Banking and Lending
Guilford Savings Bank Receives OK to Reorganize as Stock Bank
By Diane McLaughlin | November 20, 2019 | Reprints | Unlock Link
Though it does not intend to issue common stock, Guilford Savings Bank plans to reorganize as a stock bank and has received approval from Connecticut’s banking commissioner to move forward.
Former Credit Union CEO Sentenced for Bank Fraud
By The Commercial Record | November 20, 2019 | ReprintsThe former CEO of New Haven County Credit Union was sentenced to two years of supervised release for participating in a scheme to transfer credit union funds to an East Haven restaurant.
Trump Summons Powell to Discuss Rates Amid His Attacks on Fed
By The Associated Press | November 19, 2019 | Reprints | Unlock LinkPresident Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates – issues on which Trump has repeatedly attacked the Fed.
Speeding Up CT to NYC Commute Key Focus of Lamont, GOP Plans
By The Associated Press | November 18, 2019 | Reprints | Unlock LinkMaking it easier and faster to travel to and from New York City is a big selling point for two newly proposed multi-billion-dollar plans to overhaul Connecticut’s transportation system.
US-British Diplomatic Clash in Store Over Caribbean Killing Involving Darien Banker?
By The Associated Press | November 15, 2019 | Reprints | Unlock LinkOfficials in Anguilla are preparing a warrant for the arrest of a Darien man who refused to return to the Caribbean island to face charges in the death of a hotel resort worker, the attorney general for the British territory said Tuesday.
CT Senate Republicans Unveil No-Tolls Transportation Plan
By The Associated Press | November 15, 2019 | Reprints | Unlock LinkSenate Republicans in Connecticut unveiled an alternative transportation plan on Thursday that doesn’t rely on tolls or tax increases but includes many of the same projects proposed by Democratic Gov. Ned Lamont.
Scientists Unable to Confirm High-Profile Study of Banker Dishonesty
By The Associated Press | November 15, 2019 | Reprints | Unlock LinkScientists say they were unable to confirm a highly publicized 2014 study that suggested banking culture can promote dishonesty.
Union Savings Bank Gives Away $200,000 to Local Nonprofits
By The Commercial Record | November 14, 2019 | Reprints | Unlock LinkUnion Savings Bank’s charitable foundation has awarded $200,000 in grants to 20 nonprofit organizations.
Lamont Gets Pushback on Tolls from Senate Democrats
By The Associated Press | November 14, 2019 | Reprints | Unlock LinkA key bloc of Connecticut state lawmakers, Senate Democrats, told Gov. Ned Lamont on Wednesday they like many of the projects in his new, 10-year transportation improvement plan, but they don’t like relying on tolls to partially pay for them.
Report: Google to Offer Bank Accounts in Citibank Partnership
November 14, 2019 | Reprints | Unlock LinkTraditional bankers’ fears of Big Tech companies jumping into the banking sector could be starting to come true.
As Housing Market Changes, Lenders Try Education, Tech Changes
By Diane McLaughlin | November 14, 2019 | Reprints | Unlock LinkWhile low interest rates helped spur Connecticut’s 2019 mortgage market, issues facing potential homebuyers continue to affect the industry.
New Haven Senior Facility Lands Financing from Fairfield Investment Bank
By The Commercial Record | November 13, 2019 | Reprints | Unlock LinkExpansion plans for the Mary Wade Home in New Haven are moving forward thanks to more than $45 million in financing from HJ Sims, a Fairfield-based investment bank and wealth management firm.
Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
By The Associated Press | November 13, 2019 | Reprints | Unlock LinkFed Chairman Jerome Powell said the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy slows enough to cause policymakers to make a “material reassessment” of their outlook.
Lamont Says He Plans to Hold Forums on Transportation Plan
By The Associated Press | November 13, 2019 | Reprints | Unlock LinkGov. Ned Lamont says he’ll hold public forums on his new transportation improvement plan.
Darien Banker Charged in Hotel Worker’s Death Skips Hearing
By The Associated Press | November 12, 2019 | Reprints | Unlock LinkA Darien man charged in the death of a hotel worker he says attacked his family in Anguilla has declined to return to the British Caribbean territory for the latest pretrial hearing, a spokesman said Monday.
Investment Manager Calls on Banking Industry to ‘Decarbonize’ its Balance Sheets
November 12, 2019 | Reprints | Unlock LinkA new report from Boston Common Asset Management finds that, while risk assessment tools and green banking industry initiatives have expanded in recent years, more changes are needed within the financial industry to manage climate-related risks.
Lamont Expected to Make Push for Transit Funding Plan
By The Associated Press | November 11, 2019 | Reprints | Unlock LinkGov. Ned Lamont and his administration are expected to spend the coming days and weeks pitching the Democrat’s new transportation improvement plan.
KeyBank Donates $75K to Help Veterans Become Business Onwers
November 8, 2019 | Reprints | Unlock LinkOfficials with KeyBank has presented a $75,000 grant to support a University of Connecticut program that helps U.S. military veterans become small business owners.
Republicans Say They Have ‘Serious Concerns’ About Lamont Transportation Plan
By The Associated Press | November 8, 2019 | Reprints | Unlock LinkGov. Ned Lamont officially unveiled his latest transportation improvement plan Thursday, expressing a willingness to compromise, but noting an urgency to finally address Connecticut’s long-standing transportation challenges.
Consumer Borrowing Rises, Led by More Auto and Student Loans
By The Associated Press | November 8, 2019 | Reprints | Unlock LinkConsumer borrowing rose in September at a modest pace, driven by more student and auto loans, though a category that mostly includes credit cards fell for the second straight month.
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