Banking and Lending

Woman Sentenced For Stealing $1.7M From Employer

A Wethersfield woman was recently sentenced by U.S. District Judge Jeffrey A. Meyer in New Haven to two years in prison for stealing $1.7 million from her former employer, a Connecticut-based computer software company.

Kushner’s Real Estate Firm Received $285M Deutsche Bank Loan Before Election Day

One month before Election Day, Jared Kushner’s real estate company finalized a $285 million loan as part of a refinancing package for its property near Times Square in Manhattan. The loan came at a critical moment. Kushner was playing a key role in the presidential campaign of his father-in-law, Donald Trump. The lender, Deutsche...
FCB Adds Veteran Corporator To BOD

FCB Adds Veteran Corporator To BOD

First County Bank announced that Juanita T. James, president and CEO of Fairfield County’s Community Foundation, has been named to First County Bank’s board of directors. James was officially appointed to the board on June 21.

Fraud Charges Haunt Barclays As Rivals Move On

Barclays is facing 21 regulatory investigations and civil actions mainly in the United States and Britain, its 2016 annual report showed. These include major probes by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).

‘A Big Number’ On Dodd-Frank?

The Treasury Department has produced the proposal for financial regulatory reform that President Donald Trump ordered up four months ago, pursuant to his claim that “we’re going to be doing a big number on Dodd-Frank.”

Credit Cards Losses To Rise Nationally

U.S. credit card losses are likely to rise at JPMorgan Chase & Co. and across the industry, Gordon Smith, head of the bank’s consumer businesses, said at a conference on Tuesday.

US Banks Debut Faster Peer-To-Peer Payments

More than 30 U.S. banks and credit unions are unveiling a unified service to customers this week, called Zelle, after years of watching Silicon Valley innovators from Square to Apple build peer-to-peer payment systems.