Banking and Lending
Employees of Thomaston Savings Bank Foundation chose 20 nonprofits to receive $1,500 one-time donations under the bank’s Act to Impact campaign.
Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China.
Trumbull-based America’s First Network Credit Union is about to complete one merger and last week applied for another.
Michael Boardman has been appointed executive vice president at Bridgeport-based People’s United Bank, head of wealth management and a member of the bank’s management committee.
U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market.
Berkshire Bank has created the role of regional president for each of its markets and promoted eight executives to lead the regions.
For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon.
Thomaston Savings Bank has named Rosemary Briglia as executive vice president and chief operating officer following the retirement of former COO, Jim Nichol.
As part of its planned expansion of commercial banking talent and resources across the Northeast, KeyBank announced today that Matthew E. Hummel has joined the bank in the newly created position of commercial banking team leader, reporting to Market President James Barger.
As the cost of hacking falls while opportunities to dig into peoples’ online lives multiply, more and more people are likely to end up as targets, even if they’re not the richest individuals in the world, experts say.
After more than four decades at the institution founded by his father, former Webster Bank CEO and current Chairman James Smith will retire in April.
Connecticut lawmakers will revisit whether to allow recreational use of marijuana among people 21 and over in the new legislative session, but it remains questionable whether 2020 will be the year a bill clears the full General Assembly.
Hartford-based Covr Financial Technologies announced that Jim Gothers has been appointed as head of national sales for its financial institution business.
Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank’s sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry.
Bridgeport-based People’s United Bank has sold United Bank’s legacy ResX Warehouse Lending portfolio to The Provident Bank in a transaction completed on Jan. 17.
A new economic action plan will be rolled out in Connecticut that will include incentives to attract employers to its cities and promote the growth of women-and-minority-owned businesses, according to a top state official.
Middletown-based Liberty Bank has added three commercial bankers to expand the bank’s market presence in Connecticut and enhance its credit risk function.
Commercial landlords looking for financing to upgrade the energy efficiency of their buildings now have an extra reward on offer for doing so.
MTA Metro-North announced that its on-time performance increased 4.3 percentage points in 2019, rising to 94.4 percent, the best performance in six years.
Major central banks have joined together to explore whether they should issue cryptocurrencies as the use of cash declines and more people turn to electronic forms of paying.