Banking and Lending
Berkshire Bank’s Chief Human Resources Officer Resigns
By Bram Berkowitz | March 18, 2019 | Reprints | Unlock Link
Since taking over at the end of last year, Berkshire Bank’s President and CEO Richard Marotta has made it clear he wants to focus on workplace culture, diversity and inclusion.
Man Pleads Guilty to Impersonating Others at Banks
By The Associated Press | March 18, 2019 | Reprints | Unlock LinkA Michigan man has pleaded guilty in New Hampshire to impersonating others to withdraw or attempt to withdraw over $90,000 from banks in five states.
Group of Lawmakers Seek Higher Taxes on Connecticut’s Rich
By The Associated Press | March 18, 2019 | ReprintsA group of Connecticut lawmakers is pushing to include higher taxes on the wealthy in the next state budget.
Expectations of Weaker Economy Unite Small Business Owners
By The Associated Press | March 18, 2019 | ReprintsAlthough small businesses vary widely in terms of size, industry and issues, they do appear to be generally united by a growing uneasiness about the economy.
Arthur J. Gallagher & Co. Buys Shelton Insurance Firm
March 15, 2019 | Reprints | Unlock LinkIllinois-based Arthur J. Gallagher & Co. has scooped up a Connecticut insurance firm.
US Job Openings Rise, Outnumber the Unemployed by 1M
By The Associated Press | March 15, 2019 | Reprints | Unlock LinkU.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November. It’s evidence that businesses are still hungry for workers despite signs the economy has slowed.
Florida Man Sentenced to Prison for CT Bank Robbery
March 14, 2019 | Reprints | Unlock LinkA Florida man was sentenced yesterday by U.S. District Judge Vanessa L. Bryant in Hartford to 100 months of imprisonment, followed by three years of supervised release, for a Connecticut bank robbery, two armed robberies in Florida and a carjacking in South Carolina.
Windsor Locks Federal Credit Union Promotes Two After CEO Retirement
March 13, 2019 | Reprints | Unlock LinkWindsor Locks Federal Credit Union has appointed two new executives in the wake of the former president and CEO’s retirement.
New CEO Sets Berkshire Bank on Different Strategic Path
By Bram Berkowitz | March 12, 2019 | Reprints | Unlock LinkWith former CEO Michael Daly’s departure now months in the past, the new path forward for Berkshire Bank is starting to get more clear.
Connecticut Residents Oppose Highway Tolls in New Survey, With Key Exception
March 12, 2019 | Reprints | Unlock LinkA new poll from Sacred Heart University shows a majority of Connecticut residents oppose Gov. Ned Lamont’s plan to put tolls on the state’s major highways using electronic tolling.
Three Banks in CT Named Some of the Best in the World
March 11, 2019 | Reprints | Unlock LinkLiberty Bank, People’s United and Webster Bank have been named three of the best bank’s in the world, according to Forbes.
New Haven Man Pleads Guilty to Robbing West Haven Bank
March 11, 2019 | Reprints | Unlock LinkA New Haven man pleaded guilty last week to one count of bank robbery, a crime committed while on supervised release for armed bank robbery in the mid-1900s.
Liberty Bank Announces New CEO and President
March 8, 2019 | Reprints | Unlock LinkMiddletown-based Liberty Bank has chosen its next leader.
Wall Street’s New Dress Code Raises Question: What to Wear?
By The Associated Press | March 8, 2019 | Reprints | Unlock LinkGoldman Sachs sent an internal memo this week announcing the time was right “to move to firmwide flexible dress code” while urging its 36,000 employees to “exercise good judgment in this regard,” but what does that mean?
CT U.S. Attorney’s Office Collects More Than $49 Million in Civil and Criminal Actions in FY18
March 7, 2019 | Reprints | Unlock LinkThe U.S. Attorney’s Office for the District of Connecticut collected more than $49 million in criminal and civil actions in fiscal year 2018, more than $7 million which was collected in criminal actions and more than $42 million from civil actions.
The Case for Narrow Banking
By Bram Berkowitz | March 7, 2019 | Reprints | Unlock LinkWhen the Federal Reserve began paying interest on reserves, James McAndrews saw an unmet demand in the institutional investor marketplace for a safe deposit service that would pay a more competitive interest rate. From this has sprung McAndrews’ latest venture, TNB USA Inc.
Waterbury Investment Advisor Charged with Additional Counts in Fraud Scheme
March 6, 2019 | Reprints | Unlock LinkA Waterbury investment advisor is being charged with fraud and money laundering offenses stemming from an investment scheme that defrauded individuals of more than $1 million.
Fintech Firm Payrailz to Partner with Digital Federal Credit Union
March 6, 2019 | Reprints | Unlock LinkThe Glastonbury-based fintech firm Payrailz has landed a big fish.
Liberty Bank to Spend $15.5M to Settle Redlining Lawsuit
By Bram Berkowitz | March 5, 2019 | Reprints | Unlock LinkA lawsuit from the Connecticut Fair Housing Center alleged that loan originators at Middletown-based Liberty Bank denied African American and Latino applications at significantly higher rates than those from white applicants.
Southington Woman Charged in Bank Fraud Scheme
March 5, 2019 | Reprints | Unlock LinkA federal grand jury in New Haven yesterday returned a five-count indictment alleging that Lydia Cabrera, 36, of Southington, embezzled from her employer.
