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Banking & Finance

People's United's 4Q net soars

Gregory Seay |

Bridgeport regional lender People's United Financial Inc. posted higher fourth-quarter and full-year profits, and announced another acquisition.

Amid gov. shutdown, CT to provide interest-free loans to fed. workers

Joe Cooper |

Day 28 of the ongoing partial government shutdown, the longest in the country's history, brought a glimmer of hope for federal employees in Connecticut working without pay.

Fears of housing downturn may have been overblown


The housing market is flashing signs of a bounce back in 2019.

The shutdown is coming at the worst time for the economy


None of the 21 government shutdowns since 1976 made a real dent in the economy --- purchases were simply delayed until the government re-opened and federal workers regained their lost wages.

Payrailz, Mich. digital-pay vendor ally

Gregory Seay |

Glastonbury financial-technology vendor Payrailz says a Michigan digital-pay vendor to credit unions has signed up for its digital payments service that assists billpayers.

More CT lenders offer lifeline to federal workers

Gregory Seay |

Rocky Hill's Nutmeg State Financial Credit Union says it is offering low-interest loans to furloughed federal workers, joining a growing number of Connecticut credit unions and banks stepping up to...

Lamont, Webster Bank announce loans for federal workers


Gov. Ned Lamont and the president of Webster Bank announced a new partnership Tuesday to provide interest-free loans to essential federal workers who are unable to receive unemployment assistance...

Major policies opposed by businesses loom in Democrat-controlled legislature

Matt Pilon |

The 2019 legislative session could be a tough one for employers, as an emboldened Progressive Caucus plans to push for wage and benefit mandates, and higher taxes on the wealthy.

As legal marijuana industry grows, access to financial services still problematic

Gregory Seay |

As the legal marijuana industry grows, cannabis dispensaries and producers still find access to financial services problematic.

A Mass. bank startup has eyes on CT

Gregory Seay |

Mergers and organic growth in recent years have shrunk the ranks of New England's community banks, and Springfield banker J. Jeffrey Sullivan and fellow associates are taking the opportunity to try...

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