banks

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Bank profits continue to rise. A report out by the FDIC says bank earnings for the first quarter of this year rose 13 percent. That's on top of what was already a record setting year in 2016. Higher interest rates account for most of the gains.

Of the top 100 cities around the country with homes under water financially, Hartford has the most. More than half of homeowners there owe more than their homes are worth, according to a study out Thursday. 

Connecticut Plagued by a Soaring Foreclosure Rate

Jan 2, 2014
Kaomi Goetz

Last month, foreclosure filings sunk to the lowest number since the housing crisis began eight years ago. Home prices are up nationwide. But the recovery isn’t being felt everywhere. In fact, in some states like Connecticut, foreclosures are soaring.