Connecticut Banks – CT Contra http://ctcontra.com/ Tue, 22 Nov 2022 10:14:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ctcontra.com/wp-content/uploads/2021/05/default-141x136.png Connecticut Banks – CT Contra http://ctcontra.com/ 32 32 How a CT Company Connects Cannabis Retailers to Banks https://ctcontra.com/how-a-ct-company-connects-cannabis-retailers-to-banks/ Tue, 22 Nov 2022 10:14:51 +0000 https://ctcontra.com/how-a-ct-company-connects-cannabis-retailers-to-banks/ Cannabis is not federally legal, and with each state setting its own rules and regulations regarding the sale of THC-laden products, it can be difficult for any retail establishment to assure a financial institution that every sale is compliant. “People think it’s very black and white, state legal, federal illegal, but there’s just a lot […]]]>

Cannabis is not federally legal, and with each state setting its own rules and regulations regarding the sale of THC-laden products, it can be difficult for any retail establishment to assure a financial institution that every sale is compliant.

“People think it’s very black and white, state legal, federal illegal, but there’s just a lot of gray living here,” Paul Dunford said.

Enter Dunford and a company he co-founded, Green Check Verified. Founded in New Haven (“We had a tiny office” in Science Park, Dunford said, though they’ve since expanded), operates as a middleman between the sometimes finicky banks and the cannabis retailers themselves.

“Part of what we do is help financial institutions understand that it’s not so black or white,” he said. “It’s not, ‘You do this, you end up orange.'”

Most business activities are based on computer software. The data is collected “from dispensaries, wholesalers, growers,” Dunford said, and provided to banks that do business with producers of cannabis products.

This data provides some quality assurance to banks that licenses are active and up-to-date and that deposits will be accurate.

“Their obligation is to make sure that every dollar that comes into the financial institution is the result of a legal sale by the state,” Dunford said. “So we’re providing them with the information they need to be able to demonstrate that they’re only accepting deposits resulting from legal state sales.”

Because cannabis sales are not federally legal, banks, Dunford said, see an element of risk in the transaction.

“There is a concept of reputational risk, which is one of those fundamental risks that exists when financial institutions assess themselves,” he said. bank.'”

In fact, the American Bankers Association warns that “any contact with money that can be traced to state marijuana operations could be considered money laundering and expose a bank to legal, operational and important regulations”.

When states started legalizing cannabis, there were a limited number of banks that would do business with retailers. These were usually small state-chartered institutions like credit unions. Dunford said that has changed to some degree.

“We work with over 100 financial institutions,” he said. We have a pretty even split between banks and credit unions, and mostly federal charter as opposed to state charter.

The biggest financial institutions, including credit card companies, are still hesitant to get into marijuana banking, even though there is little or no real risk.

“There’s this assumption that it’s somehow illegal at the federal level, or it’s just illegal to use credit cards. It’s not,” Dunford said.

The larger financial institutions have relatively little to gain and have therefore determined that the risk is not worth the reward. It’s a question of scale.

“If you’re a financial institution that represents a few million, a billion dollars, bringing in millions of dollars in cannabis cash will make a sizable dent in your bottom line, and so you’re willing to take that risk,” Dunford said. “If you’re JP Morgan and you’re making literally trillions of dollars, you don’t want to take unnecessary risks. So JP Morgan can store cannabis all day, but they say, “It’s not worth our time”, and it’s the same with Visa, MasterCard, Amex.

In Canada, where cannabis is federally legal, credit card companies and major banks have no problem doing cannabis business.

“Now you can use credit cards in Canada to buy cannabis because they’re like, ‘Well, there’s really no risk for us.’ The reward outweighs the risk,” Dunford said. “They are not there yet mentally in the United States”

Since rules and laws vary wildly from state to state, the software should be updated regularly to ensure it is up to date. It’s what Dunford called a “compliance rules engine.”

“We take all the rules specific to transactions in each state, territory, tribal land, and then when those transactions come in, we check them to make sure they’re compliant. If they don’t, we alert the financial institution,” he said.

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FanDuel Sportsbook promo code: Get up to $1,000 with no first bet on today’s NBA games https://ctcontra.com/fanduel-sportsbook-promo-code-get-up-to-1000-with-no-first-bet-on-todays-nba-games/ Sat, 19 Nov 2022 10:58:16 +0000 https://ctcontra.com/fanduel-sportsbook-promo-code-get-up-to-1000-with-no-first-bet-on-todays-nba-games/ FanDuel Sports Betting The promotional code gives easy access to new users and locates popular alternatives like parlays of the same game. In addition to the initial incentive, there are a variety of bonuses for all current subscribers provided by FanDuel. You can find promotions and increased odds on sports betting app in different sports […]]]>

FanDuel Sports Betting The promotional code gives easy access to new users and locates popular alternatives like parlays of the same game. In addition to the initial incentive, there are a variety of bonuses for all current subscribers provided by FanDuel.

