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Banking & Finance

Dow slides 500 points on Brexit drama, bank selloff

CNNMONEY |

Brexit chaos and sinking bank stocks are combining to deal the stock market another blow.

Ohio CU wants to serve Macy's CT staff

Gregory Seay |

An Ohio credit union wants to put its newest out-of-state branch in Cheshire, serving workers at the Macy's Department Stores order-fulfillment facility there, a Connecticut regulatory filing shows.

CT’s 2019 deposit index rises

Gregory Seay |

Connecticut housing renters and others will earn more interest next year on their security deposits and other escrowed accounts.

Why the stock market is freaking out

CNNMONEY |

Extreme fear is once again sending Wall Street into chaos. Investors are debating whether the longest bull market in American history is nearing an end or just taking a breather.

Chinese investors lead a $5 billion bid for the owner of Louisville Slugger

CNNMONEY |

Chinese investors are leading an attempt to buy Amer Sports, the owner of brands including Louisville Slugger and Wilson, for more than $5 billion.

Thomaston Savings, too, covets Farmington

Gregory Seay |

A second Connecticut lender has been drawn to the Farmington banking market by the recent headquarters loss of one of that town's leading community lenders.

Dow slides 700 points after Huawei executive's arrest renews trade fears

CNNMONEY |

Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.

Dow sinks 800 points as trade truce enthusiasm fades

CNNMONEY |

That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.

United Bank resets its mortgage desk

Gregory Seay |

Hartford community lender United Bank says it has realigned its mortgage-banking operation, resulting in an unspecified number of staff layoffs.

What the US-China truce means for business

CNNMONEY |

The truce between the United States and China means that Corporate America has dodged a massive bullet -- for now at least.

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