Banking and Lending
The latest consumer confidence survey by InformCT found that 80 percent of state residents believe that overall business conditions in Connecticut will get better or stay the same over the next six months; however, few say they will refinance their home or purchase a new one in the next six months.
With the addition of Farmington Bank, People’s United Financial is on the threshold of crossing the $50 billion mark its CEO identified nearly four ago as the company’s goal – and continues to scout deals that could push it over the top.
Naugatuck-based Ion Bank has a new leader.
KeyCorp’s recent acquisition of the digital lending platform of Laurel Road Bank raised questions on the bank’s recent earnings call.
The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints.
A TV journalist known for confronting would-be child predators has been snared himself in a police investigation alleging he wrote bad checks for $13,000 worth of marketing materials.
People’s United Financial Inc. on Thursday reported fourth-quarter profit of $132.9 million.
The leader of Connecticut’s state college and university system has directed schools to suspend tuition payments for students impacted by the federal shutdown.
Cleveland-based KeyBank is planning to purchase the online lending business of Darien-based Laurel Road Bank.
The state government will partner with private banks in order to assist federal workers impacted by the shutdown.
A Connecticut lawmaker who wants to end the practice of moving the clocks forward and back every year has proposed legislation that could ultimately lead to a change in the state’s time zone and possibly New England’s as well.
The government shutdown appears to be dulling loan application approval rates at small financial institutions.
Seven projects in Connecticut have received nearly $5.9 million in financing from the Federal Home Loan Bank of Boston, which will fund the creation or preservation of 147 affordable housing units.
Hamden-based Wepawaug-Flagg Federal Credit Union has changed its name to CrossPoint Federal Credit Union, according to its website.
The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring.
Hundreds of thousands of federal workers and contractors are feeling the pinch of the prolonged government shutdown, and many are taking out loans and making tough choices about what bills to pay.
Democrat Ned Lamont was sworn in as the 89th governor of Connecticut on Wednesday, pledging to be a “straighter shooter, an honest broker and a good listener” who will not allow the state’s budget challenges to define the next four years.
Citizens Bank has been at the forefront of creating great digital experiences for its customers, forming several partnerships with various fintech companies. Lamont Young has been at the center of these efforts.
Webster Financial Corp. had more consumer complaints in 2018 than any other bank in Connecticut.
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