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Banking & Finance

The Great Oil Crash of 2018: What's really happening

CNNMONEY |

The meltdown in the oil market has caught almost everyone off guard.

Fed report details potential risks to economic growth

CNNMONEY |

America's economy is still growing robustly, but a string of possible outside shocks including President Donald Trump's protracted trade rift with China could trigger a downturn, according to a...

People’s United buying Boston lender

Gregory Seay |

Bridgeport's People's United Financial Inc. says it will pay about $327 million in stock for Boston's tiny Belmont Savings Bank to widen People's suburban footprint there.

Berkshire Bank's Marotta takes CEO reins

Gregory Seay |

Richard M. Marotta has assumed the chief executive reins, effective immediately, at Berkshire Bank and its parent from Michael P. Daly, who led the Massachusetts lender's expansion into Connecticut...

Naugatuck's Ion Bank plans Farmington branch

Gregory Seay |

Naugatuck's Ion Bank, one of Connecticut's smallest community banks, is eyeing a Farmington branch as a prelude to a broader market expansion into central Connecticut, bank officials say.

Oil plummets to 13-month low as crude crash deepens

CNNMONEY |

The crude oil crash just got worse.

Bitcoin prices keeps plunging. When will they hit bottom?

CNNMONEY |

The recent plunge in the stock market is a cakewalk compared to what's going on with cryptocurrencies. Bitcoin prices are down more than 15% in just the past week and have plummeted nearly 70% so far...

Why the Dow keeps sinking

CNNMONEY |

The gloom-and-doom on Wall Street has wiped out the stock market's gains for the years.

Windsor’s SS&C completes $1.5B acquisition of data-sharing platform

Joe Cooper |

Windsor fintech SS&C Technologies Holdings Inc. says it has completed its $1.5 billion acquisition of a global banking data-sharing platform.

Dow falls 300 points, dragged down by more Apple woes

CNNMONEY |

Are Apple's glory days behind it? That's probably a stretch. But Wall Street clearly is getting more worried about the company's reliance on the iPhone to generate sales and profit at a time when...

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