You can find promotions and increased odds on sports betting app in different sports like NFL, college football, basketball, NHL, NBA etc.

The most amazing part is that you don’t need a promo code to redeem this offer. Just follow the link below.


FanDuel Sportsbook Promo Code For Today’s NBA Games: What Is It?

You can qualify for the first easy bet after registering and making a deposit. Most local banks, including Paypal, offer the best money transfer options. The promotion is valid for up to $1,000, although smaller amounts like $50 or $100 can also be used to activate it. The minimum amount is $10.

FanDuel offers full warranty and maximum protection to its users. If your bet is unsuccessful, FanDuel will refund you up to the maximum amount in the form of site credit. Site credit is not immediately available for withdrawal, but can be used to place additional bets. If you win, it will immediately distribute your winnings and you can withdraw them at any time.


How do I claim the FanDuel Sportsbook promo code for today’s NBA games?

The Sportsbook makes it easy to set up and start playing. A simple registration process must be followed in order to start placing bets. The minimum age requirement is 21+, otherwise you cannot proceed.

Your physical location in a legal state is a must. These include Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia, West Virginia and Wyoming. Once you are eligible, you must complete the following steps:

  1. Click on the link or on the “Bet now” button.
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If you have followed all the steps above, you can place your No Sweat First bet up to $1000.


What bets can I place on FanDuel Sportsbook to benefit from this promotional code offer?

FanDuel Sportsbook offers users to make bets on parlays, money lines, spreads and prop bets. Since the NBA season is already a month old, the game between the Minnesota Timberwolves (-110) and the Philadelphia 76ers (-110) is tonight’s highlight game. This can be a great way to start your betting journey.

The Timberwolves are enjoying a two-game winning streak that placed them 10th in the Western Conference, while the Philadelphia 76ers are on a three-game winning streak and 8th in the East. It’s an equal contest by all means.

However, anything is possible tonight. So hurry up and don’t miss such an interesting offer.

Quick links

More from Sportskeeda

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KlariVis partners with Five Banks https://ctcontra.com/klarivis-partners-with-five-banks/ Wed, 16 Nov 2022 19:00:00 +0000 https://ctcontra.com/klarivis-partners-with-five-banks/ ROANOKE, Va.–(BUSINESS WIRE)–KlariVis, a fast-growing enterprise analytics and dashboarding solution for the financial services industry, announced its partnership with five new financial institutions. As finance organizations seek an easier way to transform their data and empower executive and frontline decision-making, KlariVis continues to experience rapid growth. Year-to-date, the company has doubled its customer base, helping […]]]>

ROANOKE, Va.–(BUSINESS WIRE)–KlariVis, a fast-growing enterprise analytics and dashboarding solution for the financial services industry, announced its partnership with five new financial institutions.

As finance organizations seek an easier way to transform their data and empower executive and frontline decision-making, KlariVis continues to experience rapid growth. Year-to-date, the company has doubled its customer base, helping many banks across the country leverage their data to make informed, meaningful decisions that drive value.

The most recent banks to select from KlariVis include:

  • Bank of Springfield (BOS) in Illinois

  • First Citizens Community Bank in Pennsylvania

  • First Harrison Bank in Indiana

  • Salisbury Bank in Connecticut

  • United Fidelity Bank in Indiana

KlariVis is the first and only cloud-based, core-agnostic enterprise dashboard and analytics solution built for bankers, by bankers. The company’s platform compiles and aggregates high-value, actionable data into an intuitive, interactive dashboard that provides financial institutions of all sizes with timely insights that empower teams, drive profitability and improve productivity for everyone levels of the organization.

A bank that has recently partnered with KlariVis is Illinois-based Bank of Springfield (BOS). Founded in 1965, the bank is focused on supporting its community by developing lasting relationships with customers and making banking simple, convenient and personal. According to Mike Pence, president of the bank, “BOS strives to balance being data-driven and a relationship bank. We see the value in leveraging data to make informed decisions, but collecting data and making it digestible and readable has been a challenge. KlariVis simplifies things. Before meeting them, we were working on a data dashboard internally. Not only were we immediately impressed with their platform, but their knowledge base is outstanding. As former bankers, they really understand our weak points. We look forward to working with them.

