Mortgage Blog
Merkley bill would place fees on opioid makers to fund drug treatment
Oregon’s funding for opioid treatment would more than double under a bill that U.S. Sen. Jeff Merkley introduced Wednesday to levy fees on opioid drug makers.
“Drug companies flooded the streets with massive quantities of opioids to enrich themselves while a generation of Americans got hooked,” Merkley said in a statement. “It is time for those companies to commit a portion of those profits to dramatically increase treatment capacity to address this crisis.”
The Opioid Treatment Surge…
New pediatric chief helps bring science fiction to life
Dr. Steven Lipshultz brings a long career in pediatric oncology the Buffalo as the new chief of peds at John R. Oishei Children’s Hospital, as well as research dollars in population health and heart care. He talked to Buffalo Business First about what brought him here from Michigan.
NASCAR taps Deloitte to audit team finances
NASCAR has hired Deloitte to audit teams’ finances and create a common accounting platform, sources said, an unprecedented step that teams have agreed to in order to help find a new competitive balance framework.
The sanctioning body has been working with teams in its top-flight Monster Energy NASCAR Cup Series in recent years to cut costs and increase revenue, and the efforts have picked up steam under the direction of new Chairman and CEO Jim France. Continued slides in key performance indicators…
Wells Fargo fires district managers in connection with improper sales practices
Wells Fargo & Co. (NYSE: WFC) recently fired about three dozen district managers in connection with improper sales practices, according to a Wednesday report from The Wall Street Journal.
Citing “people familiar with the matter,” the WSJ reports the managers were fired for oversight failure following the now-infamous sales scandal in Wells Fargo's retail operations. That scandal, which involved millions of fake accounts created without customers' knowledge or consent, was uncovered in late 2016.
Wells…
Banking Roundup: Wells Fargo fires district managers over improper sales practices… BofA shakes up management
The nation’s largest banks — such as JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) — have operations around the country. Here are recent stories reported by The Business Journals and other media outlets.
Wells Fargo & Co. recently fired about three dozen district managers in connection with improper sales practices, according to a Wednesday report…
Valley Bank announces new Central Florida market president and another branch
New Jersey-based Valley Bank has a new Central Florida market president.
Sam Miles, who has been leading Valley’s operations in Orlando for the past 10 years as the city's market president, will oversee both the Orlando and Jacksonville markets for the bank. Miles takes over the position after Sandy Hostetter left to become SunTrust Banks Inc.'s (NYSE: STI) Central Florida market president.
“Both the Orlando and Jacksonville markets have excellent potential for Valley as we continue to grow,”…
Exclusive: Bank of America sees key Bay Area executive retire
A retiring Bank of America executive reflects on how the banking industry has progressed on the technology front over her nearly four-decade career.
Oregon Sports Angels celebrates anniversary, plans expansion
The angel fund on Wednesday celebrated its first birthday with its fifth pitch meeting. The fund has invested in two companies and expects to write more checks and grow its membership in 2019.
U.S. Bank hires new chief analytics officer
U.S. Bank has hired Srini Nallasivan as its new chief analytics officer. Nallasivan replaces Bill Hoffman, who left in July.
In the position, Nallasivan will be responsible for gathering and analyzing the bank's various data to make sound business decisions and improve customer experience, according to a bank spokesperson. He will report to Executive Vice President and Chief Strategy Officer Kai Sakstrup.
“Data is one the bank’s most valuable assets, and every insight we gain from our analytics…
JPMorgan donating millions to boost the local tech workforce: Here are 5 things to know
JPMorgan Chase & Co. (NYSE: JPM) will donate $6 million to five of the region's larger school districts to help expand the pipeline of students studying technology-related fields and connect them with higher-paying jobs, the financial firm announced Thursday.
The fresh money is part of the company's “New Skills for Youth” program and will support the development of new educational initiatives in D.C. Public Schools, Fairfax County Public Schools, Montgomery County Public Schools, Prince George’s…