Faced with low interest rates and intense competition for consumer deposits and loans from financial giants, regional banks may rush to merge this year to keep pace with larger rivals.
Wells Fargo is saying goodbye to its retirement-plan business as the bank continues to grapple with a penalties, legal fees and a backlash over its scandals.
Corporate America is once again in a fight over regulation. Except this time, large businesses have switched sides: they're actively asking the government to impose new rules.
GYL Financial Synergies, a West Hartford-based independent registered investment advisory firm founded in 2014, said it's merged with Westport's Resnick Investment Advisors.
Wells Fargo will pay $575 million under a 50-state settlement led by Connecticut and three other states relating to fraudulent mortgage and insurance fees, as well as the scandal in which millions of accounts were created without consumers' consent, Attorney General George Jepsen announced Friday.