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Banking & Finance

Webster gains approval for JPMorgan acquisition

Waterbury lender Webster Financial Corp. said Tuesday that it has received regulatory approvals for its previously announced acquisition of JPMorgan Chase's health savings account subsidiary.

Chenevert leaving with $325M in UTC stock

Louis Chenevert, who shocked the corporate community by abrupting resigning as CEO and chairman of United Technologies on Monday, will depart the company owning at least $325 million of its stock.

CT saves $35M in green debt issue, refi

Connecticut taxpayers will save $35.4 million from the state treasurer's recent sale and refi of $556.6 million in grade-A debt for infrastructure and clean-water improvements.

BofA’s Robertson moves to Webster

Webster Bank said it has tapped Bank of America executive Leslie Robertson as senior vice president of commercial banking.

Maturing CT realty loans pose market rewards, risks

Gregory Seay |

At least 30 securitized real estate loans backing many of Connecticut's best and worst performing commercial properties are coming due next year, posing potential windfalls and headaches for lenders,...

Hartford personal income inched up in 2013

Personal income per capita inched up by less than 1 percent last year in both Greater Hartford and Hartford County, according to the U.S. Bureau of Economic Analysis.

CT bonds net AA rating, ‘stable’ bond outlook from Kroll

A day after Fitch Ratings assigned an ‘AA’ rating and negative outlook to $500 million in state bonds, Kroll Bond Rating Agency assigned the same rating, but with a stable outlook.

CT keeps ‘AA’ bond rating, negative outlook

With the state’s Bond Commission prepared to approve a slate of borrowing on Wednesday, Fitch issued an ‘AA’ rating on $500 million worth of Connecticut general obligation bonds and...

CT Green Bank violated contract awarding, reporting laws

The Connecticut Clean Energy Finance & Investment Authority failed to fulfill its legal requirements on awarding contracts and reporting its progress to the legislature, according to an audit report...

QU survey: Institutional investors favoring U.S., Western Europe

Institutional investors such as plan sponsors and fund of funds prefer American and Western European investments, and intend to pull back from Russian investments over the next year, according to a...

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