Bank of America

🔒Lower borrowing costs could boost lending in 2026 as CT bankers weigh MA, expansion plans and cyber risks

Connecticut banks see brighter 2026 outlook after 82% posted higher third-quarter profits, with interest rate cuts expected to spur refinancing and loan growth despite competition from nonbank lenders.

🔒Bank of America wins property tax appeal against West Hartford

A Connecticut Superior Court judge ruled in favor of Bank of America in a property tax dispute...

🔒Bank of America, Webster remain in tight race for deposit dominance in Connecticut

Bank of America and Webster Bank are nearly tied for the largest share of deposits in Connecticut.

Bank of America raises minimum wage to $21/hr., $25/hr. planned for 2025

Bank of America has raised its U.S. minimum hourly wage to $21 and plans to increase that...
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Business leaders must address health disparities, racial inequality in CT

Despite ranking as one of the healthiest states in the country, Connecticut’s predominantly Black and Hispanic-Latino communities continue to experience major health disparities, as revealed by recent data from the Connecticut Health Foundation. This disconnect became even more apparent when the state’s Black and Hispanic-Latino residents were found to be three more times likely to test positive for the coronavirus than white residents.

Bank of America widens CT deposit market share lead

The pecking order at the top of the Connecticut banking food chain has remained intact over the past year.

Bank of America pledges $1 billion to fight racial inequality

Bank of America is donating $1 billion over the next four years to community programs and small businesses to help address economic and racial inequality that has been exacerbated by Covid-19.

🔒COVID-19 upends summer internship programs

Everything went smoothly for Nate Carr earlier this year when he applied for a summer internship at Travelers Cos. Inc. in Hartford.
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Big banks accused of favoring more lucrative small business loans in coronavirus program

Four of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees.

Big banks built a $35 billion fortress to protect against coronavirus bankruptcies and defaults

Officials in Washington are trying hard to minimize the amount of bankruptcies, defaults and foreclosures caused by the coronavirus pandemic. America's big banks are planning for the worst anyway.
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