Mortgage Blog

Ameen Amin has been with Morgan Stanley for three years.

Richard Davis, the former CEO of U.S. Bancorp, will become the new head of Make-A-Wish America.

Davis will start as CEO with the nonprofit that helps ill children on Jan. 2, according to an announcement. Phoenix-based Make-A-Wish America is the parent organization of the Make-A-Wish Foundation.

He will replace David Williams, who served as president and CEO of Make-A-Wish America for 14 years. Williams said last spring he would be leaving his role at the Phoenix charity. His last day will be Oct.…

Ahead of a major expansion in Boston, a city known for its asset management giants, Massachusetts Mutual Life Insurance Co. is significantly cutting down on its presence in the asset management field.

MassMutual said Thursday that it was selling its New York-based asset management affiliate OppenheimerFunds Inc. to Invesco Ltd. (NYSE: IVZ) in a deal valued at $5.7 billion. The announcement confirmed September media reports of the sale.

Oppenheimer, which MassMutual has owned for 28 years, manages…

Tesla CEO Elon Musk was fined $20 million by the Securities and Exchange Commission last month.

Despite rising tensions between the U.S. and Saudi Arabia, Blackstone Group's chief executive Stephen Schwarzman isn't worried about not securing funds from the country.

The New York-based buyout firm is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund. So far, Blackstone raised around $5 billion — half of which came from the country's main sovereign wealth fund (h/t Reuters).

Schwarzman was one of many big-name investors who pulled out of a planned…

Chairman and CEO Mark Hanna says the company is focused on where it can make the most positive and meaningful impacts, with a concentration on health, education and activity.

For Regions Bank executive Kelley Brown-Murro, banking is a family affair.

“My mom was a banker and, growing up, she was a role model of mine,” said Brown-Murro, Regions’ market executive and commercial banking leader in Fort Lauderdale and West Palm Beach. “She was a single mom and had a great career that allowed her to juggle her family, community and job. So, I think had a passion for the job because I watched her.”

Brown-Murro worked as a teller at Citibank ­– a position she called…

The 13-year-old court battle between Goldman Sachs Group and about 2,300 women may drag on to 2020.

That's because the New York-based bank now says that some of the unnamed women taking part in a class-action lawsuit may have signed arbitration agreements, meaning they agreed to settle all disputes outside of court.

The women are suing Goldman Sachs (NYSE: GS) over gender bias allegations.

According to the New York Post, citing documents filed on Wednesday in Manhattan federal court, Goldman…

M&T Bank's move into its new offices at the $170 million One Light Street tower is essentially complete.

The Buffalo, New York-based bank signed a 15-year lease with two five-year renewal options to occupy 155,000 square feet across six floors in the all-glass building developed by Madison Marquette.

More than 600 employees moved from the bank's old space at 25 S. Charles. The bank had been in its old space since a predecessor bank, First National Bank of Maryland, moved there in the 1970s.

Augie…

Boston Private Financial Holdings Inc. has laid off at least 60 employees — most of them in Massachusetts — after struggling to grow deposits earlier this year.

Boston Private (Nasdaq: BPFH) announced the layoffs late Wednesday at the same time it revealed third-quarter earnings. The company brought in $18 million in net income from July through September. That's a major improvement over the second quarter, when its net income was $6.4 million — a 9 percent decrease year-over-year.

The bank…