Banking & Lending
Affluent Americans’ Spending Driving Economy, Delaying Fed Rate Cuts
Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending, pushing prices of services like health care and entertainment up.
New Hampshire’s Top Loan Originators Worked Hard in a Lean Year
Many mortgage loan officers found themselves working more for less last year in New Hampshire – and the same business pattern seems to be repeating itself in 2024.
Laconia State School Buyer Has to ‘Put Up or Shut Up’
The state has given its chosen buyer until April 22 to close on a $21.5 million land deal for the former 220-acre Laconia State School property after three extensions since 2022.
Walden Mutual Growing Well, One Year On
The state’s first new mutual bank in 50 years is seeing strong growth after a little over 12 months in business.
Chase’s New England Head Leaves for Atlanta Post
Roxann Cooke, one of the most prominent Black women in the New England banking industry, is leaving the region. But she’s staying with JPMorgan Chase.
Will NH Banks Benefit from a Fed Rate Cut?
Intense competition for deposits among banks may limit the benefits they receive from any interest rate cuts by the Federal Reserve this year.
Fewer Banks Tightening Lending Standards, Raising Hopes
Fewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.
Eastern Bank-Cambridge Trust Merger Hits Delay
Eastern Bank and Cambridge Trust say their merger, formerly anticipated to close in the first quarter, won’t be completed on schedule.
What Recession? Professional Forecasters Raise Expectations for 2024
This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
After Tough 2023, Lenders See Glimmers of Hope
New Hampshire’s top residential lenders are seeing small signs of an improving market despite higher interest rates and lower inventories of homes for sale that cut into their business in 2023.