News Topic: People's United Bank
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How U.S. Bank, People's United use tech to predict customer needs
The two banks are among those deploying advanced analytics to give customers advice before they may even know they need it. ... Read full article
People’s United buys tech finance firm
The acquisition of VAR Technology Finance bolsters the bank's efforts to expand into new areas of lending. ... Read full article
People’s United’s plan to bulk up in Boston: Target tech firms
The Bridgeport, Conn., company is developing a specialty in banking technology businesses. Like so many other small regionals with ambitious growth plans, it faces a tricky balancing act: how to take creative risks without getting in over its head. ... Read full article
Challenging banking's 'sleepyville' image in wealth management
People's United in Connecticut pored over all the customer data it could find to persuade customers to give the midsize bank — instead of advisory firms and investment houses — a shot at managing their money. ... Read full article
Bulking up: 2018's biggest bank deals so far
Five of the year’s biggest deals by value have been announced in the last two months, including some that involve regional banks that have been champing at the M&A bit. ... Read full article
CRE borrowers are repaying early, and that's a problem for banks
Borrowers can get better rates elsewhere, so they're repaying ahead of schedule, leaving banks in the lurch. The steps lenders would have to take to keep the business could be prohibitively expensive. ... Read full article
Acquisitions drive loan, profit gains at People’s United
The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million. ... Read full article
Home equity beckons, but few ready to embrace it
Home equity lines could double over the next six years. Some banks are actively pursuing the consumer credit opportunity, whereas many still feel stung by the housing crisis, unimpressed by home equity’s comeback so far or fearful of nonbank competition ... Read full article
Holding the (threadbare) line on deposit prices
Even with net interest margins improving, banks are reluctant to raise rates on deposits until more floating-rate loans reprice. But how long can they wait before depositors start demanding higher yields? ... Read full article
Performance before big pay, banks tell executives
So-called performance-share units are pushing aside stock options as the preferred long-term incentive pay for bank executives. Many investors and regulators fear that options can encourage reckless conduct and have other shortcomings, though options still ... Read full article
Bank teams with AARP to tackle ‘epidemic’ of financial fraud
People's United is taking its efforts to raise awareness of financial exploitation to a new level. ... Read full article
