The News Review:
- Webster Financial Announces $115 Million Equity Investment From …
- Personal finance: Minorities’ investing habits should be put in …
- Let’s keep investing in homegrown technology
- And the foolish award goes to money funds
Webster Financial Announces $115 Million Equity Investment From …
PR Newswire (press release)
In announcing the investment Webster Chairman and Chief Executive fficer James C. Smith said “Warburg Pincus’ investment further strengthens Webster’s capital base which already significantly exceeded regulatory requirements for well-capitalized banks. The additional capital will enable us to capitalize on the extraordinary banking opportunities in the market as we pursue our vision to be New England’s bank. ” Smith continued “This investment represents another important step in our capital planning and coupled with our recently completed and highly successful exchange offer increases Webster’s tangible common equity by more than $285 million on a pro forma basis with minimal tangible book value dilution. Webster’s ability to attract a long-term value investor of Warburg Pincus’ caliber and experience in the banking sector underscores the inherent strength of our core business and long-term strategy.
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Personal finance: Minorities’ investing habits should be put in …
Lansing State Journal
com | Lansing State Journal. lansingstatejournal.
Let’s keep investing in homegrown technology
Indianapolis Star
nly hours remained before the new fiscal year commenced when the General Assembly approved the $28. Part of the decision-making process involved continuing support for the 21st Century Research and Technology Fund. While it is disappointing that the fund received substantially less funding in this biennium the $35 million will still provide a continuing foundation to support innovative high-growth start-ups required for the state’s economic future.
And the foolish award goes to money funds
The Star-Ledger – NJ.com
open(urlwinnameoptions) newwin. But if you are an investor in money-market funds heading for the exits with the masses is probably a smart idea right now because investing in money funds is the Stupid Investment of the Week. Some $15 billion moved out of money funds during the week ended July 21 according to iMoneyNet a Westborough Mass. That brought the out-the-door total to $248 billion since Jan. 13 when assets reached an all-time peak.