Since their emergence in the late 2000s, alternative lenders have been regarded as the most significant disruption to the lending business in recent memory, excepting the global financial crisis of 2008.
For the second time in three years, 150 Roosevelt Dr. in Derby was sold by Fischer Commercial Real Estate.
Citigroup and Arjuna Capital said in a statement yesterday that Citi is taking steps to provide gender and ethnicity wage data in an effort to help closing the pay gap, making it the first U.S. bank to respond to shareholder concerns.
HK Group has sold an apartment complex and retail space to a developer who plans to refresh the property and include affordable housing units.
Precision Measurement Services Corp. has leased 5,000 square feet at 8 B Commerce Dr.
James Farrell, the former CEO and president of New Haven County Credit Union, has agreed and consented to comply with the terms of a prohibition order from the National Credit Union Association to settle and resolve all claims against him.
The credit card market is stable, but delinquency and charge-offs have modestly increased over the last two years, according to the Consumer Financial Protection Bureau’s biennial report on the state of the credit card market.
Allison Standish-Plimpton has been promoted to senior vice president and business banking team leader for Key Bank’s Connecticut and Western Massachusetts markets. With more than 20 years of experience in commercial banking, she will lead an experienced team of local bankers focused on companies with revenues up to $10 million.
Connecticut is one of 11 states to receive an F grade on its efforts to produce financially literate high school graduates, according to an analysis by Champlain College’s Center for Financial Literacy.
The board of directors of Waterbury Connecticut Teachers Federal Credit Union has recently approved Martin Misset as the company’s new president and CEO, according to multiple media reports.
The biggest winners in the Senate’s proposed Dodd-Frank relief bill would be banks that have not yet crossed the $50 billion threshold, and not yet incurred the additional compliance costs that accompany that threshold.
After serving for over four years as United States Attorney for the District of Connecticut, Deirdre M. Daly announced her resignation on Friday, effective midnight that evening.
Commerzbank, Bank of Montreal, Erste Group Bank and CaixaBank have joined an initiative launched by UBS Group and IBM Corp. aimed at building blockchain-based technology to support trade finance transactions.
New Canaan-based Bankwell Bank has received national recognition for its performance over the last year.
The Simon Konover Co. raised over $140,000 for the 2017 Camp Challenge Ride & Grit ‘N Wit charity event.
The state, absent a budget for Fiscal Year 2018, is on track to end the year with a deficit of $93.9 million under the provisions of an executive order by the governor, according to a statement by Comptroller Kevin Lembo.
The banking industry boosted earnings in the second quarter of 2017 with net income for the quarter surpassing $48 billion, a 10.7 percent increase from one year ago, according to data from the Federal Deposit Insurance Corporation.
JPMorgan Chase & Co. said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester.
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.