Banking and Lending
Jewett City Savings Bank’s charitable foundation recently awarded grants on behalf of Kevin Merchant, the bank’s recently retired president and CEO, and Louis J. Demicco Jr., the former board chair.
Despite the self-service nature of online-only checking and savings accounts, access to customer service channels, including phone and email, helped drive satisfaction with these direct bank accounts, according to a new study from J.D. Power.
With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters to public transit.
Six weeks after completing its acquisition of Bridgeport-based People’s United Bank, M&T Bank has named two regional presidents for the Connecticut market, both from within M&T.
Stamford-based Webster Bank will offer banking services to property management firms and homeowners associations through a new partnership with a financial technology company.
Even as mortgage interest rates hit levels not seen since the fall of 2009, early indications show America’s prospective homebuyers appear to be adapting, not quitting the market.
More than 60 percent of U.S. credit unions could face physical risks from the effects of climate change, according to a new report from Ceres and the Filene Research Institute.
The Federal Reserve Bank of Boston has named five new members to the advisory board of the New England Public Policy Center, including two from Connecticut.
After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases.
Savings Bank of Danbury has hired Renee Rovelli as vice president of commercial lending.
Webster Bank’s Timothy Bergstrom has been appointed board chair of the Community Investment Corp.
As concerns about a recession caused by interest rate hikes rise, Gov. Ned Lamont’s office announced a new relief program for homeowners struggling with their mortgages.
Stamford-based Patriot Bank continues to see a positive impact on its financial results from a pre-paid debit card program the bank acquired nearly two years ago.
The three major U.S. banking regulators said Thursday they a plan to rewrite much of the outdated regulations tied to a decades-old banking law designed to encourage lending to the poor and racial minorities in the areas where banks have branches.
Greenwich-based Fieldpoint Private has launched a full-service trust company, Fieldpoint Private Trust. The bank said in a statement that the new company was formed in response to “widespread demand from clients, advisors, bankers and others.”
The Consumer Financial Protection Bureau has fined Bank of America $10 million for processing what the agency said were illegal, out-of-state garnishment orders against its customers’ bank accounts.
JPMorgan Chase has invested $400,000 in Fairfield County’s Community Foundation as part of an ongoing partnership to advance racial equity and housing stability in Fairfield County.
Connecticut’s General Assembly voted Tuesday to give lawmakers and the state’s constitutional officers their first pay raises in more than two decades.
The Connecticut Senate sent a revised, one-year $24.2 billion state budget to Democratic Gov. Ned Lamont’s desk on Tuesday night that Democrats lauded as historic but Republicans derided as falling short for the taxpayers.
World shares were mostly lower on Wednesday as investors waited for a decision by the Federal Reserve on interest rates.