Banking and Lending
A former Goldman Sachs Group Inc. partner had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter.
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.
Urstadt Biddle Properties Inc. on Friday reported a key measure of profitability in its fiscal third quarter.
The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co.’s wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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.
A former Connecticut apartment manager will avoid prison time in a rental income theft case, under a plea deal that includes her paying restitution.
A Connecticut attorney who admitted defrauding millions of dollars from elderly clients faces five to six years in prison under a plea bargain.
Verizon Communications Inc.’s head of media and advertising business Tim Armstrong is in talks to leave the U.S. wireless carrier, the Wall Street Journal reported on Friday, citing people familiar with the matter.
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.
FuelCell Energy Inc. on Thursday reported a loss of $15.9 million in its fiscal third quarter.
Citigroup Inc.’s longtime CFO John Gerspach will retire in March, to be replaced by Mark Mason, CFO of the institutional clients group, the third-largest U.S. bank told employees on Tuesday.
In an effort to create a better customer experience, drive incremental sales and build customer loyalty, many financial institutions around the world have been tracking customer interactions in the online and mobile banking channels.
Connecticut’s labor force is expected to grow at a slower pace than the rest of the country in the coming years.
Bridgeport and Waterbury are ranked in the bottom ten of WalletHub’s newest ranking of real estate markets in the country. Out of 300 cities, Waterbury ranked 291, Bridgeport ranked 290 and Hartford ranked 283.
A Windsor Locks resident was sentenced to 36 months in prison, followed by three years of supervised release, for money laundering and drug trafficking that distributed heroin and prescription meds across the state.
Goldman Sachs Group Inc. is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter.
College students in Connecticut are graduating with some of the highest debt levels in the country.
Banking & Lending Top Block
- East Hartford Mortgage Lender to Terminate Expansion and Begin Layoffs
- Former Shelton Resident Admits Embezzling $326K from Employer
- Real Estate Agent Arrested After Leaving Young Girls in Hot Car
- Bank Manager Admits Embezzling $879K from CD Accounts
- Webster Bank Hires New CIO