The Commercial Record’s coverage of the coronavirus outbreak’s impact on the state’s real estate and finance industries, and the local economy.
Stamford-based First County Bank’s charitable foundation will donate $50,000 to Fairfield County shelters and food pantries in an effort to support nonprofits impacted by the COVID-19 pandemic.
When determining eligibility for unemployment benefits, Connecticut’s Department of Labor is now allowed to consider whether returning to work during the cononavirus pandemic would pose an “unreasonable risk” to a person’s health or the health of their household.
In a letter yesterday to the U.S. Conference of Mayors, acting Comptroller of the Currency Brian Brooks said requirements that people wear face masks in public could lead to more bank robberies.
A new analysis from investment bank Keefe, Bruyette & Woods shows that small- and mid-cap stock banks in the Northeast had similar credit quality during the first quarter as other SMID banks in the broader group that KBW analyzes.
Connecticut renters and homeowners could miss $366 million in mortgage and rental payments during the coronavirus pandemic without government assistance, according to a study by the Federal Reserve Bank of Boson’s New England Public Policy Center.
In Connecticut, 16,584 filed, over 9,300 fewer than filed last week, according to the federal Labor Department, a significant drop continuing a trend of week-over-week declines since the state’s retail and hospitality sectors, among others, largely shuttered due to the coronavirus.
Almost two months after the Paycheck Protection Program launched, lenders finally have details about their role in forgiving the loans.
With more than 38 million unemployment claims, the Republican response centers on kick-starting the economy to reduce the need for more federal intervention.
Many Connecticut stores, attractions and restaurants aren’t planning to immediately set up shop Wednesday when some restrictions are lifted in the first phase of Gov. Ned Lamont’s plan to reopen the state from its COVID-19 shutdown.
Borrowers who requested forbearance on mortgages backed by Fannie Mae or Freddie Mac will still be able to refinance or buy a new home under certain conditions, the Federal Housing Finance Agency announced this morning.