United Bank Could See Major Losses as Result of Alleged Ponzi Scheme
By Bram Berkowitz | April 18, 2019 | Reprints | Unlock Link 
The parent company of Hartford-based United Bank reported another profitable quarter to start the year, but major losses could be coming.
Regulation, Tech, State Economy Pushed Simsbury to Merge
By Bram Berkowitz | April 18, 2019 | Reprints | Unlock Link
With expensive investments in its future, Dodd-Frank regulations to comply with and a sluggish state economy offering few prospects for growth, Simsbury’s board decided to take Liberty Bank’s $71 million offer.
Connecticut Should Expect Picky Buyers This Season
By Diane McLaughlin | Special to The Commercial Record | April 18, 2019 | Reprints | Unlock Link
Homeowners looking to sell this spring could face a growing trend among buyers, especially Millennials. Worried about the long-term health of home values, they want a house that looks ready to appear on HGTV.
Conn. Casino Slots Revenue Down in March, Mass. Casino Revenue Up
By James Sanna | April 17, 2019 | Reprints | Unlock Link
Connecticut’s two resort casinos experienced yet another month of declining slot machine revenues in March, bringing their losing streak to nine months. At the same time, the MGM Springfield casino just across the state line in Massachusetts saw a substantial increase in all types of gaming revenue.
Wallingford Man Pleads Guilty to Bankruptcy Fraud
April 19, 2019 | Reprints | Unlock Link
A Wallingford man waived his right to be indicted and pleaded guilty earlier this week in Hartford federal court to one count of bankruptcy fraud.
Connecticut Loses 1,300 Jobs in March, Financial Sector Gains
April 19, 2019 | Reprints | Unlock Link
Connecticut lost 1,300 jobs in March, according a preliminary report released yesterday by the U.S. Bureau of Labor Statistics; the state’s largest industry trade group blamed the decline on “the state legislature’s continued focus on costly workplace mandates.”
US Home Construction Slips 0.3 Percent in March
By The Associated Press | April 19, 2019 | Reprints | Unlock Link
U.S. home construction slipped 0.3 percent in March, as housing starts are running below last year’s pace in a sign that inventory could be a challenge for would-be buyers.
Lamont Had Preliminary Talks with Private Firms on Tolls
By The Associated Press | April 19, 2019 | Reprints | Unlock Link
Gov. Ned Lamont says he’s had “very preliminary” conversations with private investors who might help develop a proposed electronic highway tolling system in Connecticut.
New York Fed: Trump Tax Reform Could Be Depressing Home Sales
April 18, 2019 | Reprints | Unlock Link
Changes in federal tax laws passed by the Republican-controlled Congress in late 2017 and signed by President Donald Trump could be to blame for depressing home sales in 2018, according to research from the Federal Reserve Bank of New York.
