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Banking & Finance

Developers, funders say tax reform likely won't pull rug out from housing credits

Gregory Seay |

Some Connecticut housing developers and funding agencies, while wary of fallout from recent federal tax reform on the desirability of two popular forms of housing tax credits, are not yet sounding...

Virtus: 4Q net falls; Stamford wealth advisor deal pending

Gregory Seay |

Hartford wealth manager Virtus Investments Inc. posted lower fourth-quarter and full-year profits despite higher revenues.

Simsbury Bank parent's 4Q, '17 net rise

Gregory Seay |

The parent of Simsbury Bank & Trust Co. posted higher fourth-quarter net on its way to increased full-year profits.

2 CT men face 'spoof' trading charges

Gregory Seay |

Two Connecticut men are among eight people accused of manipulating precious-metal trades at the nation's leading commodities exchanges, cheating unsuspecting investors, federal prosecutors say.

Windsor specialty underwriter expands its scope

Patricia Daddona |

Windsor specialty insurance underwriter Business Risk Partners (BRP) said Friday it is expanding its financial services, which may lead to more jobs at the company.

Berkshire Bank parent posts 4Q loss

Gregory Seay |

Massachusetts lender Berkshire Hills Bancorp Inc., with Hartford operations, posted a net loss in the fourth quarter.

SI Financial to boost wages

The parent of Windham's Savings Institute Bank & Trust, which has several bank branches in Greater Hartford, has added its name to the list of companies that will increase wages as a result of the...

Tax charge blunts Farmington Bank’s 4Q net

Matt Pilon |

A one-time charge related to the recent federal tax cuts lowered First Connecticut Bancorp’s fourth-quarter earnings, the Farmington Bank holding company announced Wednesday.

United Financial's 4Q net lower

Gregory Seay |

Hartford community lender United Financial Bancorp Inc. posted lower fourth-quarter net income on its way to greater overall earnings for all of 2017.

CT's '17 home sales absorb Dec. slump

Gregory Seay |

Statewide homes and townhouse/condominium sales and median prices rose in 2017 despite slumping in both categories at yearend, Realtors say.

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