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Banking & Lending | May 9, 2008

Congressman Takes Tough Stance on Mortgage Industry
By Jeff Haynes
Barney Frank has put the mortgage industry on notice.


NewAlliance Bancshares Increases Income
New Haven-based NewAlliance Bancshares, the holding company for NewAlliance Bank, reported net income of $12.9 million for the first quarter of 2008, compared to $9.3 million for the same period last year.

Nutmeg State Banks Have Prime Response to Latest Cut by Fed
By Jeff Haynes
The Federal Reserve Board may just be the banking world’s swingers.