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Banking & Finance

Fortune magazine recognizes ESL

ESL Federal Credit Union has been named to a list of the 40 best workplaces in financial services and insurance by Fortune magazine. ESL placed 17 on a list that includes small, medium and large companies in both fields. This ...

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School gets grant from foundation

Impressive test scores and a friendship between two influential people led to Rochester Prep High School landing a $250,000 grant from KeyBank Foundation. “The students here do so well, and that impressed me,” said James Barger, KeyBank’s Rochester market executive, ...

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Royal Oak acquires property in Florida

Royal Oak Realty Trust Inc. recently made its 16th acquisition with a $4.65 million deal. It is also the Brighton firm’s first transaction in Florida. The real estate investment trust closed March 10 on Delta Group Electronics Inc.’s manufacturing facility ...

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M&T survey indicates economic optimism

A survey of middle market managers and commercial real estate investors by M&T Bank suggests widespread optimism on the U.S. economy just before President Donald Trump took office.

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New law on cybersecurity affects banks

The state Department of Financial Services’ new cybersecurity regulations that took effect starting Wednesday are touted as a protective shield for consumer data.

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Fed bides its time as inflation remains below target

In a recent report to both the U.S. Senate and the House of Representatives, Federal Reserve Chair Janet Yellen gave a detailed view of the U.S. economy and monetary policy actions. 

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Hedging a tool for firms facing currency flux

Doing business internationally comes with a variety of benefits and challenges—not least the risk that currency values will shift in the time between inking a contract and payment.

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