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Banking & Finance

People's United taps senior exec as president

Joe Cooper |

Bridgeport regional lender People's United Financial Inc. on Friday named Jeff Tengel as its president.

Horizon's 1Q net dips

Gregory Seay |

Farmington specialty financier Horizon Technology Finance Corp. posted lower net investment income in the first quarter.

Conning: CT’s credit quality flat at 46th

Matt Pilon |

Not much has changed about the way Hartford-based investment manager Conning perceives Connecticut's credit quality.

Berkshire Bank's 1Q net soars

Gregory Seay |

Boston community lender Berkshire Hills Bancorp, with branches in Connecticut, relied on expanded commerce and lower federal income taxes to post a 63 percent gain in first-quarter net.

Berkshire Bank's Simsbury branch bows

Gregory Seay |

Massachusetts lender Berkshire Bank has opened a Simsbury branch, its eighth in Connecticut.

Former Webster Bank CEO Jim Smith eyes GOP gubernatorial run

Greg Bordonaro |

Jim Smith, the former Webster Bank CEO who recently co-chaired a state-sanctioned commission that proposed vast changes to Connecticut's tax and economic policies, is eyeing a run for governor.

Report: PE firm offers CT $2B to sell its public assets

Matt Pilon |

A Chicago private equity firm has offered as much as $2 billion to purchase various state and Hartford-owned properties and lease them back to the government, Bloomberg reported Thursday.

Buy high and keep buying? Analysts bullish on already hot stocks

CNNMONEY |

Wall Street analysts are as bullish as ever on America's top companies -- despite (or maybe because of) the recent market turmoil.Of the more than...

Greenwich specialty financier acquires Oregon healthcare lender

John Stearns |

Greenwich-based specialty finance company CNH Finance LP has expanded its national commercial healthcare lending business by acquiring Triumph Healthcare Finance.

CT economist: No recession lurking

Gregory Seay |

The prospect for Connecticut's and the U.S. economies lapsing into recession anytime soon are remote, but new trade tariffs, a jittery stock market, plus this state's stubborn job recovery and...

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