Blogs
Jewett City Savings Bank Elects New Chairman and Vice Chairman
April 25, 2024 | Reprints | Unlock Link
Jewett City Savings Bank announced the names of its new board chair and vice chair following the lender’s annual meeting last month: Diane Manning and Brian Andstrom.
Wells Fargo, Webster Rank at Bottom in Study of Tri-State Area Bank Satisfaction
By James Sanna | April 24, 2024 | Reprints | Unlock LinkA new analysis by J.D. Power has found that Wells Fargo and Webster Bank have the least satisfied customers of the major national and regional banks active in Connecticut, New York and New Jersey.
Liberty Bank Votes in New Chairman
April 19, 2024 | Reprints | Unlock LinkLiberty Bank’s board of directors unanimously elected a new chair last month, the bank said, after longtime Chairman Mark Gringras unexpectedly passed away March 7.
Citizens Reports Private Bank Deposits Up $1.2B in Q1
By James Sanna | April 18, 2024 | Reprints | Unlock LinkCitizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
Powell: Elevated Inflation Will Likely Delay Rate Cuts
By Christopher Rugaber | The Associated Press | April 17, 2024 | Reprints | Unlock Link“If higher inflation does persist,” he said, “we can maintain the current level of [interest rates] for as long as needed.”
M&T Keeps Cutting Exposure to CRE Lending
By James Sanna | April 16, 2024 | Reprints | Unlock LinkIn its first earnings call after a major credit ratings agency downgraded its out look for the lender, M&T Bank announced progress in reducing its book of commercial real estate loans.
Top Fed Official Opens Door to Keeping Rates High for Longer
By Christopher Rugaber | The Associated Press | April 16, 2024 | Reprints | Unlock LinkFederal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
Big Banks Issue Mixed Profit Reports as JPMorgan Flags ‘Uncertain’ 2024
By Ken Sweet | The Associated Press | April 12, 2024 | Reprints | Unlock LinkJPMorgan Chase continued to warn investors Friday that it expects a “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions.
Meet Connecticut’s Top Loan Originators of 2023
April 11, 2024 | ReprintsFor the ninth year in a row, The Commercial Record is recognizing the top loan originators throughout Connecticut. Ranked by dollar volume and number of loans completed, and representing banks, credit unions and mortgage companies, these originators are at the top of their game.
March Inflation Reading Means ‘Bad News’ for Mortgage Rates
By Christopher Rugaber | The Associated Press | April 10, 2024 | Reprints | Unlock LinkConsumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.
