Mortgage Blog
EXCLUSIVE: Fifth Third names Louisville native to lead private-banking business in Kentucky
The company also hired someone new for a director position in private banking.
Q&A with Kristyn Cook-Turner, 2018 Women Who Mean Business honoree
Atlanta Business Chronicle has named our 2018 Women Who Mean Business honorees. The women will be celebrated at an awards event Oct. 18 at American Spirit Works. Here’s a Q&A with one of the finalists, Kristyn Cook-Turner, area vice president, Southeastern Market Area, State Farm Insurance Co.:
Q: You’ve been named one of Atlanta Business Chronicle’s Women Who Mean Business 2018. How can other women leaders win similar accolades for their achievements?
A: Always…
Look for ways…
Kraft Heinz launches $100M venture capital fund for food tech
The Kraft Heinz Co. has established a venture capital fund that will invest in emerging tech companies that are aiming to transform the food industry.
Chicago- and Pittsburgh-based Kraft Heinz (Nasdaq: KHC) said it has committed up to $100 million to the fund, dubbed Evolv Ventures, which will be based in Chicago.
The food company also brought on venture investor Bill Pescatello to lead the fund.
Pescatello is a founding member of Peacock Equity, a $250 million capital fund formed by NBCUniversal…
GE Capital sells $1B worth of energy investments to Apollo
GE Capital, the financial services arm of the Boston-based conglomerate, has agreed to sell roughly $1 billion worth of energy-sector investments to public equity giant Apollo Global Management LLC.
GE (NYSE: GE) did not disclose how much Apollo (NYSE: APO) was paying to acquire the portfolio of mostly equity investments in energy assets. The portfolio includes “approximately 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure assets” that…
Enterprise Products to raise $3 billion in debt for organic growth
The company expects to spend the proceeds to reduce existing debt or grow organically.
Business Journal hires Portero as Money reporter
The South Florida Business Journal has hired Ashley Portero as its Money reporter.
The Miami native will cover banking, personal wealth and finance; investments (including fraud); economic development; insurance; and the business of sports.
“After a decade away, I’m excited about covering business news from my hometown,” Portero said. “I look forward to writing the type of financial news that keeps our readers informed and helps them succeed in business.”
A graduate of Emerson College,…
JPMorgan’s requirement for new staff: coding lessons
Hundreds of new investment bankers and asset managers have undergone mandatory training.
Durham-based investment firm raises nearly $355M
The funds have been raised from 53 investors and one nonaccredited investor.
How to complete operational projects after M&A with limited outside spend
Organizations merge and acquire each other as a means of expansion and development, but M&A also creates unrest and unsettlement. When a company is acquired by another company, management is not prepared for the preemptive resignations. Additionally, management is less prepared for the disruptive aftermath that results once the lawyers, bankers, consultants, and accountants leave.
In forming a new normal, organizations face the challenge of integration. This cleanup takes the multi-faced form of…
USA Technologies stock continues to tumble after update on internal audit
USAT provided an update on Oct. 1 that said the audit is ongoing and that means the company still is not in position to file its 10-K within the 15 calendar day extension it was granted.