Banking and Lending
Webster Bank scored about average, while People’s United fell to the lower end of banks in New England included in J.D. Power’s annual U.S. Retail Banking Satisfaction Study.
Brandon C. Lorey, executive vice president and head of consumer banking at Hartford-based United Bank, is leaving the company.
Small lenders could be looking at some relief from changes to the Home Mortgage Disclosure Act that went into effect at the beginning of the year.
Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women.
A state revenue package that rejects much of Democratic Gov. Ned Lamont’s proposed sales tax expansion, yet includes new or higher taxes on alcohol, capital gains income, prepared meals, digital downloads, cigarettes and more will become the basis for upcoming budget negotiations.
A Hartford man was sentenced to 54 months of imprisonment, followed by three years of supervised release, for fraud and identity theft offenses stemming from a mail theft and check cashing scheme.
People’s United Bank partner Numerated is one of the most successful fintech firms out there, in two years doubling its workforce, signing 11 banks onto its platform, tripled its revenue on an annual basis. The genius behind the company is Founder and CEO Dan O’Malley.
Do you want to buy a house but worry that your credit profile will disqualify you for a mortgage? Take another look: A new study suggests that you might find lenders a little friendlier and more flexible than you thought.
The parent company of Berkshire Bank is planning to sell off one of its mortgage subsidiaries and exit other non-strategic, non-relationship types of lending, as part of a broader strategic review the company began earlier this year.
The state economy grew in the last quarter of 2018, but at a much slower pace than in the third quarter, according to the newest data from the federal Bureau of Economic Analysis.
The annual salary needed to afford a home in Hartford is more than $65,000, nearly $2,000 above the area’s median income.
A member of Litchfield Bancorp’s board of directors has retired after 28 years.
A survey of corporate economists predicts the economy will expand over the next year, although the pace of growth will decline and employers are facing pressure to raise wages, spend more on worker training and automate tasks because of the low unemployment rate.
The White House says controversial past comments from President Donald Trump’s pick for the Federal Reserve Board are under review.
A Palm Beach, Florida man pleaded guilty yesterday in Bridgeport federal court to conspiracy, money laundering and tax evasion offenses related to multiple schemes to defraud foreign investors and financial institutions.
Two Florida residents were charged yesterday by a federal grand jury in Hartford with robbing a Wethersfield bank at gunpoint in December 2018.
Westfield Bank is planning to double the number of branches it has in Connecticut.
President Donald Trump’s efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed’s board withdrawing from consideration and another being enveloped by fresh doubts.
Despite a very profitable quarter, analysts pressed Webster Bank executives on the sustainability of its health savings accounts business, specifically as lawmakers consider the future of health care.
A Wallingford man waived his right to be indicted and pleaded guilty earlier this week in Hartford federal court to one count of bankruptcy fraud.