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Banking & Finance

Lawsuit alleges discriminatory lending practices by Liberty Bank

Joe Cooper |

The Connecticut Fair Housing Center and the National Consumer Law Center on Thursday filed a lawsuit against Middletown-based Liberty Bank, accusing the community lender of violating federal laws by...

Stocks pop after new US-Canada-Mexico deal


The stock market appears to like the new trade agreement between the United States, Canada and Mexico.Stocks popped after all three countries agreed...

Farmington Bank, People's merger cleared

Gregory Seay |

Stockholders in the parent of Farmington Bank have okayed the pending $544 million merger of their bank with Bridgeport's People's United Bank, paving the way for the deal to officially close Monday.

Cerminaro is Santander's CT commercial chief

Gregory Seay |

Spain's Santander Bank S.A. has named Robert Cerminaro its regional commercial banking executive for Connecticut.

After building Vantis Life into $1B insurer, Tedone heads toward retirement

Sean Teehan |

After building Vantis Life Insurance Co. into a $1 billion insurer, chief executive Peter Tedone is heading out the door for retirement.

United Bank’s branch aspirations take root

Gregory Seay |

While People's United Financial weighs which of its and Farmington Bank's branches will remain after their pending tie-up, Hartford community lender United Bank is expanding its regional network of...

Liberty Bank set to occupy new HQ

Gregory Seay |

Liberty Bank is ready next month to begin consolidating for the first time nearly 300 workers into its new Middletown headquarters campus.

Spurned E. Hfd. lender plans layoffs

Gregory Seay |

An East Hartford financier that assists distressed mortgage borrowers says it plans to lay off as many as 35 Connecticut workers and scrap its headquarters expansion amid a staff-licensing flap with...

Visa and MasterCard agree to settle swipe fee class action for $6.2 billion


Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees.

The incredibly shrinking community-bank sector

The darker side of merger-and-acquisition activity was on display with the recent announcement that Farmington Bank will shed more than a quarter of its workforce after its $544 million buyout by...

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