With roots dating back to 1872, First Citizens Community Bank (FCCB), based in Mansfield, Pennsylvania, is focused on building the loyalty of its customers, employees and communities. KlariVis will be an essential part of this commitment. “We approached KlariVis with a simple need – we moved beyond our existing manual reporting structure and needed real-time metrics that our management could work with,” said Randy Black, President and CEO of FCCB. “We understood the importance of having a data-driven approach, but we needed to streamline our process. After seeing the platform and speaking with several banks that work with KlariVis, it was clear that they would be the best partner for us. We are still in the early stages, but the implementation process has gone smoothly. We can’t wait to get started and see KlariVis as a catalyst for our relationship building process going forward.

Since 1891, First Harrison Bank has been committed to providing its customers with friendly, personal service. KlariVis supports this mission, according to Chris Frederick, the bank’s chief financial officer and senior executive vice president. “The value that KlariVis brings to our bank is enormous. Data is essential to make informed decisions that support our growth, but compiling this information is time-consuming and laborious. With KlariVis, our team can focus on growing the bank rather than how to get the data. It really is a solution designed for banks.

For more than 170 years, Salisbury Bank has been dedicated to the communities and families it serves in Connecticut, Massachusetts and New York. With KlariVis, the bank will maintain this commitment by organizing data in an digestible and actionable way. “Data is important, but it has to be digestible. That’s why we partnered with KlariVis,” said Todd Clinton, Executive Vice President and Chief Risk Officer. “KlariVis is designed for users to understand the data, which was essential for us. Our goal is to make data an integral part of day-to-day functions, but in a way that people understand it. As a result, we gain visibility into our organization, see trends, identify potential issues, and then make decisions based on that information. Not only does KlariVis’ platform have significant value, it demonstrates a true understanding of the bank. We are confident in the caliber of people we work with and look forward to our partnership. »

Founded in 1914, Indiana-based United Fidelity Bank aims to foster long-term relationships with its customers. To carry out this mission, United Fidelity Bank has partnered with KlariVis. According to President and CEO, Don Neel, “For more than 100 years, we have built a strong reputation for providing exceptional service to our customers and the many communities we serve. To support this ongoing engagement, data is essential to better understand our customers’ needs, especially in a digital world where face-to-face interactions have become limited. We are excited to partner with KlariVis and turn data into high value insights. Their platform will allow our entire organization to see what they need to see when they need it. As a result, we can provide better experiences for our customers. »

Kim Snyder, CEO of KlariVis, said, “We continue to hear from community banks of all sizes that data is more important today than ever. Innovative banks like Bank of Springfield, FCCB, First Harrison, Salisbury Bank and United Fidelity are realizing that the current siled banking platforms they depend on are unable to deliver the valuable insights needed to run and grow their banks. So, they are looking for solutions like KlariVis to solve these data issues and support their strategic priorities. We are honored to have been selected by these institutions and look forward to being their data partner. »

About KlariVis

Created by seasoned community banking leaders, KlariVis was developed to enable institutions of all sizes to see their institution clearly and effectively access, interpret and act decisively on transformative data. The KlariVis team provides financial institutions with an enterprise dashboard and analytics solution designed to solve the data conundrum prevalent in the industry today. For more information, visit www.KlariVis.com or contact Kim Snyder, CEO and Founder, at kimsnyder@klarivis.com.

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Rutgers Survives First Real Test Against UMass Lowell: What Does It Mean? https://ctcontra.com/rutgers-survives-first-real-test-against-umass-lowell-what-does-it-mean/ Sun, 13 Nov 2022 17:42:36 +0000 https://ctcontra.com/rutgers-survives-first-real-test-against-umass-lowell-what-does-it-mean/ There will be plenty of tests on the schedule for Rutgers, but they haven’t happened yet. On Saturday, the first real test was thrown against the Scarlet Knights with the arrival of UMass Lowell in town. The River Hawks picked up two blowout wins to start the season. That includes a 27-point win over Columbia, […]]]>

There will be plenty of tests on the schedule for Rutgers, but they haven’t happened yet. On Saturday, the first real test was thrown against the Scarlet Knights with the arrival of UMass Lowell in town.

The River Hawks picked up two blowout wins to start the season. That includes a 27-point win over Columbia, which Rutgers handled in its season opener. The Scarlet Knights built a 13-point lead before halftime and were able to hang on for a win.

Rutgers will now have six days to prepare to face Temple in the Hall of Fame Showcase at Mohegan Sun Arena in Connecticut. What did we learn from the third game that can be resumed on Friday.

Cliff Omoruyi has arrived

This has been known, but it’s solidified at this point.

Cliff Omoruyi came into the season hoping to be one of the best bigs in the Big Ten. So far, he’s looked the part of a center that has an All-Conference shot. Again, it was mentioned that the competition wasn’t the best yet, but Omoruyi is dominating in the expected way.

