ING To Cut 750 U.S. Jobs
Wednesday, January 14, 2009 (250 reads)
Dutch financial services group ING Groep N.V., which has major operations in Connecticut, will cut 750 jobs, or 7 percent of its U.S. workforce, as part of a global program to cope with the economic slowdown, according to ING spokesmen.
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GE’s Money Arm Appoints Two New Officers
Wednesday, January 14, 2009 (192 reads)
Fairfield-based GE Capital has named two new senior vice presidents. One will serve as treasurer of GE Capital, the other as president and chief executive of GE Capital’s global banking division.
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XL Names Hutton To Board
Wednesday, January 14, 2009 (137 reads)
XL Capital Ltd., an insurer based in Bermuda with significant operations in Hartford, has named Tom Hutton to its board of directors.
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Fannie Mae Bans Evictions Of Renters
Wednesday, January 14, 2009 (195 reads)
Mortgage finance company Fannie Mae said Tuesday it has adopted a policy allowing renters to remain in their homes even if their landlord enters foreclosure.
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U.S. Nonresidential Construction Seen Down In 2009
Wednesday, January 14, 2009 (130 reads)
Spending on U.S. nonresidential construction projects will fall both this year and next as builders delay or cancel plans for hotels, office buildings and retail facilities, an architects' group predicted Wednesday.
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Banks and Credit Unions Win With Overdraft Fees
Tuesday, January 13, 2009 (271 reads)
It is estimated that checking account holders in Connecticut paid more than $444 million in non-sufficient funds (NSF)/ overdraft program (ODP) fees in 2008, resulting in more banks and credit unions dependent on these fees for income, according to new research by Bretton Woods Inc., a bank strategy consulting firm.
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New Head At W.R. Berkley Underwriter
Tuesday, January 13, 2009 (141 reads)
David A. Jordan has been named president of Vela Insurance Services Inc., a company that underwrites excess and surplus lines casualty business on behalf of Greenwich-based W.R. Berkley Corp.
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Conn. Mortgage Rates Below 5 Percent
Tuesday, January 13, 2009 (191 reads)
The average 30-year fixed mortgage rate in Connecticut fell last week, ending the week at 4.96 percent, compared to 5.06 percent the week prior, according to online mortgage tracker Zillow.
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