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Banking & Finance

Farmington Bank to shed 27% of workforce after $544M People's United deal

Joe Cooper| Matt Pilon |

Bridgeport-based People's United Bank intends to lay off 95 Farmington Bank employees once its $544 million acquisition of the community lender is complete, according to a state Department of Labor...

Windsor’s SS&C to acquire data-sharing platform for $1.5B

Joe Cooper |

Windsor fintech SS&C Technologies Holdings Inc. announced Thursday it plans to acquire a global banking market data-sharing platform for $1.5 billion.

What crisis? Why Wall Street is unfazed by Trump turmoil

CNNMONEY |

Stocks barely buckled after the White House endured one of its darkest days since Watergate.Unlike during previous moments of peril for President...

Windsor’s Vantis Life CEO Tedone retiring

Joe Cooper |

Windsor's Vantis Life Insurance Co. announced Wednesday CEO Peter Tedone will retire at year-end after serving in the post for 18 years.

How America's foreclosure capital came back from the dead

CNNMONEY |

Whenever he wants to see his old house, Nezam Juman walks to the edge of his waterfront property and peers around the river's bend. He can just see the roof behind some trees. It was his...

Corporate America is raking in fat profits. Will it last?

CNNMONEY |

Corporate America is growing practically nonstop thanks to massive tax cuts and a booming economy.Already fat profits at S&P 500 companies are on...

SS&C posts 2Q loss; elevates Kanwar

Gregory Seay |

Windsor financial-technology vendor SS&C Technologies Holdings Inc. says its second-quarter net income swung to red and it also announced reshuffling of top management.

Liberty Bank CEO Howard retiring

Gregory Seay |

Liberty Bank CEO and President Chandler J. Howard, a Connecticut banking veteran whose career spans from bank teller to serving in leadership posts in some of New England's largest and oldest banks,...

Horizon Tech's 2Q net rises

Gregory Seay |

Farmington's Horizon Technology Finance Corp. posted higher second-quarter net income from its venture-loan stakes in technology, life-sciences, clean-tech and health-data and services companies.

Interest rates are going up. Here's what to do

CNNMONEY |

After nearly a decade of keeping interest rates at rock-bottom levels, the Federal Reserve has finally started raising the benchmark rate it charges financial institutions. That means...

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