Banking and Lending

Rosengren Talks Cybersecurity In Cape Town

February 3, 2015 | Reprints | Unlock Link

Cybersecurity is “a serious financial stability concern” and continued high-profile data breaches could cause consumers to lose confidence in payments and resort to less efficient options, Boston Fed President Eric Rosengren said in a recent speech.

SI Financial CFO To Retire

January 29, 2015 | Reprints | Unlock Link

SI Financial Group Inc., the holding company for Willimantic-based Savings Institute Bank and Trust Co., announced several personnel changes at the holding company and the bank.

Feds: 12 Years For Venezuelan Financier In Conn. Fraud

January 28, 2015 | Reprints | Unlock Link

A Venezuelan financier who ran a massive fraud scheme used investment funds as personal piggy banks to support a lavish lifestyle, including a $5 million home on Connecticut’s Gold Coast, prosecutors said in a memo urging a federal judge to sentence him to at least 12 years in prison.