Banking and Lending
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.
The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.
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.
Total mortgage applications increased 0.6 percent during the week ending June 16 from the previous week, according to the Mortgage Bankers Association.
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 former Nomura RMBS trader was recently convicted of fraud conspiracy.
Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.
The Department of Banking, in collaboration with LPL Financial and the Connecticut Insurance Department, held an elder fraud training in Farmington with LPL Financial advisors.
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.”
When it comes to industries, Wall Street is about as male-dominated as they come. So many people just assume that men are better investors. And they would be wrong.
Goldman Sachs Group Inc. has collected more than $7 billion for a fund which purchases secondhand stakes in private equity funds, far exceeding its initial target, according to two people familiar with the matter.
A Bristol woman recently pleaded guilty to participating in an IRS impersonation scam.
Men from Connecticut and Minnesota who were convicted for their roles in a multimillion dollar scheme that defrauded banks participating in a federal loan program designed to finance exports are headed to prison.
Jean McGran has joined Chelsea Groton Bank as a new assistant vice president and regional sales and service manager.
The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent.
As the “convenience is king” retail paradigm continues to influence banking, we are seeing the emergence of a new technology and additional delivery channel that could greatly expand the possibilities of the humble ATM.
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.
Morgan Stanley is developing a new digital mortgage application tool in a bid to get more of its existing clients to turn to it for home loans, its wealth management technology head said in a statement on Tuesday.
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.
Banking & Lending Top Block
- Hartford Attorney Sent To Prison For 3 Years For Pump And Dump Scheme
- Fast Casual Italian Joint Set To Open Late Summer
- Former Bankruptcy Attorney Admits To Stealing Millions From Clients
- Glastonbury Construction Employee Pleads Guilty To Kickback Scheme
- Bridgeport Attorney Charged With Real Estate-Related Wire Fraud