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Banking & Finance

Investors are piling into gold as fear stalks markets

CNNMoney |

Gold is back in favor with investors running scared of global market turmoil. Physical gold prices have jumped 16 percent this year, and the Gold Shares exchange-traded fund is up nearly 13 percent.

Why the Nasdaq is on the verge of a bear market

CNNMoney |

Former high-flying tech stocks Amazon, Netflix and Tesla are crashing back to earth. All three stocks are down at least 27 percent this year and a host of other tech stocks have fared far worse.

Bank will consolidate branches

Northwest Community Bank has announced plans to consolidate the operations of its East Granby branch with the bank’s Granby branch on April 1.

Forget oil stocks. Banks are killing your portfolio

CNNMoney |

Shares in some of the world's biggest banks are plunging. Financial stocks in the S&P 500 are down more than 11 percent so far this year.

Zuckerberg shoves Bezos aside for 4th-richest ranking

CNNMoney |

Mark Zuckerberg just got promoted: he's now the fourth-richest person in the world. He was sitting on a fortune worth $50 billion by the close of trading Tuesday, according to Bloomberg.

Comptroller sides with OPM on $7.1M deficit projection

State Comptroller Kevin Lembo is predicting a $7.1 million deficit for the 2016 fiscal year, he said Monday, which matches a prediction by the Office of Policy and Management.

A first look into Google's big, secret, risky bets

CNNMoney |

For the first time in its history, Google's parent company is going to reveal the sales and profits (or losses) for its experimental and "moonshot" initiatives, including Google Fiber, Google...

Mortgages spark Simsbury Bank's '15 net

The parent of Simsbury Bank & Trust Co. Inc. posted flat fourth-quarter net income on its way to strong full-year 2015 net, fueled by its expanded mortgage-banking operations.

SCIO Health Analytics acquires Calif. company

SCIO Health Analytics of West Hartford has acquired Clear Vision Information Systems of Westlake Village, Calif. No financial details were disclosed.

United Bank’s 4Q net ebbs

Glastonbury community lender United Financial Bancorp Inc. posted lower fourth-quarter net profit, partly the result of launching into the marine-financing market and buying packages of loans.

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