Mortgage Blog

The U.S. Securities and Exchange Commission has asked Elon Musk to produce proof that he’s secured funding, as he promised on Twitter, for his plan to take Tesla private, the Wall Street Journal reports, citing unnamed sources.

Analysts estimate Tesla would need to raise $70 billion to $80 billion to take the Palo Alto-based carmaker private, in what would be the largest corporate buyout in U.S. history.

Typically, companies announcing a large and complicated deal spend weeks quietly crafting…

Even though the economy is surging, employment at Birmingham-based banks is slipping. Here's what's driving the trend.

State-chartered banks and credit unions are encouraged by the Department of Financial Services to establish banking relationships with medical marijuana-related businesses.

David Paul got right to work when he joined Bank on Buffalo to build out the wealth and asset management division. Ten months later, Bank on Buffalo Investment Advisors has 85 new relationships and it’s about to reach a milestone — $100 million in closed business — in the three areas of credit, deposits and investments.

Pamela Hokanson's parents and grandparents both grew up in the confines of the Buffalo Promise Neighborhood, an East Side community that M&T Bank is working to revitalize.

SunTrust Bank made its first entry onto the Cincinnati banking scene last year. Now, it’s expanding by launching a local wealth management office, and it has hired a Cincinnati investment industry veteran to run it.

Scorecard checks back on our headlines from a year ago.

A group of 14 investors buy the bank.

The latest news this month that Amazon is expected to swallow up roughly 50 percent of the U.S. e-commerce market by year’s end likely sent a chill down the spine of every entrepreneur and business owner around the country. Not only do smaller digital native retailers have to compete with countless other digitally savvy, forward-thinking retailers, but they have to contend with goliaths like Amazon, Walmart and eBay who are scooping up customers left and right.

Competition in the retail sector…

A number of Texas universities landed among the best schools to graduate from with the least amount of debt, according to a study released by LendEDU.

Some of the state’s biggest public universities made it on the list, totaling 18 of the top 250 in the country. Two Texas schools were in the top five, starting with the University of the Incarnate World in San Antonio.

Students who graduated from the private Catholic school last year had an average of $6,271 in debt, which was down more than…