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Banking & Finance

Banks' mounting pressures closing some doors, widening others

Gregory Seay |

Pressure is mounting on Connecticut's and the nation's community banks, results of the unrelenting burden of tightened regulations while staying abreast of fast-moving, expensive mobile-banking...

People's United is VT's new bursar

Gregory Seay |

The state of Vermont has hired Bridgeport regional lender People's United Bank to manage that state's financial accounts and disbursements to taxpayers, employees, lottery winners, among other core...

CT's Horizon stakes Philly's WebLinc

Gregory Seay |

Horizon Technology Finance Corp. staked a $5 million loan to a Philadelphia provider of digital services to online retailers.

Aetna's $1B debt issue done

Gregory Seay |

Aetna Inc. has floated a $1 billion debt offering, proceeds of which the Hartford health insurer says will be used to retire existing debt and the rest for general corporate purposes.

Union protests United Bank's Goodwin Square work

HOWARD FRENCH | JOURNAL INQUIRER | 1

The New England Carpenters union is taking to the streets of downtown Hartford on Wednesday to protest United Bank's hiring of non-union labor to work on its 68,000-square-foot renovation project at...

Savings Institute Bank & Trust celebrates 175 years

Savings Institute Bank & Trust recently celebrated its 175th birthday by receiving a citation from the Connecticut General Assembly in acknowledgement of the bank's high standard of...

Tax preparers, financial advisors face tougher CT oversight

Karen Ali Special to the Hartford Business Journal |

State lawmakers passed multiple laws this year that toughen oversight on two key professional services sectors — financial planners and tax preparers.

CT's Bankers' Bank in $17M merger

Gregory Seay |

Glastonbury correspondent-bank services vendor BBN Financial Corp. (BBN) has agreed to a $17 million merger with a mid-Atlantic rival.

Horizon Tech's 2Q net falls

Gregory Seay |

Horizon Technology Finance Corp. posted lower second-quarter net income from the Farmington specialty financier's investments.

People's United wraps Leaf deal

Gregory Seay |

Bridgeport lender People's United Bank says it has finalized its acquisition of Leaf Commercial Capital Inc., a Philadelphia business-equipment financier.

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