Banking and Lending
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.
The First National Bank of Omaha will not renew a contract with the National Rifle Association to issue an NRA-branded Visa card, according to a Reuters report.
Fixed mortgage rates increased for the seventh consecutive week, with the 30-year fixed mortgage rate reaching 4.40 percent in this week’s survey; the highest since April of 2014.
The reaction to the article “Women In Banking,” published in The Warren Group’s Banking New England magazine, was overwhelmingly positive from men and women at all levels of the corporate hierarchy.
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.
Banking Commissioner Announces $2.9M in Relief for Connecticut Consumers in Settlement with Santander
Connecticut Banking Commissioner Jorge L. Pérez announced a settlement with Santander Consumer USA, a sales finance company licensed by the Department of Banking, for alleged violations of Connecticut banking law pertaining to its activity concerning repossessed motor vehicles.
The U.S. Supreme Court on Tuesday declined to revive litigation in which shareholders accused the federal government of overstepping its authority when it restructured mortgage finance firms Fannie Mae and Freddie Mac following the 2008 housing crisis.
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.
Ten social service projects in six local communities recently received a total of $11,500 in grants from the Jewett City Savings Bank Foundation.
More than two-thirds of participants in a recent study said they were frustrated with their digital banking experience, and are prepared to walk away from their current financial institution if a better digital experience should present itself.
Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co., which will end up “better off” as it corrects a series of mistakes in how it treated banking customers.
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.
Wells Fargo & Co. CEO Tim Sloan tried to deliver a message of consistency and stability at an investor event on Tuesday, less than two weeks after it disclosed a regulatory sanction related to a long-running sales scandal.
Nearly two-thirds of all smartphone users in the U.S. have at least one financial app.
With three decades of experience in wealth management, Bank of America Merrill Lynch financial advisor Michele McCallion has built a successful business.
Savings Institute Bank & Trust’s Norwich branch manager Barry Shead was recently honored at the Martin Luther King Jr. Birthday Celebration Luncheon held by the Norwich NAACP. Shead received the Robertsine Duncan Service Award in recognition of his extensive volunteer work and community outreach.
After a year of record earnings and an acquisition, Patriot Bank and its parent company are not slowing down.
Two New York men have been sentenced in New Haven federal court for their roles in a credit card fraud scheme.
Banking & Lending Top Block
- Two Men Charged With ‘Jackpotting’ CT ATMs
- BofA Ends Checking Account Popular Among Low-Income Customers
- Former CEO of New Haven County CU Prohibited from Working with Credit Unions
- Nigerian Man Admits to Fraudulent Email Scheme
- Bank Manager Sentenced for Stealing $500K from Clients