A settlement between a coalition of federal and state agencies and banks over foreclosure practices will take longer to hammer out than many expect, Bank of America Corp. Chief Executive Brian Moynihan said on Wednesday.

The government said it will sell warrants it holds in Webster Financial Corp. in its latest move to recoup costs from the $700 billion financial bailout program.

Stamford’s First County Bank is co-sponsoring the 81st Annual Ox Ridge Charity Horse Show to benefit the Stamford Hospital Foundation.

Willimantic-based The Savings Institute Bank & Trust Co. Employees’ Caring & Giving Program awarded $4,000 to 19 charitable organizations dedicated to alleviating hunger and homelessness during the first quarter.

A Fairfield man pleaded guilty this week to one count of bank fraud stemming from a scheme to defraud Citizens Bank of millions of dollars.

Milford-based Game X Change has received financing from the Connecticut Community Investment Corp. (CTCIC) to open a second location in Bridgeport.

A divided Securities and Exchange Commission (SEC) approved a new program that would compensate whistleblowers whose tips lead to sanctions of over $1 million.

Bank of America needs to do more to help Connecticut homeowners who are having trouble paying their mortgages or seeking loan modifications, Attorney General George Jepsen said Wednesday.

Rockville Bank took its first step yesterday in the bank’s project to rebuild a new Lafayette Square branch at the same location on 20 Hyde Ave. in Vernon.

As a pack, Connecticut banks saw a spike in profitability for the second quarter 2011 compared to the same period last year, with some help from stronger net interest income and lower provisions for loan losses. But banks have also seen increasing non-interest expenses, including a rise in employee headcount, according to the latest data from the FDIC.

Authorities said a former employee at a bank’s Connecticut call center admits he stole nearly $60,000 after convincing customers to give him their account passwords.

A man from Lawrence, Mass. has been sentenced to 30 months in prison, to be followed by three years of supervised release, for his involvement in two Connecticut bank burglaries in 2009, according to the U.S. Attorney for the District of Connecticut’s office.

America\’s Mutual Banks is a brand-new advocacy organization with an unusual founder – Douglas Faucette, a prominent national lawyer with a reputation for aggressively converting mutual banks to stock institutions.

Lately, lenders have relied on rock-bottom interest rates to spark an otherwise sluggish lending market – a strategy that can eventually hurt unwary banks\’ balance sheets. And according to one analyst, the northeast\’s highly competitive banking environment has likely pushed local institutions to be less cautious than they should be.

Shockwaves from the financial turmoil of 2008 reached every corner of the financial industry – including the rarified niche of timeshare and resort lending, where many players toppled and only the sturdiest survived.