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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

CNNMONEY |

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

CNNMONEY |

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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