Industry News
Borrowers Fake Income, Employment to Buy Homes
Prices are up, interest rates are rising and it’s tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.
Mobile Money in China: Disruption at Scale
In about 10 years’ time, a completely new payment model built around QR codes has become the dominant payment alternative for the world’s most populous country – China.
Ten Years After Financial Crisis, CT Banking ‘Better than Ever’
Ten years after the collapse of Lehman Brothers and the beginning of the financial crisis, the banking industry in Connecticut has changed dramatically.
East Hartford Mortgage Lender to Terminate Expansion and Begin Layoffs
An East Hartford-based national mortgage lender is terminating a planned expansion of its Connecticut headquarters and laying off up to 35 employees after a dispute with state banking regulators.
Textbook Company Renews Lease in Norwalk
Virtual bookstore and textbook distribution company Akademos Inc. has renewed its lease at 200 Connecticut Ave. in Norwalk.
Simon Konover Organizes Event to Support Local Camps, Raises over $175K
Simon Konover Co. of New Haven helped organize and fund the 10th Annual Camp Challenge for The Hole in the Wall Gang Camp, a camp providing programming to seriously ill children and their families in the Northeast.
Officials Evacuate Hotel Following Chlorine Leak
Authorities in Connecticut said over 100 people had to be evacuated because of a chlorine leak at a hotel pool.
Report: Connecticut Utilities Fended Off Cyberattacks
A new state report said Connecticut’s electric, gas and large water companies successfully fought off a growing number of sophisticated cyberattacks last year.
Close to 200 Aerospace Workers Go on Strike
Close to 200 aerospace workers in Connecticut went on strike against United Technologies Corp.
Savings Institute Employees Donate to Treatment of Substance Abuse and Mental Illness
Employees from Savings Institute Bank & Trust of Willimantic selected causes to donate to from their employee-funded Caring and Giving Program.
A RE/MAX Hot Air Balloon Will Appear to Raise Awareness for Scholarship Fund
New Haven real estate brokerage RE/MAX Showcase will sponsor a 70-foot-tall hot air balloon to appear at the Denali’s Run the Gauntlet 5K Race at Lighthouse Point Park on Oct. 21.
Connecticut Plans New Surveillance Systems at Train Stations
The Connecticut Department of Transportation plans to install surveillance cameras on the platforms at seven more train stations.
Citigroup Hires Three Software Investment Bankers
Citigroup Inc. has hired three investment bankers for its technology investment banking group focused on software in the United States and in Europe, according to a memo published internally at the bank and confirmed by a spokeswoman on Monday.
First County’s Giallongo to Retire Next Year
First County Bank of Stamford recently announced chairman and CEO Reyno A. Giallongo will retire in August 2019. Giallongo has been chairman and CEO for seven years.
Two McLadden’s Restaurants Sold in Simsbury and West Hartford
The Picknelly, Vann and Yee families have purchased three McLadden’s restaurants in Connecticut and Massachusetts as part of the Bean Restaurant Group.
One Dead After Vehicle Strikes DOT Truck Doing Work on Highway
A person has died after crashing into a state Department of Transportation truck doing work on a Connecticut highway.
Columbus Day Parade Relocated Over Police Overtime Dispute
Bridgeport’s century-old Columbus Day Parade will not be held this year due to disputes over police overtime.
How JPMorgan’s CFO Became the Top Prospect to Succeed Dimon
As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime CEO of JPMorgan Chase & Co., known for his bravado, quips and occasional profanity-laced outbursts.
Gartner to Expand Stamford Headquarters, Adding 400 New Jobs
Research and advisory company Garter Inc. will expand its Stamford global headquarters, signing a lease for more space at 700 Fairfield Ave. Gov. Dannel P. Malloy said in a statement that the growth will add 400 new jobs to Stamford over the next five years.
Aer Lingus Will Stay at Bradley International Airport for Four More Years
Aer Lingus service at Bradley International Airport will continue for at least four more years under a new agreement made with the state. The airline will also place one of its first four A321neoLR on the Bradley to Dublin route, a new and more spacious aircraft.