Against UMass Lowell, Omoruyi recorded 22 points and 15 rebounds. He also added three blocks. Omoruyi is one of the best athletes in the conference. If there was a hit, he struggled to complete some lay-ups at times, but that will come as the season progresses.

What we saw was rebounding and solid defense. Omoruyi is averaging 16.3 points and 10.3 rebounds per game this season.

Derek Simpson is a weapon

Paul Mulcahy left Saturday’s game early with a shoulder injury, but Derek Simpson stepped in and played well.

Simpson struggled on the field but managed to reach the free throw line and went 10 for 10. It’s a skill that will benefit Rutgers, who have struggled on the line during the year. . Simpson showed flashy passing ability and some rim bouncing.

Whether Mulcahy misses a bit of time or is back on Friday, Simpson will continue to produce in the rotation, whether in the starting lineup or coming off the bench.

Cam Spencer is a real scorer

There are only a few players who have a knack for putting the ball in the basket at any level. It’s Cam Spencer.

The Loyola Maryland transfer leads the Scarlet Knights with 16.7 points per game. He’s shooting 50 percent from the field and is 7 of 14 from three-pointers and 11 of 11 from the free throw line. Against UMass Lowell, Spencer only went 3 for 9 from the field but was able to reach the line eight times.

During the offseason, Spencer’s arrival gave fans hope that the team would have another scorer on the roster. At first it certainly looks like it.

The depth is present for the scarlet knights

Caleb McConnell has yet to make his season debut, but Aundre Hyatt has stepped in perfectly. Simpson produces on the bench. Mawot Mag is strong on both sides.

Steve Pikiell has plenty of weapons to work with this season. The loss of Ron Harper Jr. and Geo Baker is made up for in different ways. As McConnell recovers from injury, Hyatt has 14.3 points and 6.3 rebounds per game as a starter.

This will be important in conference games. The Scarlet Knights will be tested against Temple and a road game against Miami, but there is plenty of talent to rely on going forward. Once McConnell is back, the big three with Omoruyi and Mulcahy will be there but the bench will also pack a punch.

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Savings rates of 3% are no longer out of reach. Here’s where you can find them https://ctcontra.com/savings-rates-of-3-are-no-longer-out-of-reach-heres-where-you-can-find-them/ Thu, 10 Nov 2022 15:59:00 +0000 https://ctcontra.com/savings-rates-of-3-are-no-longer-out-of-reach-heres-where-you-can-find-them/ After years of earning essentially nothing on your money, it’s finally possible to see a real return in your savings account. The new interest rate to reach, or even beat, for a competitive high-yield account: 3%. The The Fed’s repeated rate hikes put an end to a long drought of near-zero returns for savers. While […]]]>

After years of earning essentially nothing on your money, it’s finally possible to see a real return in your savings account. The new interest rate to reach, or even beat, for a competitive high-yield account: 3%.

The The Fed’s repeated rate hikes put an end to a long drought of near-zero returns for savers. While the average rate is still only around 0.2% nationally, experts say it’s getting easier to find rates several times higher than that, if you’re willing to shop around for a best place to park your money.

Many large banks have crossed the 3% threshold and, with rates still rising, some are reaching 3.5% or more. BarclaysCapital One, Marcus by Goldman Sachs and Synchrony, to name a few of the larger ones, are all currently advertising 3% APYs on their High Yield Savings Accounts. Digital bank LendingClub and CIT Bank hit 3.5%, and BrioDirect (the online brand of Connecticut-based Webster Bank) tips the scales with an APY of 3.75%.

For a little context of how big and fast the rate environment is changing, consider: Only about three months ago, Capital One 360 ​​Performance Savings offered an APY of 1.3 % – and it was one of the best rates on there at the time. (Capital One 360 ​​Performance Savings remains our choice for Best Overall Savings Account.)

“For more than a decade, households had very little choice in terms of how their money would return, and that environment has changed for the better,” says Ken Leon, director of equity research at CFRA in New York. .

Of course, 3% or even 3.75% is still painful in some ways—you earn less than half the rate of inflation, which pinches household budgets for everyone. But get a guaranteed return of around 3% FDIC Protected Deposits without having to do anything else is a nice bonus. If you’ve saved $10,000, earning 3% means getting an extra $300 a year. “This is particularly good news for retirement households.” adds Leon.

Here are some tips for capitalizing on the new environment.


Strategies for Finding the Best Savings Rates

There are a few places you can look for a savings account that offers high interest and some caveats to keep in mind. Even some large national banks are now offering savings rates that would have been unthinkable a year ago.

Try an aggregator

Sites that aggregate banking offers can be a good place to start your search for a high-yield savings account. You can find the Buy Side picks for the The best savings accounts here. High APYs have become a particularly competitive calling card among pure-play digital and fintech-backed neobanks. With lower overhead costs than their physical counterparts, these companies have more leeway to offer higher rates on deposits.

