Ten years after the collapse of Lehman Brothers and the beginning of the financial crisis, the banking industry in Connecticut has changed dramatically.
Glastonbury-based fintech Payrailz has formed a major partnership with a top 20 credit union in the country.
Layoffs at Farmington Bank were only a matter of time after it was announced earlier this year that the bank would be acquired by People’s United Bank. But those layoffs are now much closer to reality.
Danbury-based Union Savings Bank is planning to reorganize into a mutual holding company, a move that could pave the way for a future merger or expansion of the bank’s offerings.
The new $1 billion MGM Resorts International casino opened in Springfield will be credit positive, Moody’s Investor Service said Tuesday.
Seven Stars Cloud Group, a New York-based global fintech with plans to establish its headquarters in West Hartford later this year, is changing its name.
Banks in Connecticut employed more people halfway through the year than at this point last year..
A nongovernmental organization focused on fairness in the financial services industry has come out against People’s United Bank’s proposed acquisition of the parent company of Farmington Bank.
Al Alper has been working in the cybersecurity space for close to three decades. In 1991, he founded Wilton-based Absolute Logic, an information technology and security firm that provides cybersecurity, compliance, technology support and consulting to businesses of all sizes.
The parent of Farmington Bank had solid profits in the second quarter as it prepares to be acquired.
Profits at the parent company of Hartford-based United Bank slowed in the second quarter due to unforeseen expenses, but growth is shaping up solid for the rest of the year.
The Office of the Comptroller of the Currency announced yesterday that it would begin accepting applications for national bank charters from fintech companies, a move that could streamline the regulatory process for innovators in the banking space.
Long-term strategic investments helped Webster Bank to a strong second quarter, even as the company continued to see fierce competition from nonbank lenders in commercial real estate.
With the world of banking getting more and more digital every day, financial institutions need to be creative with physical branches to ensure they are efficient, but still able to successfully generate foot traffic.
Holyoke-based PeoplesBank is expanding into Connecticut.
The parent company of Berkshire Bank continued to grow loans and deposits at a healthy clip during a time of deposit competition and spread compression.
The top regulator at the Federal Reserve has provided more clarity into how the agency plans to regulate banks between $100 billion and $250 billion, following the passage of the Dodd-Frank relief bill earlier this year.
Financial information, bank account logins, IP addresses, domain names and other financial records are considered valuable details that can be used for many types of attacks. Now, more of that data is being offered on the black market.
Martin Geitz is the president and CEO of the roughly $514 million asset Simsbury Bank.
The parent company of Stamford-based Patriot Bank has raised $10 million in a private placement offering, a portion of which will be used to acquire Hana Small Business Lending.