In "
Indeed, its nonperforming loans and a financial condition which in other banks would have simply meant failure attest to the opposite conclusion.
So if ShoreBank "earned" its concessionary capital infusion, it did so as a worthwhile and politically-connected charitable organization — certainly not as a business.
Alex J. Pollock
Resident Fellow
American Enterprise Institute
Washington, D.C.
Transactions grew larger and more frequent this year. As a result, aggregate value more than tripled from 2023 and topped $15 billion.
Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
This year saw the impact of Donald Trump's return to the White House, the first rate cut from the Federal Reserve in roughly four years and more.
The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
A roundup of the past year's profiles of senior executive women in banking and finance.
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
