Mortgage Blog

JPMorgan Chase & Co. plans to lay off 107 employees in San Antonio and eliminated those positions.

JPMorgan (NYSE: JPM), a New York City-based financial services company, filed a noticed with the Texas Workforce Commission on Oct. 3 indicating the jobs will be eliminated in about 60 days. The company has an outplacement assistance program and severance for eligible employees, while individuals may apply for other jobs within the business.

“We always look for ways to operate more effectively and…

Fidelity Investments asset management chief Charlie Morrison plans to retire at the end of this year, the company said Friday, creating an opening in one of the highest-ranking positions within the Boston-based investment giant.

Morrison has served as president of asset management since 2014, overseeing an investment team that manages $2.6 trillion in assets. His retirement will end a career of more than three decades at Fidelity. The company’s assets under management have increased by 28 percent…

Form D Friday is a weekly Denver Business Journal feature.

The company's growth plan calls for hiring two to three people every quarter for the foreseeable future.

Bank of Commerce Holdings' first Sacramento branch will be in the oldest operating bank building in the city.

On Thursday, Sacramento-based Bank of Commerce Holdings (Nasdaq: BOCH) agreed to buy The Merchants National Bank of Sacramento in a deal valued at $37 million.

The merger will give the bank a branch at Seventh and Merchant streets in the historic building where Merchants National was founded in 1921.

Bank of Commerce moved its corporate headquarters from Redding to Sacramento in August…

San Francisco-based Brex, the fintech that issues credit cards to startups, said Friday that it raised $125 million in a third round of funding led by Greenoaks Capital and DST Global.

The financing occurred at a valuation of more than $1 billion, placing Brex among a collection of privately-held “unicorn” startups valued at $1 billion or more.

The company will use the capital to debut one of the most popular features of a credit card: a rewards program.

Brex was featured last month in a San Francisco…

Teams from competing Hawaii businesses raised more than $100,000 for Kahauiki Village, the housing project for homeless families launched by Duane Kurisu, in the American Savings Bank Hawaii Curling Club Charity Classic held Thursday night at Ice Palace.

Olympic gold medalists Joe Polo and Tyler George were on hand to help the teams perfect their technique.

“We love to curl around the world, but curling in Hawaii is especially unique given the warm, tropical environment,” said Tyler George,…

The flow of U.S. venture capital isn't what it used to be.

According to a new study, America’s long-held singular dominance of startup and venture capital activity is being challenged by “the rapid ascent of cities in Asia, Europe, and elsewhere.”

Still, the U.S. remains the clear global leader, but the rest of the world is gaining ground at an accelerating rate, the study continued.

New York University's Shack Institute of Real Estate, along with the Center for American Entrepreneurship, examined…

Huntington National Bank is the nation’s top small-business lender.

The Columbus-based bank closed out its 2018 fiscal year with a 13.8 percent increase in Small Business Administration 7(a) loan originations. In all, the bank made 4,629 loans totaling $826.3 million.

That puts Huntington in first place nationwide for the number of loans and third for total loan volume.

This is the 10th consecutive year the bank has been the nation’s busiest originator of SBA 7(a) loans.

SBA loans come…

Information was obtained from the FDIC. South Florida includes the following metro areas: Miami, Fort Lauderdale, and Palm Beach.