Banking and Lending
A new survey of states’ economies and business environments has identified Connecticut as the second-most prosperous state in the country, with the fourth-best business environment after Washington, D.C., Massachusetts and New Hampshire and ahead of New York.
Mortgage applications increased 21.7 percent nationwide from one week earlier in the wake of the Federal Reserve’s rate cut, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 9.
In its second quarter earnings call, Zillow announced it was hitting pause on plans to expand its mortgage business – for now.
Wall Street’s anxiety over the Trump administration’s trade war with China could herald lower mortgage rates for homebuyers.
Gov. Ned Lamont has made it a priority in his first months in office to reach out to top executives across Connecticut, embarking on a charm offensive in a state that has seen some of its best-known employers, including General Electric, move away.
A Glastonbury-based fintech has launched a vehicle it plans to use to help credit unions improve their payments systems.
A new national study has found that members of Generation X are far more likely than those between the ages of 18 to 23 to bank with a local financial institution.
The federal regulator overseeing the credit union industry said lenders he oversees won’t be punished for providing services to marijuana businesses in compliance with state laws.
Stamford-based First County Bank has a new top leadership team.
The pace of expansion for U.S. services companies fell to its slowest pace in nearly three years, as gauges of business activity and new orders weakened.
The Federal Reserve announced today it will challenge a banking industry-backed group for real-time payments customers by developing its own system.
A Naugatuck landlord who failed to report over $1 million in rental income to the federal government has been sentenced to prison for tax evasion.
The federal regulator governing credit unions is dramatically increasing the threshold for when an appraisal is required in commercial real estate loans.
Berkshire Bank has retained two key executives from its acquisition of Willimantic-based Savings Institute Bank & Trust and added them to its leadership team.
West Hartford-based Blumshapiro, the largest accounting, tax and business advisory firm based in New England, is merging with Cowan Bolduc Doherty based in North Andover, Massachusetts.
Two more small credit unions in Connecticut are merging.
One of Fairfield County’s larger community banks has a new member of its leadership team.
Interest rates on residential mortgages and consumer banking accounts will likely see little movement in response to the Federal Reserve’s decision Wednesday to cut its benchmark interest rate by 25 basis points.
William McGurk, one of the largest private shareholders in United Bank, has been outspoken about his disappointment in People’s United Bank’s planned purchase of United. But he faces a difficult path to blocking the merger.
A security breach at Capital One Financial, one of the nation’s largest issuers of credit cards, compromised the personal information of about 106 million people, and in some cases the hacker obtained Social Security and bank account numbers.