Mortgage Blog

A Fifth Third Bancorp executive has been named one of banking’s most powerful women, and it’s her third time on the list.

Teresa Tanner, chief administrative officer at Cincinnati-based Fifth Third (Nasdaq: FITB), is the only locally based banker on the American Banker’s list that annually recognizes the professional achievements and influence of top women banking executives.

Trade publication American Banker ranked Tanner 21st on this year’s list, up from her 23rd ranking last year. She…

Two Charlotte executives are on Fortune magazine’s list of the nation’s 50 most powerful businesswomen.

Lynn Good, 59, CEO of Duke Energy Corp. (NYSE:DUK), ranks 11th on 21st annual “50 Most Powerful Women in Business” list. She has been on the list every year since 2013, the year she became Duke’s chief executive, when she ranked 16th. This year’s ranking equals the high she hit last year.

Fortune says Good has Duke “slowly pivoting away from fossil fuels.” The company is poised to…

One of Pittsburgh’s biggest private equity firms has sold a portfolio company it acquired in 2014.

Funds advised by Apax Partners bought Authority Brands, a Columbia, Maryland-based franchisor of home services, from PNC Riverarch Capital. Financial terms were not disclosed.

Pittsburgh-based PNC Riverarch is a private equity arm of PNC Financial Services Group Inc. (NYSE:PNC).

Authority Brands is the parent company of The Cleaning Authority, which provides residential cleaning service, and Homewatch…

The bank plans to hire more than 200 employees in Florida.

American Airlines will add three more flights between the City of Brotherly Love and the Sunshine State.

The Texas-based carrier in 2019 will begin seasonal flights between the Philadelphia International Airport and three Florida destinations: Sarasota, Key West and Melbourne, PHL officials announced Tuesday.

When services starts, American will be the only carrier offering nonstop flights from PHL to Key West and Melbourne, officials said.

Flights to Sarasota-Bradenton International Airport will…

JPMorgan Chase will up to 35 new branches in the Tampa Bay area and throughout Florida over the next three years.

The bank (NYSE: JPM) said Tuesday that the expansion is expected to create up to 200 jobs in the state.

This week marks 10 years since Chase entered Florida by buying the failed Washington Mutual from federal regulators; it has doubled its footprint since.

In 2013, Chase began an aggressive retail push in Florida, building branches throughout the state. In the Tampa Bay region, there's…

Now it has to build out its user base.

Yu Ben Meng will return to the California Public Employees’ Retirement System to be its new chief investment officer.

Meng, a United States citizen born in China, will oversee the CalPERS investment office with nearly 400 employees. He will develop investment policies, risk management and corporate governance standards for the $360 billion investment portfolio, CalPERS said.

For the past three years, Meng has been deputy chief investment officer at the State Administration of Foreign Exchange…

MAXEX LLC, an Atlanta-based residential mortgage loan exchange provider, said Monday it has closed a $38 million new funding round led by Moore Asset Backed Fund, LP, an investment fund managed by Erik Siegel of Moore Capital Management LP.

MAXEX operates a multi-seller to multi-buyer residential mortgage exchange that could be used by thousands of institutions nationwide that buy and sell residential mortgage loans in the secondary market. MAXEX says its technology will revolutionize…

Alumni Ventures Group wants to “democratize” venture capital investing. So why start with funds aimed at Ivy League graduates? Let the CEO explain.