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Banking & Finance

It's a horrible time to be a U.S. bank

CNNMoney |

U.S. bank stocks are getting dumped like it's 2011. Shares of Bank of America and Morgan Stanley plummeted by 13% apiece in the two days after the shocking Brexit vote.

Berkshire's $117M deal widens door to Philly

Gregory Seay |

Massachusetts lender Berkshire Hills Bancorp Inc., with Hartford operations, says it will pay about $117 million in stock to acquire a New Jersey housing-consumer lender.

People's to pay $402M for L. I. lender

Gregory Seay |

Bridgeport thrift People's United Financial Inc. will deepen its metro New York footprint with its planned nearly $402 million purchase of one of Long Island's leading community banks.

Uh-oh. Is the stock market a bubble again?

CNNMoney |

NEW YORK -- Will the term "well above" turn out to be Janet Yellen's "irrational exuberance?"

Aetna's credit-ratings cut on Humana deal

Gregory Seay |

A leading insurers' credit-rating agency has downgraded its Aetna Inc. ratings amid the Hartford insurer's higher debt load tied to its pending Humana Inc. merger.

CATIC plans CityPlace II office

Gregory Seay |

Rocky Hill-based realty title insurer CATIC National Commercial Services is opening its first downtown Hartford office in CityPlace II, authorities say.

Conflicts of interest cloud industry oversight

The scrutiny over Insurance Commissioner Katharine Wade's oversight of insurance industry mega mergers is reaching a tipping point.

CT banks improve profitability, outperform nation

Greg Bordonaro |

Connecticut banks collectively outperformed their national counterparts in the first quarter, boosting profits nearly 12 percent despite continued interest-rate margin pressures.

Wrice's two decades narrowed CT's energy-affordability gap

Keith Griffin |

When Patricia Wrice started as executive director of Operation Fuel back in 1997, things were much different. While she was full time, the organization was largely part time and housed in a church...

Bank of America has 23% fewer branches than 2009

Thanks to digital disruption, the physical presence of Bank of America is shrinking...fast. Bank of America has 23 percent fewer branches and 37 percent fewer workers than in 2009, the bank said...

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