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Banking & Finance

Fitch scores Connecticut debt ‘A+’


Fitch Ratings has given “A+” ratings to a pair of bond issuances the state of Connecticut plans to sell to investors later this month.

Farmington Bank opening Manchester branch

Gregory Seay |

Farmington Bank will open its first Manchester branch next week.

SS&C to acquire N. American fund administration business from CACEIS

John Stearns |

Windsor financial-software and services vendor SS&C Technologies Holdings Inc. has agreed to acquire CACEIS North America, the fund administration business of CACEIS based in Toronto and New York.

Forbes IDs 17 CT billionaires

Matt Pilon |

The Forbes 2018 billionaires ranking is out — and 17 Connecticut residents made the list.

Horizon Tech's 4Q, full-year net falls

Gregory Seay |

Farmington specialty financier Horizon Technology Finance Corp. posted lower fourth-quarter and full-year net, owing to lower interest income and higher borrowing costs on its venture loans to...

United Bank eyes 1st downstate branch

Gregory Seay |

United Bank of Hartford says it's pursuing its first Fairfield County branch in Greenwich.

SI Financial's 4Q net flows red

Gregory Seay |

The parent of Windham's Savings Institute Bank & Trust Co. saw its fourth-quarter net income swing to red due to the impact of federal tax reform.

CI VentureClash winner inks Mastercard deal

Dream Payments, a Toronto-based digital payment provider for insurers that won Connecticut Innovations' VentureClash challenge in 2016 and set up a Stamford beachhead, said Tuesday it is partnering...

CT beefing up shields for elder investors

Gregory Seay |

Connecticut's top banking regulator is hailing new and expanded national financial-industry safeguards for investors, adding he wants to widen such oversight in this state.

Hartford landlord gets 5 yrs. for threat

Gregory Seay |

A Hartford landlord will serve five years in federal prison for threatening a Connecticut bankruptcy judge, authorities say.

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