Check less famous banks

Don’t overlook the websites of individual institutions, as smaller regional and community banks as well as credit unions can be good places to look for high savings rates as they look to shore up their deposits ahead of a potential economic downturn. . The way banking math works, these types of institutions have more of an incentive to compete for your money because they are more dependent on depositors’ money to fund other business operations.

keep it simple

The whole point of earning interest on your savings is that it’s meant to be simple – so it’s important to read the terms and conditions carefully before opening a savings account advertising a high interest rate. Getting a few extra basis points – barely a hundredth of a percentage point – to the exclusion of everything else can backfire if it also means dealing with poor customer service, a buggy website, a host of terms and conditions complex or difficult to follow. terms.

Don’t overlook CDs, I Bonds and other options

For many investors, savings accounts offer a hard-to-beat combination of flexibility and attractive interest rates. But if you’re willing to commit to saving for several months or years, you can get even better rates. APY on some CDs exceed 4%, and if you learn to build a CD scaleyou can take advantage of higher rates and still have short-term access to at least some of your money.

Meanwhile, bond yields Iissued by the Treasury Department, are guaranteed at almost 7% for the next six months, although you must commit your money for at least a year, among other restrictions.

Why rates for savers are rising

The Federal Reserve has raised rates at a rapid pace in an attempt to rein in inflation that has been at or near four-decade highs for months. This threw waves in the normally placid environment of ordinary savings accounts.

More recently, at its November meeting, the Fed raised its key rate, which had a lower range of 0% just 10 months ago, to a range of 3.75% to 4%. “This is a very, very aggressive increase in the fed funds rate in a very short period of time,” says Jamie Coxmanaging partner at Harris Financial Group.

The Federal Reserve does not directly influence what consumers earn in savings accounts. But his actions tend to ripple through the economy. When the Fed tries to dampen demand by making it more expensive for banks to access capital, they also end up paying more to borrow from ordinary savers like you. “Now depositors have options, and the whole story is really about the consumer,” says Leon.

An industry secret: Consumer deposits are particularly attractive to banks when interest rates rise because most consumers are not as quick as other depositors, such as large corporations, to jump ship as soon as that they see a higher rate elsewhere. To be fair: unless you work in a corporate finance department, it’s not your day job and moving your money around can be a hassle, especially if you use online bill payment services and automated.

Any advice, recommendations, or rankings expressed in this article are those of the WSJ’s Buy Side Editorial Team, and have not been reviewed or endorsed by our business partners.

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In the NIL era, business is good for returnees https://ctcontra.com/in-the-nil-era-business-is-good-for-returnees/ Thu, 03 Nov 2022 21:57:13 +0000 https://ctcontra.com/in-the-nil-era-business-is-good-for-returnees/ Armando Bacot didn’t leave North Carolina early after a memorable run at the NCAA Championship Game to pursue a professional playing career. Neither did Gonzaga’s Drew Timme, an All-American star on one of the nation’s top programs. No, business is already good for both male and female college basketball players able to cash in on […]]]>

Armando Bacot didn’t leave North Carolina early after a memorable run at the NCAA Championship Game to pursue a professional playing career. Neither did Gonzaga’s Drew Timme, an All-American star on one of the nation’s top programs.

No, business is already good for both male and female college basketball players able to cash in on their fame now.

The option to stay in school is more appealing than ever since the NCAA allowed college athletes to benefit from the use of their name, image and likeness in the summer of 2021.

“It’s definitely a factor, definitely something that helped,” said Timme, a two-time Associated Press second-team All-American and a preseason pick this year. “If you look across the landscape of not just college basketball, but all of college sports, that’s a big reason a lot of people are keen to come back.”

That’s especially true on the women’s side, where NIL deals and charter travel offer more appeal than rookie salaries and hotly contested commercial flights in the WNBA.

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50 countries urge China to release detained Uyghurs https://ctcontra.com/50-countries-urge-china-to-release-detained-uyghurs/ Mon, 31 Oct 2022 23:55:24 +0000 https://ctcontra.com/50-countries-urge-china-to-release-detained-uyghurs/ UNITED NATIONS (AP) — Fifty, mostly Western, countries on Monday urged China to fully implement all recommendations of a UN report accusing the country of possible “crimes against humanity” against Uyghurs and other predominantly Muslim ethnic groups, including taking swift action to release all those “arbitrarily deprived of their liberty” in the western province of […]]]>

UNITED NATIONS (AP) — Fifty, mostly Western, countries on Monday urged China to fully implement all recommendations of a UN report accusing the country of possible “crimes against humanity” against Uyghurs and other predominantly Muslim ethnic groups, including taking swift action to release all those “arbitrarily deprived of their liberty” in the western province of Xinjiang.

