Mortgage Blog
JPMorgan launches new trading app for young investors
JPMorgan Chase continues to bolster its mobile capabilities.
First it launched an app that's focused on millennial customers who tend to do their transactions on their mobile devices.
This week, the New York-based banking giant (NYSE: JPM) is releasing another app. This one will be also be geared toward millennials — specifically those interested in trading.
The platform, dubbed “You Invest,” eliminates fees for the first 100 trades. The move intensifies the price war that is currently occurring…
From Wall Street to Chicago’s ‘Crypto Street’
Crypto currencies, and their underlying block chain technology, are hot topics today. One consequence of this trend is that it has become harder to recruit new financial workers to Wall Street.
Where is this talent going?
Much of it is flowing to Silicon Valley, but an increasing amount is now ending up at crypto start-ups in Chicago, which has become a strong hub for crypto currency trading and technology.
The reason that Chicago is becoming a strong hub is that Chicago is the leader in futures/commodities…
Fidelity funds opposed GE executives’ pay, filings show
Some Fidelity Investments funds voted this spring to oppose the compensation received by General Electric Co. CEO John Flannery and other top GE executives, according to regulatory filings published last week.
The funds registered their opposition through the “say on pay” question asked of shareholders at GE (NYSE: GE) and other publicly traded companies each year on their proxy ballots. “Say on pay” votes are nonbinding but help corporate boards gauge investor sentiment on executive pay…
Recent deal propels Allegiance Bank into local deposit dominance
Allegiance will have 98 percent of its deposits in the Bayou City once the deal with Post Oak closes in the fourth quarter.
Here are the San Antonio stocks driving Wall Street’s latest bull run
Here are the San Antonio stocks driving Wall Street's latest bull run
30 Under 30 winner: Jason Bertocchi, Willis Towers Watson
Jason Bertocchi is a winner of a 2018 30 Under 30 award.
JPMorgan asset management division faces layoffs
JPMorgan Chase & Co. is laying off about 100 employees.
According to multiple media outlets, the New York-based bank is making the cuts within its asset-management division. The move comes as JPMorgan (NYSE: JPM) makes staffing adjustments amid market shifts.
The decision to eliminate positions in the company's asset-management division came after a business review, according to one report.
The cuts are also global and range across several businesses within the group, according to Bloomberg News,…
Head of Mass. credit union lobbying group to step down
Paul Gentile is leaving his post as head of the Cooperative Credit Union Association, the Marlborough-based organization that advocates for credit unions in Massachusetts and three other states, to run a New Jersey credit union.
The CCUA board will conduct a nationwide search for Gentile’s successor, according to a statement earlier this week.
Gentile helped form the CCUA shortly after he became CEO of the Massachusetts Credit Union League in 2014. The organization was created by the merger of…
Like St. Louis banks, U.S. banks post higher profits on economy, tax cuts
The reasons for big profits at banks.
Private Equity Roundtable 2018
Over the past 20 years, private equity firms have played an increasingly important role in the sale of American businesses. While Louisville-based private equity investment has grown, it still lags behind competitor cities like Charlotte, Nashville and Indianapolis.
With the proliferation of private equity firms and individuals with money looking to spend, combined with a strong economy, now is a great time to sell a quality business. However, business owners need to have experienced advisors who…