Mortgage Blog

A 42-year banking veteran of Kansas City retired as executive vice president and director of commercial banking at Citizens Bank & Trust.

While household debt in the U.S. recently passed its pre-Great Recession peak, a report by the Federal Reserve Bank of St. Louis — in which Memphis is included — finds that current debt levels aren’t cause for alarm.

An increase in household debt in the U.S. can be a sign that a debt crisis is coming in the future. In the early to mid-2000s, easy access to home mortgages exacerbated the economic conditions that led to the recession.

The St. Louis Fed examined debt levels in Memphis, Little…

The event featured presentations by government heavyweights as well as a slew of industry insiders from the FDIC, Federal Reserve Bank, private insurance companies and banks.

Huntington Bank plans to acquire Chicago-based securities firm Hutchinson, Shockey & Erley Co., a public finance investment bank and broker dealer, and one of the largest securities forms focused exclusively on municipal securities.

The bank announced Friday that it has signed an agreement to make the purchase. Terms of the deal were not disclosed.

Subject to regulatory approval, the acquisition will be completed in the fourth quarter of the year. The bank will be integrated into Huntington's…

Tom Frost, one of San Antonio's most powerful business and community leaders, died Friday at the age of 90.

Frost was chairman emeritus of San Antonio-based Cullen/Frost Bankers Inc., parent company of Frost Bank, where his leadership spanned more than three decades.

Frost was also instrumental in San Antonio landing the 1968 World’s Fair and in developing the South Texas Medical Center. He was also a key player in helping the Alamo City land its lone major league Sports franchise — the San…

An ambitious, and sweeping, new Hillsboro campus is welcoming waves of First Tech Federal Credit Union workers.

The Mountain View, Calif.-based credit union unveiled its 156,000-square-foot corporate campus that it says will drive projected growth in a state where it's already strong. First Tech employs some 600 workers throughout Oregon. Its new campus could help take it to the 900-employee mark, according to the lender.

The new campus features mass timber as well as several natural and sustainable…

San Francisco startups are trying to hang onto employees by letting them go — out of state, that is. Startups are transferring employees to new offices outside of California, but are often hesitant to talk about it.

A former managing director of the Goldman Sachs Group Inc. is suing the bank for $50 million, alleging he was fired after blowing the whistle following witnessing unlawful anti-laundering activities.

Christoper Rollins, who was based in London, says he witnessed several Goldman Sachs (NYSE: GS) bankers woo the business of an unnamed “notorious” European businessman, and skirting the bank's anti-laundering money controls in the process.

The name of the European businessman wasn't revealed in Rollins'…

BofA’s digital-first strategy in new markets is a departure from the bank’s strategy of opening branches in a new market then supporting the physical locations with mobile banking services.

If you own or run a mid-sized business and don’t receive at least one call a week from someone professing to want to buy your business, you should wonder why.