Federal Reserve Ready to Disappoint Borrowers
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their...Banks, CUs Lost CRE Market Share in Q3
According to a new report from CBRE and data from The Warren Group, the commercial real estate market continues to show signs of improvement. The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., rose by 13...Post-Election Uncertainty Grows for the Fed
The Federal Reserve cut its key interest rate earlier this month by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. The rate cut follows a...Piscataqua Savings Bank CEO to Retire
Piscataqua Savings Bank has announced that President and CEO Joan Gile will retire effective March 31, 2025, concluding 38 years with the bank. “It has been an amazing career, and I will be forever grateful for the privilege of serving with and leading our remarkable...Ledyard Hires Chief Digital Officer
Robert Capozzoli has joined Ledyard National Bank as its new chief digital officer. The newest member of the bank’s senior management team, Capozzoli is responsible for driving digital transformation within the bank. This means, the bank said, he’ll be leading the...This Week’s Paper: Digital Edition
