The Commercial Record

01/30/2023

Editorial | Boston Mayor Michelle Wu's most best proposals to speed housing production will take time to implement, something Boston doesn’t have. It's time the mayor invites industry into the affordability conversation to help find immediate solutions.

Some ideas Mayor Michelle Wu pitched in her State of the City speech could help make up for planned hikes in development fees. But her proposals will take time to implement, something Boston doesn't have. It's time the mayor invites industry into the affordability conversation to help find immediate...

06/17/2022

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

06/17/2022

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.

https://bit.ly/3N5Zj3I

06/17/2022

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.

06/15/2022

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.”

06/15/2022

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

06/14/2022

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.

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.

06/14/2022

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

06/14/2022

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 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.

06/13/2022

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

06/13/2022

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.

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.

04/14/2022

A message from our parent company: Have you registered? Our next webinar goes live on April 21 at 12PM and we'll be showing real estate agents how to get the best returns from their RE Records Search subscription. To join, click the link and register: https://bit.ly/3JLTabc

04/12/2022

A message from our parent company: Our next webinar is going live April 21 at 12PM! To join Optimizing ROI in RE Records Search: Real Estate Agents, hosted by specialist Mike Sweeney, click here to register: https://bit.ly/38PVWjb

03/23/2022

The share of borrowers who are current on their mortgage payments and not in delinquency or foreclosure has increased by more than three percentage points over the past year, according to the Mortgage Bankers Association.

03/23/2022

A longtime employee of a Berlin-based company has been indicted for an embezzlement scheme that allegedly saw more than $1 million deposited into a bank account referencing the company’s name.

03/22/2022

Publicly-traded banks and other companies regulated by the SEC could face new requirements to disclose how how climate risk affects their businesses.

Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed Monday by the Securities and Exchange Commission as part of a drive across the government to address climate change.

03/22/2022

President Joe Biden on Monday urged U.S. companies to make sure their digital doors are locked tight because of “evolving intelligence” that Russia is considering launching cyberattacks against critical infrastructure.

President Joe Biden on Monday urged U.S. companies to make sure their digital doors are locked tight because of “evolving intelligence” that Russia is considering launching cyberattacks against critical infrastructure targets as the war in Ukraine continues.

03/22/2022

While most Connecticut credit unions had positive net income in 2021, the state’s credit unions had one of the lowest returns on average assets in the U.S.

https://bit.ly/3L6Sle8