Canada’s UN Ambassador Bob Rae read the statement at a meeting of the General Assembly Human Rights Committee, expressing grave concern over the human rights situation in China and Beijing’s failure so far to discuss the report’s findings on ongoing violations against Uyghurs and other Muslim groups. .

Human rights groups have accused China of dragging a million or more people from minority groups into detention camps where many said they were tortured, sexually assaulted and forced to give up their lives. language and their religion. The camps were just part of what rights organizations called a ruthless campaign against extremism in Xinjiang that also included draconian birth control policies and comprehensive restrictions on the movement of people.

The assessment by the Geneva-based UN human rights office was released in the final minutes of High Commissioner for Human Rights Michelle Bachelet’s four-year tenure on August 31. It largely corroborates previous reports by researchers, advocacy groups and the media.

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Bridge Partners is hiring a General Counsel for the Federal Reserve Bank of New York https://ctcontra.com/bridge-partners-is-hiring-a-general-counsel-for-the-federal-reserve-bank-of-new-york/ Fri, 28 Oct 2022 20:42:10 +0000 https://ctcontra.com/bridge-partners-is-hiring-a-general-counsel-for-the-federal-reserve-bank-of-new-york/ October 28, 2022 – New York-based Bridge Partners helped recruit Richard Ostrander as new legal counsel to the Federal Reserve Bank of New York. Recruitment firm founders and partners Tory Clarke and Larry Griffin, along with partner Ryan Whitacre, led the mission. “Rick has deep expertise in the legal and compliance issues facing financial institutions […]]]>

October 28, 2022 – New York-based Bridge Partners helped recruit Richard Ostrander as new legal counsel to the Federal Reserve Bank of New York. Recruitment firm founders and partners Tory Clarke and Larry Griffin, along with partner Ryan Whitacre, led the mission. “Rick has deep expertise in the legal and compliance issues facing financial institutions and markets today, which will help us lead and prepare for the digital innovation of tomorrow,” said John C. Williams. , President and CEO of the New York Fed. “His commitment to diversity, equity and inclusion practices within teams and his ability to engage inclusively with lines of business on complex legal challenges will make him a great addition to our leadership team. .”

Mr. Ostrander will join the New York Fed in November. He is currently Managing Director of Legal and Compliance at BlackRock. In his current role, Mr. Ostrander oversees legal coverage of trading activities at BlackRock, as well as legal coverage of BlackRock Solutions and related technology areas and issues. He is a member of several BlackRock risk management and oversight committees and is an active leader in the legal and compliance function’s diversity, equity and inclusion initiatives. Prior to joining BlackRock in 2011, Mr. Ostrander was Managing Director responsible for global legal coverage for Morgan Stanley’s Fixed Income division. He began his legal career as an associate at Cleary Gottlieb in 1995.

In his new role with the New York Fed, Mr. Ostrander will also serve as a member of the bank’s executive committee and act as deputy general counsel to the federal open market committee. “I couldn’t be more honored to be offered the opportunity to join the New York Fed,” he said. “I am delighted to be able to apply the skills I have acquired during my career to such an important public service mission. The New York Fed is at the heart of multiple critical public policy issues and it will be a privilege to help the legal group and the bank address them.

The Federal Reserve Bank of New York is one of 12 regional reserve banks which, together with the Board of Governors in Washington, DC, constitute the Federal Reserve System. The Fed, as the system is commonly known, is an independent government entity created by Congress in 1913 to serve as the central bank of the United States. The Federal Reserve is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, and providing financial services. services for the US government. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the US Virgin Islands.

Related: Korn Ferry Places President at Federal Reserve Bank of Philadelphia

Four years ago, Bridge Partners and Spencer Stuart appointed John Williams as president and CEO of the New York Fed.

Respected recruiters

Bridge Partners is a Certified Minority Supplier and Minority Trading Company. Based in New York, with offices in Washington, DC, Philadelphia, Chicago and Boston, the company has searched for senior executives in higher education/university for positions such as human resources manager, finance manager, of Audit and Deans. Its nonprofit and for-profit clients include the Denver Housing Authority, Women In Need, TIAA-CREF, Freddie Mac, Accion, Colgate-Palmolive, YWCA, Starbucks, and the Federal Reserve System.

Ms. Clarke takes on high-level global research assignments for private sector, public sector and international non-profit/social enterprise clients, across all functions. A 20-year veteran of the executive search industry, she has recruited a variety of executives, including CEOs/Presidents and their leadership teams, both at corporate headquarters and in regional locations around the world.

