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Banking & Finance

Virtus, Aviva ink fund-advisory pact

Hartford asset-manager Virtus Investment Partners Inc. and British insurer Aviva Plc have agreed for Virtus to provide investor strategies to Aviva’s investment arm.

First Niagara 4Q profits nearly flat

New York lender First Niagara Financial Group, which has a dozen Greater Hartford bank branches, said its profits dipped by approximately $100,000 in the fourth quarter.

Payveris, CU*Answers ink vendor pact

Wethersfield's Payveris will provide its cloud-based online digital payments services to a Michigan data-processing cooperative that serves nearly 200 credit unions nationwide.

More loans stake Webster to record 4Q net

Webster Financial Corp.’s credit investment in Connecticut and New England companies lifted the Waterbury regional lender’s fourth-quarter and full-year net profits.

Webster adds 'Touch ID' mobile-app

Webster Bank has moved up a rung in bankers' race to the top in online banking, introducing of Apple's Touch ID authentication app.

Software maker: Cost growth of banking compliance slowed in 4Q

New Haven banking compliance software provider Continuity said community banks each spent an additional $29,660 in the fourth quarter compared to the third quarter to comply with 79 regulatory...

People's United 4Q net jumps 9%

Bridgeport lender People's United Financial said its fourth-quarter profits grew 9 percent from higher interest and fee income and tighter expense controls.

Brown is Cornerstone's CEO; Reilly retiring

Scott D. Brown, who arrived a year ago as president at Hartford's Cornerstone Real Estate Advisers, has taken the reins as global CEO from David J. Reilly, who is retiring April 30, the firm says.

Two United Bank directors retire

A pair of directors for United Bank in Glastonbury have retired, shrinking its board to 16.

CT pension fund demands diversity on energy drink board

The Connecticut Retirement Plans and Trust Funds and its New York equivalent have filed a shareholder resolution demanding that Monster Beverage appoint a female or minority board member.

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