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‘TD Bank’ Ends Commerce Name Game
Wednesday, July 23, 2008 (243 reads)
TD Bank, America’s Most Convenient Bank – that’s the new name TD Banknorth and N.J.-based Commerce Bank agreed upon Wednesday in place of the previously announced “TD Commerce Bank,” which faced a lawsuit.
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New England Bancshares Up 89 Percent
Wednesday, July 23, 2008 (152 reads)
Despite a more than $200,000 loss on securities sales in the second quarter, Enfield-based New England Bancshares, parent company of Enfield Federal Savings and Loan Association and Valley Bank, still reported an 89 percent increase in net income for the second quarter, compared to the same quarter last year.
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ING Hires New VP Of Multiculturalism
Wednesday, July 23, 2008 (122 reads)
The U.S. Wealth Management Wholesale Distribution division of financial giant ING, based in Windsor, has hired Tariq Khan as senior vice president to head market development and multicultural initiatives.
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Aetna Names New CTO
Wednesday, July 23, 2008 (123 reads)
Hartford health insurer Aetna has appointed Michael G. Mathias to the position of vice president and chief technology officer.
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Futter Resigns From AIG Board
Wednesday, July 23, 2008 (102 reads)
Ellen Futter, a member of the board of directors at AIG, has resigned from the company’s board, according to a corporate filing with the Securities and Exchange Commission.
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National Mortgage Applications Down
Wednesday, July 23, 2008 (115 reads)
According to the Mortgage Bankers Association’s Market Composite Index, national mortgage loan application volume fell 6.2 percent last week compared to the week prior.
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Webster Sees $53 Million Negative Q2 Swing
Tuesday, July 22, 2008 (236 reads)
More than $53 million in unanticipated securities write-downs helped turn a $24.4 million first quarter net gain into a $28.9 million net loss for Waterbury-based Webster Financial Corp., parent company of Webster Bank.
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Wachovia Loses $8.86B, Slashes Jobs
Tuesday, July 22, 2008 (192 reads)
Wachovia Corp, the fourth-largest U.S. bank, on Tuesday posted an $8.86 billion second-quarter loss, slashed its dividend and announced 6,350 job cuts after losses tied to mortgages soared.
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