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Banking & Finance

Nearly half of US CFOs fear a 2019 recession

CNNMONEY |

America's finance chiefs fear the economic expansion is nearly over.

CT's SIFI, Berkshire Bank merging

Gregory Seay |

Windham lender Savings Institute Bank & Trust Co. is merging with Massachusetts regional lender Berkshire Hills Bancorp Inc. in a $180 million all-stock deal that gives momentum to Connecticut's...

Dow rises 300 points on new US-China trade hopes

CNNMONEY |

Stocks jumped Wednesday following the latest twist in the US-China trade saga.

Nutmeg CU debuts first high-school branch

Gregory Seay |

Rocky Hill's Nutmeg State Financial Credit Union has opened a branch at its local high school, its first school branch in the state.

Dow slides 500 points on Brexit drama, bank selloff

CNNMONEY |

Brexit chaos and sinking bank stocks are combining to deal the stock market another blow.

Ohio CU wants to serve Macy's CT staff

Gregory Seay |

An Ohio credit union wants to put its newest out-of-state branch in Cheshire, serving workers at the Macy's Department Stores order-fulfillment facility there, a Connecticut regulatory filing shows.

CT’s 2019 deposit index rises

Gregory Seay |

Connecticut housing renters and others will earn more interest next year on their security deposits and other escrowed accounts.

Why the stock market is freaking out

CNNMONEY |

Extreme fear is once again sending Wall Street into chaos. Investors are debating whether the longest bull market in American history is nearing an end or just taking a breather.

Chinese investors lead a $5 billion bid for the owner of Louisville Slugger

CNNMONEY |

Chinese investors are leading an attempt to buy Amer Sports, the owner of brands including Louisville Slugger and Wilson, for more than $5 billion.

Thomaston Savings, too, covets Farmington

Gregory Seay |

A second Connecticut lender has been drawn to the Farmington banking market by the recent headquarters loss of one of that town's leading community lenders.

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