An East Hartford-based national mortgage lender is terminating a planned expansion of its Connecticut headquarters and laying off up to 35 employees after a dispute with state banking regulators.
Stephen Carbonella, 59, of Hamden, plead guilty yesterday in Hartford federal court to embezzling funds from his employer, Webster Bank Corporation, where he served as bank manager of the Orange branch office.
Glastonbury-based fintech Payrailz has formed a major partnership with a top 20 credit union in the country.
West Hartford-bound Seven Stars Cloud, which will soon change its name to Ideanomics, has hired a new co-CEO.
Nearly half of community banks in the U.S. have not formed a task force for implementing current expected credit loss accounting standards, which is expected to take effect in just two years.
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.
Retail vacancies in Greater Hartford declined for the first time in three years because of a limited development pipeline and conversion of some properties to other uses, according to an industry report.
A Windsor-based fintech has snatched up a leading financial technology provider for the global banking, deal making and capital market communities.
Javed Choudhry, 60, of Glastonbury, was sentenced yesterday in U.S. District Court to eight months of imprisonment, followed by four months of home confinement and three years of supervised release, for conspiracy and tax offenses related to a kickback scheme.
Just a few weeks, West Hartford-bound Seven Stars Cloud struck a three-year, $24 billion deal with the largest full-service operator for electric buses. Shortly after that, the company announced that it is planning to change its name to Ideanomics. Now, the company has made an acquisition.
Connecticut’s labor force is expected to grow at a slower pace than the rest of the country in the coming years.
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.
When Labor Day Weekend is over, Rogers Employees Federal Credit Union will cease to exist.
A Boston-based real estate investment firm has sold an apartment tower in Stamford for $42 million.
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.
Landlords, tenants and brokers have a new clearinghouse to search commercial properties throughout Connecticut.
Glastonbury-based fintech firm Payrailz has a new partnership.
Banks in Connecticut employed more people halfway through the year than at this point last year..
A recently-leased Popeye’s Louisiana Kitchen property in Windsor Locks has been sold for $1.75 million.
The Connecticut Department of Banking announced two enforcement orders in its Aug. 10 bulletin with California-based CMRE Financial Services and two entities involved in exploratory oil and gas investments.