Mortgage Blog

LendingTree Inc. Chief Executive Doug Ledba has taken the Charlotte-based company from a private startup in 1996 to the public powerhouse it is today in the world of financial services.

The French Market soon will need a job fair.

Shamrock Trading Corp., an Overland Park-based conglomerate, has big plans for the former shopping center across the street from its headquarters at 95th Street and Metcalf Avenue.

The company plans to develop three towers that eventually will hold more than 1,000 employees. During a Tuesday morning news conference, company founder and CEO Bill Ryan announced plans to transform the 30-acre site into a “natural extension” of its corporate headquarters.…

Nationwide's next venture capital investment is in a firm that provides working capital for small and mid-size businesses.

The financial services giant announced Monday that it would invest an undisclosed amount in Redwood City, Calif.-based BlueVine, which has developed a cloud-based financial technology platform to distribute working capital for small companies.

“They have done a good job of building the company and scaling it,” Eric Ross, who leads Nationwide's venture capital team, told me.…

A Tupelo-based bank has created a new role in the Birmingham market.

Wil Puckett, who previously served as Birmingham market president, has stepped into the newly created role of Alabama commercial banking president for Renasant Bank.

The bank recently moved Daniel Sims into Puckett’s previous role of Birmingham market president. Sims previously served as senior vice president and private banking manager.

Puckett, who joined Renasant in 2009, is a graduate of Hampden-Sydney College in Virginia.…

See the updated database showing equity raises so far in 2018 by Tampa Bay companies.

American Express Co.’s foreign-exchange (forex) unit is under scrutiny for allegedly increasing conversion rates without notifying customers.

The credit-card giant, based in Manhattan's Financial District, allegedly recruited business clients with offers of low currency-conversion rates — only to quietly raise the prices in a bid to boost revenue.

That's according to The Wall Street Journal, which reported that the practice was widespread and occurred for more than a decade, up until early…

Honolulu-based American Savings Bank, a wholly-owned subsidiary of Hawaiian Electric Industries, Inc., reported net income of $20.6 million for the quarter ending June 30, an increase of 23.3 percent compared to $16.7 million in the second quarter of 2017.

Total loans were $4.8 billion for the quarter, an increase of 2.1 percent compared to $4.7 billion last year, and total deposits were $6.1 billion, a 7 percent increase from $5.7 billion during last year’s comparable quarter.

“It was a…

The New York Stock Exchange is investigating whether a broker participated in an alleged kickback scheme.

NYSE Regulation, the exchange’s in-house watchdog, alleges that Kevin Lodewick accepted $2,000 worth of payments from an unnamed broker-dealer (BD), including a fancy private island vacation to the Bahamas.

That's according to a July 2 complaint filed by NYSE Regulation.

Per the complaint:

NYSE is owned by Atlanta-based exchange and clearing house operator Intercontinental Exchange Inc.…

Kroger Co. has quit accepting Visa credit cards at some of its stores in a battle against rising fees charged by the credit card giant. It could expand that policy to even more stores.

A California unit of downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, has said it will quit accepting Visa credit cards beginning Aug. 14. Foods Co., which has 21 stores mainly in San Francisco, Sacramento, Fresno and Bakersfield, made the decision as part of…

First Tennessee Bank might be based in Memphis, but the lender's success in Nashville has become its new model.