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For Nappier And Other Activists, Only A Moral Victory in Dimon Vote at JPMorgan Chase

By On May 21, 2013 · 3 Comments

Shareholder activists including state Treasurer Denise L. Nappier, who tried to force JPMorgan Chase Chairman and CEO Jamie Dimon to give up his chairman post, will have to be satisfied with a moral victory. Their bid fell short Tuesday at the company’s annual meeting.

Nappier, fiduciary of the $26 billion pension and trust funds, was [...]

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Homespun Advice from a Business Legend

By On May 17, 2013 · Leave a Comment

Larry Bossidy was never the CEO of a Connecticut-based company, but he’s been a big force in business here and elsewhere for decades at General Electric, Allied Signal, Honeywell International and lately, as a board member at Berkshire Bank, which owns the former CBT franchise .

On Friday, Bossidy brought a combination of homespun advice [...]

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Morgan Stanley Investor Poll: Upbeat Overall, Fearful of Foreign Markets

By On April 23, 2013 · Leave a Comment

Investors are generally optimistic about the economy and financial markets but are fearful of foreign stocks, according to a new poll by Morgan Stanley. And that’s odd, since the financial services giant is among many that are recommending more overseas investment in 2013.

The poll of 1,000 investors nationwide by Morgan Stanley Wealth Management [...]

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A GE Veteran To Head HR at Webster Bank

By On October 8, 2012 · 3 Comments

 

Webster Bank has hired a chief of human resources who came up through General Electric, later led HR at CB Richard Ellis, and has been active in a group dedicated to transforming organizations through a holistic approach to “abundance, wellness and enlightenment.”

Jennifer Buchholz joins Webster Financial Corp., the parent of Webster Bank, as [...]

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Pawlenty, Wall Street And a Common Enemy

By On September 25, 2012 · 2 Comments

At least when Chris Dodd took a lobbying job, it was with a group he had known and loved, the Motion Picture Association of America.

Hilariously, former Wisconsin Governor and presidential hopeful Tim Pawlenty will now be a key lobbyist for the financial services industry, an irony captured by Andrew Ross Sorkin of [...]

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High-Speed Enforcement: SEC Goes After New York Stock Exchange

By On September 14, 2012 · Leave a Comment

The Friday morning release from the Securities and Exchange Commission caused a double-take as reporters saw our inbox message fields: “SEC CHARGES NEW YORK STOCK EXCHANGE.”

In a historic first, the Big Board was hit with a $5 million fine and charged with giving out trading data to paying clients before the general public. No [...]

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Credit Isn’t The Problem, Business Is

By On August 29, 2012 · 1 Comment

Small business owners like to declare that they would succeed wildly if only they could get loans from banks, and bankers like to say they have billions to lend out if only they could find credit-worthy customers.

A survey released Wednesday by the Connecticut Business and Industry Association shows no great change in the equation, [...]

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As Jepsen Investigates Libor Scandal, Don’t Look For Any Refunds

By On August 9, 2012 · Leave a Comment

Attorney General George Jepsen is among a handful of chief state lawyers investigating possible misconduct by banks in the interest rate manipulation scandal — but don’t look for a refund anytime soon if you think you were wronged.

That’s because Jepsen’s inquiry, in tandem with his New York counterpart, is “looking at any possible harm [...]

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Higher One Agrees To Pay Millions In Restitution; Firm Expands, But Will It Be bought?

By On August 8, 2012 · Leave a Comment

Higher One, a fast-growing darling of Connecticut’s tech scene, has agreed to repay $11 million to students and change how it charges fees after the FDIC found it was operating improperly.

The Federal Deposit Insurance Corp. said Wednesday that Higher One and Bancorp Bank had numerous violations in the way they ran Higher One’s [...]

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