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Banking & Finance

Horizon Tech’s 1Q net slides

Farmington’s Horizon Technology Finance Corp. booked a 24 percent lower first-quarter gain from its specialty funding operations.

$980M in pending CT debt keeps negative outlook

Fitch Ratings said it has assigned an “AA” rating and “negative” outlook to $980 million worth of general obligation bonds set for sale starting next week.

Stag gets A.M. Best upgrade

Insurance ratings provider A.M. Best has upgraded The Hartford Financial Services Group’s credit and debt ratings, which it said reflects reduced risk from variable annuities.

Cybersecurity, more small-biz loans, aging staff pile bank commish's plate

Gregory Seay |

Jorge L. Perez, Connecticut's first Latino banking regulator and the first full-time banker plucked to run the agency in nearly a decade, is wasting no time grounding his feet in issues crucial to...

CT venture funding grinds to 1Q halt

After a major venture funding surge in Connecticut last year, 2015 is off to a much slower start.

U.S. billionaire investing in Russia

Russia seems like one of the riskiest places on the planet to invest in.

Loans push SBT's 1Q net higher

Simsbury Bank's parent lifted first-quarter net profit more than four-fold, propelled by strong commercial-loan demand and lower overhead.

Webster's Wandelmaier now exec. v.p.

Webster Bank promoted treasurer Bruce Wandelmaier to executive vice president.

Pabich back at Simsbury Bank as director

Simsbury certified financial planner Peter C. Pabich has returned to his ex-employer, Simsbury Bank, this time taking a seat on its board.

HSB's new VC group invests in 'Internet of things' startup

Hartford Steam Boiler said its newly formed venture capital group has made an investment in a California startup developing technology to control and monitor industrial equipment through a mobile app.

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