Banking and Lending
Savings Institute Bank & Trust employees recently raised money for local organizations through the bank’s Caring and Giving Program.
The third largest fintech company in the world has purchased a provider of mobile and internet banking solutions for community banks and credit unions.
U.S. banks and credit card apps are starting to win over the hearts of their customers.
Mortgage rates inched back over the past week and have now declined in three of the past four weeks.
Glastonbury-based fintech Payrailz has a new partner.
People’s United Bank announced this morning that it will acquire the parent company of Farmington Bank in an all stock transaction valued at roughly $544 million and 180 percent tangible book value.
Bank of America Corp.’s Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
The owner of Transportation Cost Management LLC has been sentenced to prison for a fraud scheme.
A Massachusetts man has pleaded guilty in federal court in Connecticut to his role in a scheme to steal tens of thousands of dollars from bank ATMs.
The National Credit Union Administration on June 21 will consider a final rule regarding field of membership, a move that bankers are fiercely opposed to.
Ion Bank has hired several new employees and promoted one.
Under a multistate settlement agreement, Citibank N.A. will pay $95 million in restitution to government and nonprofit entities for its manipulation of a benchmark interest rate in the lead up to and early days of the 2008 financial crisis.
A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation.
Rocky Hill-based Nutmeg State Financial Credit Union has purchased a Colorado-based credit union service organization.
Wells Fargo & Co. said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts.
The Consumer Financial Protection Bureau’s payday lending rule, created by former CFPB Director Richard Cordray, will go into effect in August 2019 as originally intended.
The longtime chief credit officer at Stamford-based Patriot Bank is leaving.
A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co. of fraudulently inducing it to transfer properties based on a false promise it would sell them.
After declining for two straight weeks, mortgage rates reversed direction this week and rose to their second highest level this year.
With all of the expenses banks and credit union rack up just to cover the cost of doing business, it’s hard to consider paper as a huge driver.
Banking & Lending Top Block
- RE Developer Sentenced to Prison for Fraud
- Former Connecticut Attorney Pleads Guilty to Sealing Over $1.3M
- Foxwoods President and CEO Dies Unexpectedly
- Former Mayor Arrested for Stealing More than $900K
- Former Webster Bank CEO Reportedly Pursuing Bid for Governor