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Banking & Finance

Nutmeg's new 'CUSO' buys Colo. IT vendor

Gregory Seay |

Rocky Hill's Nutmeg State Financial Credit Union has acquired a Colorado data-services vendor to credit unions in a bid to harness more technology to provide new and varied financial and other...

Shifting habits, technology, stagnant economy diminish CT's financial-services jobs

Gregory Seay |

Shifting consumer habits, technology and a stagnant state economy are curtailing jobs in Connecticut's crucial financial-services sector.

Is there a low-risk way to avoid running out of money in retirement?


I plan to invest half of my savings in a Standard & Poor's 500 index fund, half in a total bond market index fund, withdraw 3.5% the first year of retirement and then adjust that...

Horizon Tech sets $300M investment pool

Gregory Seay |

Farmington's Horizon Technology Finance Corp., a New York City liquidity investor and an unnamed insurer are pooling as much as $300 million to diversify Horizon's existing stakes in venture startup...

Wm. Raveis buys shoreline broker Heritage

Gregory Seay |

Shelton's William Raveis Real Estate (WRRE), one of Connecticut's and the nation's largest realty brokerages with offices blanketing the Hartford region, has acquired a small brokerage on New London...

Voya Financial lands in legal hot seat

Gregory Seay |

It has been a less than memorable spring so far for global wealth-manager/adviser Voya Financial Inc., based in Windsor.

United Bank widening its N. England turf

Gregory Seay |

Hartford community lender United Bank is buying six New England branches run by Waterbury super-regional lender Webster Bank, deepening its push into Connecticut's shoreline markets as well as...

Hartford pupils get lessons in financial literacy

Gregory Seay |

With budget worksheets in hand, Emeli Bueno and Yashoda Mohan, seniors at Hartford's Bulkeley High School, realized expenses were quickly eating up their make-believe salaries.

B of A's new digital-banking aide: 'Erica'

Gregory Seay |

Bank of America has raised the stakes in the digital-banking race, introducing a smart-technology virtual assistant it says can assist customers with banking and personal-finance information and...

New ownership for Middletown power plant

Matt Pilon |

The private-equity owner of the 620-megawatt Kleen Energy power plant in Middletown said it has sold a majority stake to four Japanese companies.

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