(WATERBURY, Conn.)Webster Financial Corp. said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal ...READ MORE
(WASHINGTON)Webster Financial Corp., which owns bank branches throughout the Northeast, plans to write down $8 million in the third quarter for losses on the value of its remaining preferred s...READ MORE
(WASHINGTON)By putting the full weight of its finances behind Fannie Mae and Freddie Mac, the government may have crushed the fortunes of about two dozen small banks.READ MORE
Among the premarket activity stories for Tuesday, Sept. 9, from AP Financial News: SAN FRANCISCO (AP)--Unlike Apple Inc.'s cryptic approach leading up most big product launches, th...READ MORE
(NEW YORK)Shares of Webster Financial Corp. have reached a fair price after a rallying from a multiyear low, a team of analysts said Tuesday, downgrading the regional bank's stock.READ MORE
(CHICAGO)Sovereign Bancorp and Cascade Financial are among the banks that could take a hit on the value of preferred stock they hold in Fannie Mae and Freddie Mac after the U.S. government'...READ MORE