Mr. Griffin partners with clients on leadership engagements in the private, federal/public, and not-for-profit sectors. He has been in executive search for nearly 30 years and has recruited various leaders in multiple functions, from CEO/Executive Directors/Presidents to functional heads, including CFO, CMO, CIO, the Strategy Director and their teams.

Mr. Whitacre is a strategic advisor and talent scout to hiring managers and search committees for leadership positions – board, C-suite and function heads – across the industry and the ‘industry. As head of Bridge Partners’ Chicago office, he is dedicated to identifying and recruiting a diverse set of talent for every assignment.

Related: Boston Federal Reserve Operates Diverse Research Group | Koya Partners will find the vice president of DE&I

Contributed by Scott A. Scanlon, Editor; Dale M. Zupsansky, editor; and Stephen Sawicki, Editor – Hunt Scanlon Media

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State candidates disagree on top issues facing Norwalk residents https://ctcontra.com/state-candidates-disagree-on-top-issues-facing-norwalk-residents/ Wed, 26 Oct 2022 11:48:35 +0000 https://ctcontra.com/state-candidates-disagree-on-top-issues-facing-norwalk-residents/ NORWALK — A former Common Council member and a resident who once ran for a seat on the panel squared off in a debate this week in State House 137th District. Kadeem Roberts, who served on the council from 2019 to 2021, announced his candidacy for the 137th District post after incumbent Chris Perone announced […]]]>

NORWALK — A former Common Council member and a resident who once ran for a seat on the panel squared off in a debate this week in State House 137th District.

Kadeem Roberts, who served on the council from 2019 to 2021, announced his candidacy for the 137th District post after incumbent Chris Perone announced this year that he would not run again. Perone held the seat for nearly two decades before choosing not to run again.

Roberts, the Democratic candidate, debated more than a dozen issues at a Monday night 137th District debate hosted by the Norwalk League of Women Voters at Cornerstone Community Church on West Avenue.

The Republican candidate, Luis Estrella, had previously run for a spot on the District A Common Council in 2021 and had never previously held elected office.

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Helping the Chesapeake Bay from Upstream https://ctcontra.com/helping-the-chesapeake-bay-from-upstream/ Sun, 23 Oct 2022 13:17:14 +0000 https://ctcontra.com/helping-the-chesapeake-bay-from-upstream/ WESTOVER, Va. (AP) – The Atlantic eel that Ken Slazyk pulled from the pot in the James River, 8 miles downstream from Hopewell, was an 18-inch-long green juvenile that had, in one of modernity’s greatest mysteries biology, traveled up the river where his parents had spent their early days, feeding on James’s baby crabs, baby […]]]>

WESTOVER, Va. (AP) – The Atlantic eel that Ken Slazyk pulled from the pot in the James River, 8 miles downstream from Hopewell, was an 18-inch-long green juvenile that had, in one of modernity’s greatest mysteries biology, traveled up the river where his parents had spent their early days, feeding on James’s baby crabs, baby minnows and insects.

So this eel could, like its mother, turn gray and white, grow as thick as Slazyk’s forearm, and swim out to the vast Sargasso Sea of ​​the mid-Atlantic, mate, and in the spring , seeing its tiny “elvers” or glass eels, making their way back to the James – just like the eels that have swum to the Sargassum over the winter from the Delaware, Hudson, Connecticut and a dozen European rivers from Norway to the Mediterranean will infallibly return to the spring and summer feeding grounds of their parents.

If, that is, this eel manages to escape the eel traps of a growing Chesapeake Bay fishery, said Slazyk, senior education officer at the Chesapeake Bay Foundation. in Virginia.

Eels are a popular food fish in Europe and Asia, and one of this size could easily fetch a fisherman $2 or $3; the smaller ones are popular for bait.

A short boat ride on the James from Hopewell, where from 1966 to 1974 Allied Chemical dumped Kepone insecticide, a poison that stopped crabs and oysters in the rich waters off Newport News where the James casts in the Chesapeake for over a decade, Slazyk had also shot some large male blue crabs – Jimmys. No one is quite sure why some male blue crabs like to hang out so far up the river, while mature females, after spawning, head for the saltier middle of the bay itself.

But one of the main challenges of a stock assessment that has just been launched will be to learn more about the male crabs, said Chris Moore, a senior scientist at the foundation involved in the assessment, the first since 2011.

Virginia and Maryland manage their blue crab fisheries by monitoring the number of female and juvenile crabs, but Moore said scientists are beginning to wonder if there are enough males around. The assessment will also see what new data on rainfall, water temperature and predators suggest about ways to manage blue crab numbers.

