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Nutmeg was founded in 2011 by Nick Hungerford (1980–2023) and William Todd. In 2019, The Economist described Nutmeg as a "hit fintech startup" and as being a client of Carta, a firm that keeps track of the stakes in companies. [6] Martin Stead left the company in 2019, following a loss of £18.6 million. Nutmeg has yet to make a profit. [7]
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People's United Financial, Inc., was an American bank holding company that owned People's United Bank. [1] The bank operated 403 branches in Connecticut , southeastern New York State , Massachusetts , Vermont , Maine , and New Hampshire . [ 1 ]
From January 2008 to December 2012, if you bought shares in companies when Frank P. Bramble, Sr. joined the board, and sold them when he left, you would have a -72.0 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
However, it re-branded the New York and Vermont branches as Citizens Bank. This purchase made Citizens Financial the 12th largest bank in the United States with over $131 billion in assets and 1,530 branches across 13 states. [20] In early 2005, the Charter One name replaced the Citizens Bank banner on seven branches in Butler County, Pennsylvania.
Neobanks are fintech — or financial technology — companies that partner with more recognizable FDIC-insured banks to offer deposit accounts protected by the government for up to $250,000.
Bridgeport Center (also known as the People's Bank Building) is a continuous complex of low to mid-rise office buildings in downtown Bridgeport, Connecticut. The complex served as the headquarters of People's United Financial, now a subsidiary of M&T Bank. It is to serve as the regional headquarters of M&T Bank in New England. [2]
CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring , cash management , treasury management , mortgage loans , Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...