The average online checking account costs 47 percent less than its branch-based counterpart, while the average online savings account pays 457 percent more interest than the branch alternative, according to WalletHub’s latest Banking Landscape Report.
Companies across a variety of industries are expecting larger deals and a pickup in merger and acquisitions in 2018 – but in the banking world, experts predict the opposite.
All 52 state bankers associations including the Massachusetts Bankers Association have penned a letter to Sen. Orrin Hatch (R-Utah), the chairman of the Senate Finance Committee, praising his efforts to fight the credit union tax exemption.
Kenneth Weinstein has begun his tenure as the new president and CEO of Newtown Savings Bank.
The National Credit Union Administration on Thursday approved the distribution of of $736 million to eligible, federally insured credit unions in the third quarter of 2018, funds that are available because of the NCUA’s decision in October to close the Temporary Corporate Credit Union Stabilization Fund.
Bankwell Bank’s parent company reported net income of $2.1 million or $0.27 per share for the fourth quarter of 2017, versus $3.3 million or $0.43 per share for the same period in 2016, after a $3.27 million write down from tax reform.
With three decades of experience in wealth management, Bank of America Merrill Lynch financial advisor Michele McCallion has built a successful business.
After a year of record earnings and an acquisition, Patriot Bank and its parent company are not slowing down.
While U.S. Attorney General Jeff Sessions is making it harder to bank marijuana deposits, U.S. Treasury Secretary Steven Mnuchin appears much more receptive to the idea.
A $4 million write down as a result of tax reform wiped out profits for Westfield Bank’s parent company in the fourth quarter of 2017 after a year of slow growth.
The parent company of Berkshire Bank reported a $2.8 million loss in the fourth quarter of 2017 after a $21 million write down on its deferred tax assets.
United Financial Bancorp, the parent company of Hartford-based United Bank, is planning to open more de novo branches in in 2018 in order to bring in more deposits to keep up with the bank’s loan growth.
Despite strong earnings in the fourth quarter of 2017 and on an annual basis at Webster Financial Corp., investors had a flurry of questions after executives said enrollment in the company’s health savings account division was tracking behind in the first quarter of 2018.
Now that the recently enacted tax reform bill has eliminated the interest deduction for home equity loans, it is hard to predict how the product will perform going forward.
Four Connecticut communities are in good shape when it comes to managing credit card debt.
The Consumer Financial Protection Bureau intends to engage in a rule-making process to reconsider the Payday Rule, which could result in a full repeal or significant revision.
Citigroup and Arjuna Capital said in a statement yesterday that Citi is taking steps to provide gender and ethnicity wage data in an effort to help closing the pay gap, making it the first U.S. bank to respond to shareholder concerns.
The parent company of Willimantic-based Savings Institute Bank & Trust is looking at a $4 million write-down in the fourth quarter of 2017 as a result of tax reform, the company said in a recent filing.
On the heels of Citizens Bank’s announcement of a distribution of bonuses, two more Connecticut firms are passing money to employees as a result of tax reform.
James Farrell, the former CEO and president of New Haven County Credit Union, has agreed and consented to comply with the terms of a prohibition order from the National Credit Union Association to settle and resolve all claims against him.