After returning the eel to the James, Slazyk would quickly drag a small trawl through the Herring Creek tributary of the river and raise baby crabs, some barely as big as the first knuckle of a finger, tiny chub minnows. water, a small shad and a flounder. – like a “pig choker” – so called because when settlers tried to feed them their pigs, the animals choked if the fish were fed tail-first, said foundation scientist Chris Moore .

And a surprise:

“A place, 80 miles from the bay,” Slazyk said, holding a 4-inch-long specimen of Leiostomus xanthurus, a small, short-lived saltwater fish that anglers regularly haul from the Chesapeake as they hunt popular fish such as striped bass, cobia and drum.

The water here is barely salty – roughly the equivalent of slipping a grain of salt into a liter of water – but even so far away the same tides that raise and lower the bay 3 feet cause the waters to of the river at Hopewell ebb and flow as well.

“Kepone was truly a turning point in Virginia,” said Peggy Sanner, the foundation’s executive director in Virginia, as the foundation’s Baywatcher departed from her berth near the Benjamin Harrison Bridge outside of Hopewell for the journey to Herring Creek.

“People realized we had a big problem.”

But these days, Hopewell is a leader in tackling a major challenge for the bay. After cleaning up its act with Kepone, the small town at the confluence of the Appomattox and James rivers focused on preventing rainstorm runoff from flowing into those creeks.

Stormwater runoff is a major source of nitrogen, phosphorus and sediment that pollutes the bay, feeding algae that create summer’s oxygen-deprived dead zones and smothering underwater weeds and tiny creatures , from juvenile crabs to baby striped bass, which shelter there.

Sanner said one of the priorities for the upcoming General Assembly is to strengthen the state‘s Local Stormwater Assistance Fund, which provides matching grants to local governments for planning, design and implementation. implementation of stormwater management best practices, such as retention ponds and wetlands or stream restoration projects.

The Kepone disaster, meanwhile, prompted the formation of the Virginia Environmental Endowment, the $41 million fund that provides grants for projects across the state — including the Better Farming Practices program that Moore is helping to set up near the headwaters of the James in the Shenandoah Valley, in addition to its day-to-day work monitoring crab, oyster and fish population trends in the bay.

The aim is to persuade farmers to plant trees along riverbanks to slow erosion and the movement of groundwater carrying leftover nitrogen and phosphorus from fertilizers and animal waste into the waters which eventually reach the bay itself. Moore also urges farmers to put up fencing to keep livestock out of waterways and consider moving livestock more frequently from field to field to reduce erosion.

These days, as the foundation launches a new effort to plant endangered freshwater mussels across the upper watershed – including some that have just been bred at the Harrison Lake National Fish Hatchery in Herring Creek that is to be planted in the James by the southern Albemarle County town of Scottsville – Moore would like to remind farmers that their efforts to reduce pollutants flowing into the bay also pay off locally.

Clearer streams are good for trout; preventing erosion keeps fields fertile; stamps attract deer for hunters; and keeping cattle out of waterways means they are less exposed to bacteria and less likely to get stuck in mud and risk breaking their limbs, he insists telling farmers – an argument that Augusta County Shenandoah Valley Foundation Trustee Robert N. Whitescarver also does.

Agricultural runoff is perhaps the biggest source of pollutants left to address if Virginia is to meet the 2025 bay cleanup goals, Sanner said. As Virginia farmers are interested and the General Assembly has increased cost-sharing funds to help them with these efforts, she plans to ask the assembly to authorize even more help in the form of an incentive program.

Agriculture and stormwater runoff are tough challenges because there are many individual sources of nitrogen, phosphorus, and sediment, unlike wastewater treatment plants where Virginia’s investments since 2010 have had a significant impact. .

Stormwater is of particular concern because the amount of pollutants pouring into the bay from city and suburban streets is actually increasing, the only area where it is, she said.

At the same time, the state’s overburdened environmental regulators have lagged in reviewing stormwater permits and simply extended those that have expired without requiring updated pollution-reduction standards.

Another area of ​​growing concern is aging septic systems in rural coastal counties, Sanner said.

Rising sea levels and failing systems mean the foundation will ask the assembly to find ways to help residents of the Middle Peninsula, North Neck and East Coast install the new, more expensive systems. that can cope with higher water tables, she said.

On the Baywatcher, skirting far upriver from the bay itself, Sanner said it’s important to remember that cleaning up the bay must involve more than those who live on its shores.

The foundation’s boat, for example, has the mission of taking students from the Richmond area on the river for environmental education excursions.

And a favorite way to make a point of connecting the upstream with the bay is the bridge run to Ducking Stool Point, named after the colonial era test for witches, where on this trip took the opportunity to spot a darting blue kingfisher and a giant bald eagle returning to its nest in a tall loblolly pine.

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