Banking & Finance

Goldman predicts 4Q global write-downs to hit $300B

Global write-downs from the continued credit struggles of American Insurance Group Inc. and other large...

Citigroup, UBS buying back securities

Citigroup Inc. and UBS AG, both of which have banking operations in Connecticut, today agreed to buy...

Jason Newman, accountant with Kostin, Ruffkess & Co. LLC, Farmington | The ABCs of numbers crunching

What are fair value accounting measures? Generally Accepted Accounting Principles has required companies to use fair value...

Freddie Mac mortgage rates at 4-year low

Rates on 30-year-fixed mortgages dropped this week to their lowest levels in more than four years,...

KB Toys files for bankruptcy

KB Toys, which has six Connecticut stores, has filed for bankruptcy protection for the second time in...

UTC to offer 2009 outlook

Hartford industrial conglomerate United Technologies Corp. is scheduled to offer guidance for 2009 late today amid...

Fed: household debt declines

U.S. households, hit by declining home values and stock market losses, have cut back on their...

Mediation Helps 360 Postpone Foreclosure

More than 360 Connecticut homeowners have avoided foreclosure in the past five months thanks to a new...

Bernanke: more action needed to cut foreclosures

Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring...

Hedge Funds Took A $100B Hit In October

Hedge funds lost $100 billion in October due to a combination of investor withdrawals and market declines,...

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