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Loans

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  • Simsbury Bank Posts Lower Quarterly Profits

    SBT Bancorp Inc., parent of Simsbury Bank & Trust Co., posted sharply lower profits in the second quarter, as higher mortgage rates significantly slowed home loan refinancing, the bank announced Thursday.
  • Victims of lending scam targeting military win settlement

    WASHINGTON At first glance, the loans advertised by Rome Finance looked like a good deal for service members who wanted to buy new video game consoles, laptops or flat-screen TVs but didn't have the cash. The Concord, Calif., company offered special...

    As scrutiny mounts, mortgage servicers push into lending

    Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market. By writing new mortgages, non-bank servicers such as...

    Build on rising consumer confidence [Letter]

    Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years...

    UBS facing over $600 million in claims over Puerto Rico funds

    NEW YORK (Reuters) - UBS AG is facing claims of more than $600 million from clients who say the bank is responsible for losses they incurred on investments in risky Puerto Rico debt, UBS said in its quarterly report on Tuesday. The predominantly older...