who lost a leg to friendly fire in Afghanistan in 2009 got a new home last week thanks to JPMorgan Chase.
Chase Bank Bug Causes Double Transactions, Fees
Customers of Chase’s online banking services were seeing double transactions, fees and/or payments in their accounts, with the situation not immediately being resolved as of late morning on Friday.
JPMorgan Promised First Republic Workers ‘Clarity’ on Jobs By May 31
For any Fairfield County banks hoping to lure away former First Republic Bank workers and their client relationships, it appears that next Wednesday could be the magic day.
Megabank CEOs Turning Pessimistic on Economy
The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they’re preparing for a potential downturn or a recession.
M&T Passes Fed Stress Test
The nation’s largest banks have strong capital levels and would be able to continue lending to households and businesses during a severe recession, according to the Federal Reserve’s annual stress test.
Connecticut Expands Initiative to Reach Underbanked
Connecticut now has a statewide presence in the national Bank On movement, an initiative that promotes safe and affordable banking products. The Connecticut Association for Human Services (CAHS) has launched Bank On Connecticut in partnership with the national nonprofit organization Cities for Financial Empowerment Fund (CFE Fund).
House Demands PPP Loan Info from Treasury, Banks
A House subcommittee investigating billions of dollars in coronavirus aid is demanding that the Trump administration and some of the nation’s largest banks turn over detailed information about companies that applied for and received federal loans intended for small businesses.
41M Have Lost Jobs Since Virus Hit, but Layoffs Slow
In Connecticut, 16,584 filed, over 9,300 fewer than filed last week, according to the federal Labor Department, a significant drop continuing a trend of week-over-week declines since the state’s retail and hospitality sectors, among others, largely shuttered due to the coronavirus.
Virus Starts to Take Toll on Bank Earnings
With banks starting to release first quarter earnings this week, early results show the potential extent of the coronavirus’ impact on national banks operating in Connecticut.
Chase Home Loans Now Require 20 Percent Down
One of the country’s biggest banks is dramatically increasing requirements for borrowers looking to buy or refinance a home in the face of the coronavirus pandemic.
Before COVID-19 Hit, Lenders Flooded with Refis
Once mortgage rates dropped by more than 50 points over May and June last year, whatever lenders had forecast at the beginning of the year, they soon pivoted, leading to one of the biggest surges in refi activity since the Great Recession.
Megabanks Post Big Profits, but Lower Interest Rates Are a Worry
JPMorgan Chase reported a record annual profit on Tuesday, while Citigroup posted its best results since before the Great Recession.The biggest concern going forward is that lower interest rates will slow down Wall Street’s decade-long profit party.
Most Small Businesses Expect to Hire in 2020, Survey Finds
About three-quarters of U.S. small and midsize companies are optimistic about their own performance, and the majority expect to grow sales this year, according to the annual JPMorgan Chase Business Leaders Outlook released this week.
Chase Opens First Location in 10-Branch Hartford-Area Plan
Chase Bank held a grand opening celebration at its first branch in the Hartford area on Thursday, part of six to 10 new branches planned for the region in the next few years. These new locations join more than 40 other Chase branches in Connecticut.
Bridgeport Woman Receives 18-month Sentence for Bank Robberies
A Bridgeport woman will serve 18 months in prison for robbing two Chase Banks in Bridgeport in 2017.
JPMorgan Sued Over Fees for Cryptocurrency Purchases
JPMorgan Chase & Co. has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances.
Shelton Man Sentenced To 15 Years For Robbing 4 Connecticut Banks
Scott Taylor, 47, formerly of Shelton, was sentenced yesterday to 188 months of imprisonment, followed by three years of supervised release, for robbing four branches of Chase Bank last year.
Shelton Man In Custody For 2016 Bank Robbing Spree
A Shelton native has pleaded guilty in Hartford federal court to one count of bank robbery, admitting that he robbed four branches of Chase Bank last year.
TD Bank Names New Greenwich Store Manager
Charles L. Lomnitzer has joined TD Bank’s Greenwich location as store manager. In his new role, he is responsible for new business development, consumer and business lending, managing personnel and overseeing day-to-day operations. Lomnitzer brings 30 years of banking...
Simsbury Bank Hires New Mortgage Loan Advisors
Simsbury Bank has announced Paul Ramoya and Roop Singh have both joined the company as mortgage loan advisors. In their new roles, Ramoya and Singh will work with homebuyers, advising them on the best mortgage options for their specific needs, assisting them with the...
