The trade group for the nation’s largest banks says the Federal Reserve’s revised “Basel III” proposal for large-bank capitalization rates is a step in the right direction.

As homebuyers everywhere try to figure out how to pay their agents’ commissions, one Massachusetts bank thinks it has an answer: a line of credit.

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Aug. 23.

A top Federal Reserve official warned this month that the Fed needs to cut its key interest rate before the job market weakened further or it would risk moving too late and potentially imperil the economy.

As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years.

Citizens Bank will only be left with two physical locations in the Upper Valley once its Main Street branch in Hanover closes in October. 

Eastern Bank closed its merger with Cambridge Trust earlier this month, and executives spent part of the bank’s second-quarter earnings call looking ahead to the deal’s benefits while not expressing any immediate desire to continue expansion.

Rhode Island-based Citizens plans to reduce its lending to multifamily real estate projects as part of a broader effort to shrink its commercial real estate loan book, executives said during the bank’s second-quarter earnings call.