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Banking & Finance
How would a government shutdown affect CT? It depends
Lisa Hagen, CT Mirror September 28, 2023Thousands of federal employees, active duty military and civilian defense personnel in Connecticut could stop getting paid if Congress does not fund the federal government before Oct. 1.
Lisa Hagen, CT Mirror September 28, 2023
Ritter: No changes to campaign finance rules in special session
Mark Pazniokas, CT Mirror September 26, 2023House Speaker Matt Ritter, D-Hartford, said Monday that the General Assembly will not vote Tuesday in special session on a proposal to allow publicly financed candidates in Connecticut to raise money online using the popular Democratic fundraising
Mark Pazniokas, CT Mirror September 26, 2023
Greater Hartford credit union eyes HQ relocation
Greg Bordonaro September 22, 2023Dutch Point Credit Union Inc. is planning to relocate its main office.
Greg Bordonaro September 22, 2023
Bank of America to increase minimum wage to $25 by 2025
Andrew Larson September 21, 2023Bank of America is increasing its minimum wage to $23 an hour starting in October, which equates to roughly $48,000 a year for full-time employees, the company said in an announcement.
Andrew Larson September 21, 2023-
Sponsored ArticleMiddle market shaken, but not broken, by COVID-19
By Matthew E. Hummel, KeyBank Commercial Banking Team Leader September 4, 2020Each quarter, KeyBank surveys 400 middle market business executives (defined as those companies within the $10 million to $2 billion range) to understand the impact of current macroeconomic conditions and government policies on the business
By Matthew E. Hummel, KeyBank Commercial Banking Team Leader September 4, 2020 
Budderfly reports record revenue, employment growth one year after $500M capital injection
Skyler Frazer September 18, 2023Just over a year after getting a $500 million capital injection from a Swiss private equity firm, Shelton-based energy efficiency company Budderfly has reported record customer, revenue and employment growth, according to company founder and CEO A
Skyler Frazer September 18, 2023-
Bankers tread cautiously into an AI-assisted future seen as inevitable
Michael Puffer September 18, 2023At KeyBank, artificial intelligence is sometimes used to relay simple answers on customer service calls, but hasn’t yet been harnessed to vet borrowers or write drafts of shareholder reports.
Michael Puffer September 18, 2023
CT sending ‘unclaimed’ money back to record numbers of residents
Andrew Brown, CT Mirror September 14, 2023Nearly 73,000 people successfully recouped money from Connecticut’s unclaimed property program during the 2023 fiscal year as the state shattered its record for returning uncashed checks, misplaced refunds and forgotten insurance policies to their
Andrew Brown, CT Mirror September 14, 2023-
Bank of America to close Stamford branch
Greg Bordonaro September 8, 2023Connecticut’s largest bank is planning to close one of its Stamford branches. Bank of America has notified the federal Office of the Comptroller of the Currency it plans to shutter its Stamford branch at 417 Shippan Ave.
Greg Bordonaro September 8, 2023 
CT credit union names new CEO
Greg Bordonaro September 7, 2023A Norwich-based credit union has announced a leadership transition. CorePlus Credit Union said Raymond J. Currier will take over as the financial institution’s new president and chief executive officer on Jan. 1, 2024.
Greg Bordonaro September 7, 2023
First woman becomes head of Northwest Community Bank
Andrew Larson September 6, 2023Maura A. Malo became president and CEO of Winsted-based Northwest Community Bank on Saturday, following an announcement earlier this year that she would succeed retiring President and CEO Stephen P. Reilly.
Andrew Larson September 6, 2023
Hartford’s Nassau Financial Group receives $130M equity investment
Andrew Larson September 5, 2023Fortress Investment Group, a global investment management firm, has made a $130 million equity investment in Hartford-based Nassau Financial Group, the companies announced Tuesday.
Andrew Larson September 5, 2023
Multigenerational Shift: Navigating Great Wealth Transfer is a boon for attorneys, estate/investment planners
Hanna Snyder Gambini September 4, 2023The Great Wealth Transfer is underway, on track to see an estimated $84 trillion pass from the Silent Generation and Baby Boomers down to younger generations by 2045.
Hanna Snyder Gambini September 4, 2023
New head of Union Savings Bank Reyes focused on growth, community investment
Michelle Tuccitto Sullo September 4, 2023Chelen Reyes, who took over as president and CEO of Union Savings Bank in August, said he’s committed to the Danbury-based lender’s future growth amid a challenging industry environment.
Michelle Tuccitto Sullo September 4, 2023
Charitable Mindset: The Walker Group transitions to unique trust-ownership model that ensures it will never be sold
Andrew Larson September 4, 2023As Kate Emery, founder of Farmington-based IT and digital marketing firm The Walker Group, considered retirement options, she wanted to find a way to step back while preserving her busi
Andrew Larson September 4, 2023
CT credit union to relocate HQs to Stamford
Greg Bordonaro August 31, 2023The $43.9 million-asset Members Credit Union plans to relocate its headquarters from the Cos Cob section of Greenwich to Stamford.
Greg Bordonaro August 31, 2023
Report: Private equity firm nears $9.6B deal to buy CT-based Subway
Greg Bordonaro August 21, 2023Another major Connecticut corporation is on the verge of being acquired. Milford-based Subway is nearing a deal to be acquired by Roark Capital for $9.6 billion, the Wall Street Journal reported.
Greg Bordonaro August 21, 2023
Today's Poll
The federal government is heading toward a shutdown unless Congress passes funding legislation that is signed into law before Oct. 1.
Hundreds of thousands of government workers won't get paid until the shutdown is over, and many federal government services will be suspended.
Economists say the longer the shutdown lasts, the more severe the effects will be.
According to accounting firm EY, a shutdown would take 0.1 of a percentage point off of GDP every week.
2022 Giving Guide
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
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Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
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2023 Book of Lists
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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2022 Giving Guide
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
-
Subscribe
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
-
2023 Book of Lists
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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