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Study Finds Financial Institutions Less Likely to Fall for Phishing Attacks

Study Finds Financial Institutions Less Likely to Fall for Phishing Attacks

by The Commercial Record | Jul 5, 2019 | Banking & Lending, CR Daily, Industry News

Although there is a high risk for employees across many industries to click on a suspicious link or email or obey a fraudulent request, employees at financial institutions are among the least likely to fall for such an attack.

Overdraft Revenue Declines Nationwide in First Quarter

Overdraft Revenue Declines Nationwide in First Quarter

by The Commercial Record | Jul 3, 2019 | Banking & Lending, CR Daily, Industry News

Overdraft fees at American financial institutions declined in the first quarter of the year, suggesting that overdraft prices are no longer inelastic, according to data recently published by the Illinois economic research firm Moebs Services.

Study: CT Has Most Fortune 1000 Companies Per Capita

Study: CT Has Most Fortune 1000 Companies Per Capita

by The Commercial Record | May 15, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

Connecticut’s economy may not be in the best shape, but one thing the Nutmeg State can boast about is being the home to lots of corporate giants.

Study Shows That Local Branches and ATMs Still Important to Customers

by The Commercial Record | May 10, 2019 | Banking & Lending, CR Daily, Industry News

The local bank branch may still have more relevance than people think: a new study suggests many people not open a checking account with a local financial institution due to limited branch and ATM locations.

Study: More Than One-Third of Millennials Carry Multiple Debts

Study: More Than One-Third of Millennials Carry Multiple Debts

by The Commercial Record | Apr 12, 2019 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

More than one-third of Millennials carry significant student loan, mortgage, credit card and some other type of miscellaneous debt.

Study: Connecticut Ranked 14th-Most Innovative State in the Country

by The Commercial Record | Mar 20, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

A recent study found a bright spot among the struggles facing Connecticut’s economy.

Three Banks in CT Named Some of the Best in the World

Three Banks in CT Named Some of the Best in the World

by The Commercial Record | Mar 11, 2019 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Liberty Bank, People’s United and Webster Bank have been named three of the best banks in the world, according to Forbes.

Study: Webster Bank Receives Most Consumer Complaints in Connecticut

Study: Webster Bank Receives Most Consumer Complaints in Connecticut

by The Commercial Record | Jan 9, 2019 | Banking & Lending, CR Daily, Industry News

Webster Financial Corp. had more consumer complaints in 2018 than any other bank in Connecticut.

Study: College Students Pay Millions in Account Fees

Study: College Students Pay Millions in Account Fees

by The Commercial Record | Jan 2, 2019 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Students across the country are paying millions in account fees to banks that have struck marketing deals with colleges and universities.

Study: Homebuyers Putting Less Money Down

Study: Homebuyers Putting Less Money Down

by The Commercial Record | Dec 27, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Homebuyers nationwide are putting less money down up front.

State Could Raise $1B Annually from All-Electric Tolling System

by The Commercial Record | Nov 20, 2018 | Banking & Lending, Commercial & Industrial, CR Daily, Executive Briefing, Industry News

A recent report form the Connecticut Department of Transportation shows the state could raise approximately $1 billion annually with all-electronic tolling on highways around the state.

Study Finds Veteran-Owned Small Businesses Experience Financing Challenges

by The Commercial Record | Nov 12, 2018 | Banking & Lending, Commercial & Industrial, CR Daily, Executive Briefing, Industry News

Despite similar demand for financing, veteran-owned small business applicants were more likely than non-veteran-owned small business applicants to experience “financing shortfalls,” where they received less than the amount of credit they sought.

STUDY: Utility Rates for CT Residents Some of Highest in U.S.

by The Commercial Record | Nov 2, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Residential Real Estate

Residents in Connecticut are paying some of the highest rates in the country for utilities.

Study: Almost All Financial Service Firms Experience Some Form of Fraud

by The Commercial Record | Oct 1, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Nearly all financial service firms have experienced some sort of fraud within the last two years, whether it’s identity theft or new account fraud, synthetic identity fraud or account takeover fraud.

STUDY: Americans Focusing on Debt Reduction as Debt Climbs

by The Commercial Record | Aug 20, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Residential Real Estate

More than half of Americans are placing debt reduction as their top priority this year.

People’s United Named a Top Regional Bank by Kiplinger

People’s United Named a Top Regional Bank by Kiplinger

by The Commercial Record | Jul 13, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Bridgeport-based People’s United Bank has been ranked as one of the top regional banks in the country.

Survey Finds Debit Cards Are Most Popular Payment Form

by The Commercial Record | Jun 26, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Debit cards continued to be the most popular payment method for consumers last year.

Study: Bank and Credit Card Apps Improving Customer Satisfaction

by The Commercial Record | Jun 21, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

U.S. banks and credit card apps are starting to win over the hearts of their customers.

Study: Bank Customers Prefer In-Person Interactions

by The Commercial Record | Jun 8, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Artificial intelligence might be making waves in the banking industry, but many customers still prefer in-person interactions at bank branches.

Connecticut Ranks 30th in US Economy Study

by The Commercial Record | Jun 5, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Residential Real Estate

Connecticut has the 30th ranked economy in the country.

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