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Connecticut to Review Wells Fargo Relationships

Mike Mozart
/
Creative Commons

State Treasurer Denise Nappier will review all of Connecticut’s business relationships with Wells Fargo, as the bank is mired in scandal over bogus accounts. Wells Fargo is leading a bond sale for Connecticut next month; Nappier now says she will appoint Morgan Stanley to partner in managing that sale. 

Wells Fargo has been censured by the Consumer Financial Protection Bureau after admitting it collected fees illegally through millions of unauthorized accounts, and its CEO John Stumpf has had to face angry questioning from federal lawmakers over the scandal.

Hartford a "Knowledge Capital"

Hartford got plaudits in a recent report, named a Knowledge Capital of the world. The Brookings Institution’s Metropolitan Policy Program named 19 such cities, ranking Hartford alongside Zurich, Stockholm, Chicago, and Washington DC, as a highly productive center of innovation, with a talented workforce and elite research universities. Hartford ranks very highly within the category in productivity and in gross domestic product per worker.

Veteran Businesses to Get State Preference

A new law goes into effect in Connecticut this weekend that aims to boost veteran-owned businesses in the state. The legislation gives small, veteran-owned companies a price preference of up to 15 percent on orders or contracts with state agencies. The new terms will apply to businesses that have had gross revenues below $3 million in the most recent fiscal year, and are at least 51 percent owned by a veteran.

Harriet Jones is Managing Editor for Connecticut Public Radio, overseeing the coverage of daily stories from our busy newsroom.

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SOMOS CONNECTICUT is an initiative from Connecticut Public, the state’s local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

Connecticut Public’s journalism is made possible, in part by funding from Jeffrey Hoffman and Robert Jaeger.