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Banking & Finance

Two Farmington Bank directors retire

David M. Drew and Robert F. Edmunds Jr., two long-time directors of Farmington Bank and its parent, have retired.

Nappier’s CIO to retire

State Treasurer Denise L. Nappier said her office’s Chief Investment Officer Lee Ann Palladino, will retire July 1.

CT's pension investing $145M in CT Inc.

Connecticut's state treasurer is committing up to $145 million from state employees' pension fund to invest in businesses housed in this state.

Voya brings $693M in Nevada retirement assets under its wing

Voya Financial, which has a corporate campus in Windsor, said Nevada’s state government has selected it as the single provider for its voluntary retirement savings plan for public workers.

Stamford’s Patriot Bank making ADA changes

A Stamford bank must upgrade its telecommunications hardware and customer service to satisfy federal requirements that it adequately serve customers who are deaf or hard of hearing, federal...

CT keeps low ranking in Conning credit report

A semi-annual ranking of states’ credit quality kept Connecticut in the same spot as it was in November.

CT small firms favor public retirement plans

Many Connecticut small businesses favor an impending voluntary public retirement savings option for the approximately 750,000 residents who lack one as a competitive edge, an AARP survey says.

Virtus' 1Q net down on outflows

Virtus Investment Partners Inc. posted lower first-quarter net income as outflows from one of the Hartford wealth-manager's funds and higher overhead cut into its bottom line.

Largest in-state banks

RankCompanyTotal deposits in market (000)/Conn.

Former CT hedge fund CFO sent to jail

A federal judge on Thursday sentenced the former chief financial officer of Ridgefield hedge fund New Stream Capital to a year in prison for engaging in a scheme to deceive investors, according to...

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