Banking and Lending
Garret Smith, a serial entrepreneur who has worked in the banking industry for years, has developed a new, national marketplace for banks and other lenders to sidestep loan brokers and their loacalized networks as they seek to diversify their loan portfolios.
Insured deposits at financial institutions would see a bump if Congress provided legal safety for those banking marijuana businesses.
Gov. Ned Lamont has signed a bill that will raise Connecticut’s minimum wage to $15 an hour by 2023.
Global Payments will buy Total System Services in an all-stock deal valued at $21.5 billion, the third major acquisition in the payment technology sector this year.
Jill Nowacki has left her position as CEO of the Credit Union League of Connecticut to start doing consulting for the industry.
Fewer small businesses in Connecticut applied for financing last year compared to the national rate.
American consumers felt more confident this month, shrugging off a rocky stock market and heightened trade tensions between the United States and China.
A longtime board member of Lakeville-based Salisbury Bank has died shortly after stepping down from his role as chairman.
The recently announced merger of two mortgage originator and servicing companies will create the seventh largest servicer in the United States.
The bill cleared the Democratic-controlled Senate on a mostly partisan 21-15 vote. Lamont expressed concern the legislation would discourage private insurance companies from bidding on the project, leaving the state to run the program.
The parent company of Stamford-based Patriot Bank is no longer pursuing the acquisition of Los Angeles-based Hana Small Business Lending.
A Hamden man waived his right to be indicted and pleaded guilty yesterday to one count of wire fraud stemming from a long-running embezzlement scheme.
A new tax era takes some time to become adjusted to; you need to become educated about these dramatic changes and fully understand their nuances, so you can realize maximum benefit.
Gov. Ned Lamont on Tuesday called on Connecticut lawmakers to focus on reaching a state budget deal in the remaining two weeks of the legislative session and tackle electronic tolls in a special legislative session.
A Bridgeport man pleaded guilty yesterday in Bridgeport federal court to one count of bank robbery and admitted that he committed a total of three bank robberies and two Subway store robberies in Connecticut last year.
Connecticut lawmakers and Gov. Ned Lamont are trying to craft a complicated plan in the waning days of the legislative session that could lead to electronic tolls on a handful of highways, a process that’s been made more challenging by the need to ultimately obtain federal approval.
April rent prices in Connecticut were all over the spectrum, depending on the city, with rates below and above national averages.
Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt but currently does not see the types of threats that triggered the 2008 financial crisis.
Democratic lawmakers passed legislation that incrementally increases Connecticut’s minimum wage to $15 an hour by 2023.
The parent company of Boston-based Berkshire Bank has received all regulatory approvals and expects to close on its acquisition of the parent company of Willimantic-based Savings Institute Bank & Trust at the end of the business day tomorrow.