Bank of America to Raise Minimum Wage to $25 per Hour
Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025. It would be the highest minimum wage paid by a big bank and could pressure rivals to follow suit. Wages have been rising at major banks in recent years amid pressure...
Only Five NH Lenders Join Fed Program
The Federal Reserve Bank of Boston has published a state-by-state listing of the initial lenders participating in the Main Street Lending Program, but only five financial institutions operating in New Hampshire have joined so far. Authorized by the CARES Act, the...
PPP Loan Demand Challenges Granite State Banks
With thousands of small businesses lining up across New Hampshire to access $349 billion in federal rescue loans on the morning of April 3, many faced difficulties being ready to process the applications thanks to tardy government guidance. The program, called the...
Local Lenders, Big Banks Competed for Dominance in 2019 Mortgage Market
The top mortgage lenders in New Hampshire slipped from their 2018 numbers while newcomers surged onto the field in 2019, according to analysis of mortgage data by The Warren Group, publisher of The Registry Review. Many of the top banks, credit unions and mortgage...This Week’s Paper: Digital Edition
