March 19, 2021

Day: March 19, 2021

Today’s top deals: 3D printers starting at $154, a personal smoothie maker for $25.49 and more

Recently I encountered a series of TikTok videos in which a guy creates some amazing cosplay stuff — swords, helmets, complete Iron Man costumes — using only a 3D printer. (Check him out on YouTube if you’re interested.) When you see the results, you figure he must be using some high-end industrial model far beyond the reach of ordinary humans.

Actually, he says you can do a lot with just a basic 3D printer — and he highly recommends starting with a Creality. I hadn’t heard of that brand, but after doing a bit of research, it does seem

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Making News in Business

Florence Bank to open 3rd Hampden County branch 

CHICOPEE — Florence Bank will open its third Hampden County branch at 705 Memorial Drive in Chicopee on March 22, and a ribbon-cutting ceremony is slated for May 5.

A small number of bank employees, board members and corporators will be present for the in-person, socially distanced, ribbon cutting, along with Chicopee Mayor John L. Vieau.

The Chicopee branch has an open floor plan with two teller pods and innovative technology for quick cash handling. The location will also feature a drive-up ATM with SMART technology for easy depositing.

Kimberly Downing of

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JPMorgan to Buy $410 Million Stake in Chinese Bank’s Wealth Business

JPMorgan

JPM -2.60%

Chase & Co. agreed to pay $410 million for a stake in a leading Chinese wealth-management business, as the U.S. financial industry continues to make inroads in China.

The U.S. banking giant’s asset-management arm plans to take a 10% stake in the wealth subsidiary of

China Merchants Bank.

CIHKY -3.57%

The deal, which is pending regulatory approval, marks the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.

U.S. investment banks, asset managers and credit-card companies have long coveted a bigger presence in China but were held back for

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Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg

Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the matter said.

The New York-listed insurer has made a preliminary takeover approach for Hartford, said the people, who asked not to be identified because the discussions are private. Deliberations are at an early stage and may not lead to a transaction, they said.

A representative for Hartford wasn’t able to immediately comment. A representative for Chubb couldn’t be immediately reached for comment.

Shares of Hartford

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Greensill Didn’t Just Finance Bluestone’s Supply Chain

Blue vs. Green

I feel like I don’t yet entirely understand what went wrong at Greensill Capital. Greensill, the story goes, was a leader in the business of supply-chain finance, in which it would insert itself between buyers and sellers of products, paying the sellers a bit early

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