Banking and Lending
Bank of America Corp.’s wealth management arm Merrill Lynch said on Thursday it is reintroducing commissions for its retirement accounts, reversing a policy put in place to comply with Obama-era regulation.
The new $1 billion MGM Resorts International casino opened in Springfield will be credit positive, Moody’s Investor Service said Tuesday.
Morgan Stanley has topped the latest M&A league table of the top 10 financial advisers for the financial services industry for the second quarter of 2018.
The 30-year fixed-rate mortgage barely inched up this week, continuing the summer trend of essentially being flat.
One of the key weapons in banks’ arsenal as they fight for new customers is a robust rewards card offering. The key challenge is how to provide compelling offers that will attract and retain consumers in a profitable manner.
Seven Stars Cloud Group, a New York-based global fintech with plans to establish its headquarters in West Hartford later this year, is changing its name.
Money from unclaimed securities, bank accounts and other financial property appears to be piling up.
Police have arrested a Connecticut man they allege hacked into a retirement account and stole more than $300,000.
Glastonbury-based fintech firm Payrailz has a new partnership.
Best Buy Co. Inc. on Tuesday reported online sales growth that decelerated from the previous quarter, sending its shares down 5 percent in premarket trade.
Banks in Connecticut employed more people halfway through the year than at this point last year..
Wells Fargo & Co. is laying off more than 600 workers as it grapples with a slowdown in its mortgage business, a bank spokesman said on Friday.
Papa John’s International Inc., the world’s third-largest pizza delivery company, has hired Bank of America Corp. and Lazard Ltd. to help find ways to stabilize the restaurant chain, which has come under pressure from its founder John Schnatter, people familiar with the matter said last week.
The race for governor has given rise to a heated debate over taxes, with the two major party candidates offering competing plans to either eliminate the state’s personal income tax or reduce local property taxes.
Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc., hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker’s shares up as much as 5 percent on Tuesday.
U.S. stocks added to their gains slightly on Friday after Federal Reserve Chair Jerome Powell said further interest rate hikes were the best way to protect the U.S. economic recovery.
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
JPMorgan Chase & Co. is expanding its high-end Sapphire brand to include checking accounts, hoping to attract and keep increasingly affluent Millennial customers, the largest U.S. bank said on Wednesday.
Small businesses represent untapped revenue potential for banks. They are showing a greater willingness to pay for financial products and tools that save them time and increase convenience, yet most banks are not reaping the benefits.
Simsbury Bank, a subsidiary of SBT Bancorp Inc., has hired John A. Beir as a vice president and senior relationship manager.
Banking & Lending Top Block
- East Hartford Mortgage Lender to Terminate Expansion and Begin Layoffs
- Former Shelton Resident Admits Embezzling $326K from Employer
- Real Estate Agent Arrested After Leaving Young Girls in Hot Car
- Bank Manager Admits Embezzling $879K from CD Accounts
- Webster Bank Hires New CIO