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Banking & Finance

Fed approves Key’s First Niagara buyout

Howard French | Journal Inquirer |

The Federal Reserve has approved KeyCorp’s pending acquisition of First Niagara Financial Group Inc., and the merger will be completed around Aug. 1, KeyCorp CEO Beth Mooney said.

ADA compliance extending into firms' internet offerings

Gregory Seay |

There are some whose physical disabilities make fully harvesting the wealth of information residing on the internet about as easy as climbing Mt. Everest.

Pot-focused private equity firm closes funding round

A Norwalk-based private equity firm is getting into California's legal marijuana market.

Stock market enthusiasm enters 'danger' zone

CNNMoney |

The U.S. stock market has gone from near free-fall over Brexit to breaking out to all-time highs. All in the span of less than three weeks.

Hamden's CIC opens R.I. loan office

Gregory Seay |

Hamden business lender Community Investment Corp. (CIC) has expanded into Rhode Island, with the opening of a Providence office.

Big rebound: 287,000 jobs added in June

CNNMoney |

Phew. American businesses are hiring again. The U.S. added 287,000 new jobs in June, according to the Labor Department report released Friday.

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?"

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