The Commercial Record

While the pandemic has seen banks, including national and regional banks, closing branches amid changing consumer behaviors and preferences, Chase Bank plans to continue its branch expansion into Greater Hartford.

https://bit.ly/39AGtnK

Following its merger this year with Sterling Bancorp, the parent company of Stamford-based Webster Bank has established a $6.5 billion community benefits plan that will invest in the communities within the bank’s footprint.

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Housing markets across the country may be slumping, but across Connecticut, indicators suggest demand is still stronger than the pre-pandemic baseline, even if it is waning.

CT Housing Markets Still Hotter than 2019 - Commercial Record

The Consumer Financial Protection Bureau wants to improve customer service at big banks and credit unions by launching an initiative that it said would help customers “assert their rights to better customer service.”

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Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.

https://bit.ly/3zCxjSj

For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession. That looks less likely now.

Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’ - Commercial Record For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.

George Darling, the founder and chairman of New England-based major bank consultancy Darling Consulting Group, has died at the age of 77.

https://bit.ly/3NNlHA2

JPMorgan Chase has hired Eduardo Cabrera as the first member of a Bridgeport-based team that will focus on the key drivers of closing the racial wealth gap.

JPMorgan Chase Hires Community Liaison for Bridgeport - Commercial Record JPMorgan Chase has hired Eduardo Cabrera as the first member of a Bridgeport-based team that will focus on the key drivers of closing the racial wealth gap, the bank said in a statement.

Banking trade groups, including the Connecticut Bankers Association, have asked Congress to include ma*****na banking legislation as part of a larger bill to provide funding for U.S. manufacturing and technology initiatives.

https://bit.ly/3O11QgI

A new report from the National Multifamily Housing Council hints at the costs created by the kind of strident local opposition that’s bedeviled new apartment and condominium projects across Connecticut.

How Much Does NIMBYism Cost? Industry Group Claims Answer - Commercial Record A new report from the National Multifamily Housing Council hints at the costs created by the kind of strident local opposition that's bedeviled new apartment and condominium projects across Connecticut.

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