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Banking & Finance

Wells Fargo's bottom line is growing despite shrinking deposits and loans

CNN BUSINESS |

Wells Fargo's lending and deposits continue to shrink but the crisis-stricken bank managed to grow its bottom line during the first quarter.

One of 2019's top stocks is a 113-year-old company

CNN BUSINESS |

Investors are infatuated with hot, young, rapidly growing tech companies. So you might be surprised to learn that the second-best performer in the S&P 500 has been around for more than a century.

CT bankers want to get tough on cyber criminals

Gregory Seay |

The Connecticut Bankers Association (CBA) wants to toughen penalties on cybercriminals by increasing fines and potential jail sentences on hackers and others who try to break into lenders' digital...

SIFI's stockholders OK merger

Gregory Seay |

Windham's SI Financial Group Inc. (SIFI) is a step closer to finalizing its $180 million merger with Boston's Berkshire Hills Bancorp Inc. following SI shareholders' approval of the all-stock deal.

Mongellow succeeds CT Bankers' Pinkham

Gregory Seay |

Thomas S. Mongellow is moving from the No. 2 post at the Connecticut Bankers Association (CBA) to succeed Lindsey R. Pinkham as president and CEO.

People’s United closes Boston-bank buyout

Gregory Seay |

Bridgeport super-regional lender People's United Financial Inc. says it completed its second Northeast bank buyout in five months, closing its $327 million stock purchase of tiny Boston lender...

Corporate America loves deregulation. Then why is it pushing for these rules?

CNN BUSINESS |

Corporate America is once again in a fight over regulation. Except this time, large businesses have switched sides: they're actively asking the government to impose new rules.

Goldman Sachs made 220 million reporting errors over a decade, UK regulator says

CNN BUSINESS |

Goldman Sachs is taking the expression "everyone makes mistakes" to an entirely new level.

S. Windsor PZC gives thumbs up to Chase Bank development

Katherine Eastman | Journal Inquirer |

South Windsor's Planning and Zoning Commission on Tuesday unanimously approved plans to build a JPMorgan Chase Bank in the Evergreen Walk area — their first branch in north-central Connecticut.

The bond market flashed recession. So why is the stock market booming?

CNN BUSINESS |

A reliable recession predictor flashed in the US bond market last week: the most closely watched part of the Treasury yield curve inverted. At first, stocks shuddered. Then they shrugged it off.

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