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Blue Ocean’s Sarenski discusses how things have changed since recession, market downturn
SYRACUSE — Theodore (Ted) J. Sarenski, president and CEO of Blue Ocean Strategic Capital, LLC in Syracuse, says the 2007-2009 financial-market downturn, when stocks fell by more than 50 percent, caused substantial changes that still ring true today, including clients’ behavior. But other things, such as his firm’s approach to making investment decisions, have stayed […]
The Wealth of Nations is Their Freedom
In 1776, Adam Smith in, “The Wealth of Nations,” theorized that “When institutions protect the liberty of individuals, greater prosperity results for all.” Institutions are significant national practices, rules, or organizations that frame the environment in which goods are produced. Institutions help determine acceptable behavior and establish the incentives that stimulate or prevent economic growth.
Community bankers group takes on regulatory burden
Like its fellow community banks, Tioga State Bank is a locally owned and operated financial institution that reinvests, within the communities it serves, the dollars
Pathfinder Bancorp Q2 profit falls 18 percent
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent of Pathfinder Bank, recently reported that its profit slipped 18 percent in the second quarter. Pathfinder announced
New York A.G., consortium settle with military consumer lender
WATERTOWN, N.Y. — New York is among several states that have reached a settlement with a military-consumer lender that provides nearly $92 million in debt
Tompkins Financial announces stock buyback program, reports earnings
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) has authorized the repurchase of up to 400,000 shares of the company’s common stock outstanding. Purchases may
Standard & Poor’s upgrades N.Y. credit rating to AA+
Standard & Poor’s (S&P) Ratings Services last week upgraded New York’s general-obligation (GO) bonds to “AA+” with stable outlook from the previous rating of “AA.”
First Niagara’s second-quarter profit edges up 4 percent
BUFFALO, N.Y. — First Niagara Financial Group, Inc. (NASDAQ: FNFG) today reported that its second-quarter net income increased to $66.2 million, or 19 cents a
M&T Bank profit falls 18 percent in 2nd quarter
BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB), Central New York’s largest bank ranked by deposit market share, today reported that its second-quarter net income
HSBC’s Masse elected to Public Policy Institute board of trustees
Michael J. Masse, HSBC Bank USA, N.A., senior vice president, was recently elected to the board of trustees of The Public Policy Institute of New
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