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State-led credit finance fund announced for New York business

A $200 million investment has helped create the New York Credit Small Business Investment Company Fund, which will deliver returns to the state pension fund.

First Niagara builds area presence with formation of Tri-State Region

First Niagara Bank announced the formation of its Tri-State Region, with hopes of strengthening its growing presence in the New York metro area.

Area banks offer financial forgiveness to storm victims

Apple Bank and M&T Bank are offering fee waivers and leniency to those who have fallen on hard times due to Hurricane Sandy.

People’s United increases lending

People’s United Financial Inc. increased commercial lending by $722 million from the second quarter.

EXP up, but SBA down

In signing off on his Small Business Express program, did Gov. Dannel P. Malloy inadvertently snare business owner signatures destined for SBA loans?

BranchServ adds Checkpoint unit

BranchServ is adding a Checkpoint business unit that sells bank security systems.

In People’s archipelago, no Ocean State

At a recent investor conference, People’s United Bank’s CEO addressed the question of why the company has not included Rhode Island in its recent expansion

Lending growth resumes – sort of

While overall lending is up in Connecticut, small business credit remains flat.

Conn. homeowners get $65m in settlement

Between March and June, more than 1,000 Connecticut homeowners received mortgage relief under a $25 billion settlement.

CBIA: Credit conditions weakened

Connecticut’s credit conditions weakened in the second quarter, according to a CBIA survey.

Small business loans drop

Fairfield County’s community banks had 180 fewer small-business loans outstanding as of the second quarter.

Survey: Costs, capital still challenge small business

Many area small businesses are still in cost-cutting mode, according to a new survey from the New York Fed.

Financier gets Ex-Im guarantee

Through its Danbury office, an Austrian bank landed an Ex-Im Bank guarantee for a Nigeria deal.

Survey: cos. horde cash in banks

Short-term corporate cash is increasingly moving towards banks, according to a new study, with bank deposits now accounting for 51 percent of short-term balances...

IRS recovers $5B in offshore back taxes

The IRS has collected more than $5 billion under an ongoing offshore account tax amnesty program.