Blogs
Wells Fargo Plans Two More CT Branch Closings
By James Sanna | March 4, 2024 | Reprints | Unlock LinkAdd New Haven and Bethel to the communities in line to lose a Wells Fargo branch this year.
One Year After Buying a Failed Bank, New York Community Bancorp Is Struggling
By Michelle Chapman | The Associated Press | March 1, 2024 | Reprints | Unlock LinkA New York bank is under severe pressure Friday close to one year after absorbing a large chunk of another bank 30 miles away that had failed.
Localizing Philanthropy for a Global Bank
By Nika Cataldo | March 1, 2024 | Reprints | Unlock LinkComing from the world of government administration, Rafia Zahir-Uddin has helped JPMorgan Chase to provide $1 million in community investments in Connecticut in 2023 as its vice president for corporate responsibility.
Fewer Banks Tightening Lending Standards, Raising Hopes
By Damian J. Troise | The Associated Press | February 29, 2024 | Reprints | Unlock LinkFewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.
Boston Fed Appoints New First VP, COO
By Nika Cataldo | February 28, 2024 | Reprints | Unlock LinkThe Federal Reserve Bank of Boston has named Karen A. Pennell its new first vice president and chief operating officer. She will replace Kenneth C. Montgomery, who will retire this spring.
NBT Cuts Ribbon on New West Hartford Branch
February 27, 2024 | Reprints | Unlock LinkNBT Bank celebrated its newly relocated West Hartford branch with a ribbon-cutting ceremony on Feb. 21 and donations to a pair of local charities.
CT’s Largest CU to Merge With Wellness Federal Credit Union
February 26, 2024 | Reprints | Unlock LinkAmerican Eagle Financial Credit Union, the state’s largest credit union, and Hartford-based Wellness Federal Credit Union have filed papers to merge, following votes by their respective boards of directors to combine forces.
What Recession? Professional Forecasters Raise Expectations for 2024
By The Associated Press | February 26, 2024 | Reprints | Unlock LinkThis year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
Fed Officials Caution Against Cutting Interest Rates Too Soon or Too Much
By Christopher Rugaber | The Associated Press | February 23, 2024 | Reprints | Unlock LinkSeveral Federal Reserve policymakers warned Thursday against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January.
Bank Economists Grow More Optimistic on Credit Conditions in Q1
By Nika Cataldo | February 22, 2024 | Reprints | Unlock LinkWhile credit conditions are still expected to weaken compared to their strong position in the last few years, bank economists have come to view the situation with more optimism due to better economic growth.