Community bankers brace for rough year — and worse 2020


Concerns about an economic slowdown, rising deposit prices and cybersecurity abound, a survey found.


Risk is building in the housing market


Home prices are rising and first-time buyers now account for an increasing share of sales, factors that could lead to a surge in defaults during the next economic downturn.


CECL will strengthen, not hinder, financial system


Banks have criticized the new accounting standard, but it would likely soften future bubbles and reduce subsequent credit crunches by requiring that reserves be held upfront when loans are made.


Mortgage market is ripe for fraud (again)


Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and increases the risk of fraud.


Trump says ‘nervous mess’ Dimon lacks smarts for presidency


The Thursday morning tweet came in response to comments from JPMorgan Chase CEO Jamie Dimon in which the banker questioned the president's intelligence.


Bank organizers zone in on Arizona


At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.


How credit card issuers are prepping for the next downturn


Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly.


Bill giving SBA power to stem 7(a) shutdowns passes House


The legislation, which still needs Senate approval, would let the head of the Small Business Administration raise the program's cap in periods of heavy demand.


Former Webster CEO Smith decides against run for Connecticut governor


James Smith said his late enrollment in the state’s Republican Party meant he would be ineligible to be a candidate in its August primary and that he did not want to disrupt the nomination process.


Former Webster CEO Smith mulls run for Connecticut governor


James Smith said he would decide soon whether he’ll seek the Republican nomination for governor. He said he was inspired partly by his recent work on a commission tasked with recommending fixes to the state’s fiscal and economic problems.