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Banking & Finance

Brownfield ‘land banks’ a step closer in CT

Gregory Seay |

A second attempt in one year at encouraging municipalities to hasten cleanup of Connecticut's inventory of contaminated commercial-industrial properties is expected to draw the governor's signature...

CT pension fund’s Tesla proposal defeated

Matt Pilon |

A shareholder proposal by the Connecticut Retirement Plans and Trust Funds (CRPTF) to reform Tesla’s board of directors was defeated by a 70-30 margin at the company’s annual meeting this...

Qualities that make a good banker standout

Ken Cook |

When it comes to banks, businesses have a sort of love/hate relationship. The banker is usually there when you don't need them, but too frequently not able to help when you do need them.

Virtus wraps $513M Ridgeworth buy

Gregory Seay |

Hartford wealth manager Virtus Investment Partners Inc. has finalized its $513 million purchase of an Atlanta wealth manager that doubles Virtus' assets under management.

CT’s liquidity door widens to state lenders

A little-noticed bill passed by the General Assembly will continue to provide a liquidity lift to the state and some of Connecticut's larger banks and credit unions and the communities they serve.

Nappier pushes for Tesla board changes

Matt Pilon |

As Tesla pushes state lawmakers to allow it to sell vehicles in Connecticut, the overseer of the state's pension funds, which owns a small sliver of the $51 billion automaker, is pushing the company...

CT promotes bond investments with upgraded website

Patricia Daddona |

The Connecticut Treasury has improved its BuyCTBonds website to provide investors and rating agencies with access to the latest information about state bond programs and finances.

Berkshire Bank buys Commerce Bank, relocates HQ to Boston

Patricia Daddona |

The parent of Berkshire Bank, which has significant branch coverage in Greater Hartford, is buying Worcester, Mass.-based Commerce Bancshares Corp. for $209 million, and relocating its headquarters...

CT's 'bridge bank' finds its stride redeveloping downtown Hartford

Gregory Seay | 1

For years, the 26-story former Bank of America building at 777 Main St. stood as an empty symbol of downtown Hartford's malaise as a hub for employment and urban living.

CT takes another credit rating hit on Wall Street

Keith Phaneuf | CT Mirror |

Connecticut’s status on Wall Street took another hit Friday when a major credit rating agency downgraded the state’s bond rating — a move that could lead to higher borrowing costs.

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