Banking & Finance
New leadership at CRI
The former chief executive officer of MTM Technologies Inc. has raised $10 million in initial financing to acquire a Shelton company...
Drama in the housing market – 2007
The subprime mortgage debacle has caused the American Dream of homeownership to become a national nightmare, not only for the families...
Tile company files Chapter 11
Blaming the housing market slowdown, flooring and wall tile importer IWT Tesoro Corp. filed for Chapter 11 bankruptcy protection.
BankCard Network to issue ‘America’s Business Card’
For more than a decade, Worldwide EProcessing Inc., based in Woodstock, has worked on the acquiring side of the credit card...
State funds available for local developments
The Connecticut Housing Finance Authority is investing $250,000 in the Southwestern Connecticut Segmented Loan Fund, which can be used to finance...
Money, root of all wealth, resides here
Fairfield County households had a median income of $76,700 in 2006, up 7 percent from 2005 and a rate of growth...
National cold; regional shivers
In late August, a crane teetered over the construction site for Royal Bank of Scotland’s planned Stamford office, forcing the evacuation...
Freeh leaves L-1 Identity Solutions
L-1 Identity Solutions parted ways with marquee director Louis Freeh, a former FBI chief who joined L-1’s board in July 2006.
RBS downsizes by seven
Royal Bank of Scotland reportedly cut loose seven of 24 employees who manage portfolios of mortgage debt at RBS Greenwich Capital,...
Hedge funds navigate shoals and prosper
Last month, a sailing yacht sponsored by the Connecticut Hedge Fund Association won the fourth annual Hedge Fund Regatta in New...
Budget process: Financial health check or cause for headache?
In some corporate boardrooms, the stuffy term “budgeting†has given way to the catchphrase “performance management,†reflecting attempts to continuously capture...
Maxum Petroleum files for $400 million IPO
A Greenwich-based diesel-fuel distributor has filed for a $400 million initial public offering of stock to pay down debt following several...
Economy roars
Financial firms injected more than $3.5 billion into the Connecticut economy in the form of additional personal income, a “stunning†figure...
Loans target women’s businesses
GE Money has committed $2 million in capital to Community Capital Fund (CCF), which plans to loan the money in increments...
IPO trolls for $150 million
Having previously invested $63 billion for one of the world’s few absolute monarchies, David Minella is asking investors to pony up...
