Banking & Lending
Megabank CEOs Warn New Regulations Could Harm the Economy
The heads of Wall Street’s biggest banks used an appearance on Capitol Hill on Dec. 6 to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated.
NH Banks See Small Rise in Assets, Troubled Loans
Assets held by New Hampshire’s banks were up 6.43 percent in the third quarter on a year-over-year basis, according to new data from the Federal Deposit Insurance Corp.
Why Americans Feel Gloomy About the Economy Despite Positive Indicators
The disparity between actual economic indicators and polling data about public sentiment has led to befuddlement, exasperation and curiosity on social media and in opinion columns.
CRE Loan Originations Fell 49 Percent as Lending Standards Tightened
A quarterly report released by the Mortgage Bankers Association earlier this month shows that, nationwide, commercial real estate and multifamily loan originations were down 49 percent by volume year-over-year across the country during the late summer and fall.
Local Fed President Says Low Unemployment Not Signal of ‘Full Employment’
Rather than unemployment numbers, Susan Collins said the Fed needs to focus on the labor force participation rate.
Citizens to Wind Down Wholesale Lending Business
Rhode Island-based bank Citizens is exiting the wholesale mortgage lending business, five months after exiting the indirect auto lending business, as well.
Citizens Launches New Products Aimed at Small Biz Clients
Rhode Island-based Citizens recently launched a pair of products aimed at meeting what it believes are in-demand services for the region’s small businesses.
Can Basel III Bring Opportunity to Small Banks?
A rule intended to strengthen the U.S. banking system by increasing banks’ capital reserves in case of a crisis could open opportunities for New Hampshire’s smaller banks to catch business opportunities in the process.
Survey: Majority of Most Age Groups Prefer Mobile, Online Banking
Two national studies show that US bank consumers are shifting their preferences more to digital banking platforms, both mobile and online, instead of opting to go to branches – particularly to branches inside big retailers.
Federal Bank Regulators Release CRA Updates
The final version of federal bank regulators’ latest attempt to bring the nation’s anti-redlining rules into the 21st century has been revealed after the Federal Reserve Board of Governors voted last month to issue a final rule revamping its Community Reinvestment Act regulations.
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