Mortgage Blog

Florida Community Bank hired Roberto R. Muñoz, previously the president of BBVA Compass’ South and Southwest Florida markets, as senior VP of commercial banking in South Florida.

The Weston-based bank (NYSE: FCB) is the second-largest bank based in South Florida with nearly $12 billion in assets, and has been among the fastest-growing local banks, in terms of lending. FCB will base Muñoz in its Doral office at 9128 N.W. 25th St. He will oversee a team of middle-market relationship bankers.

“As…

There was a time when venture-backed companies went to public investors when they needed to raise $100 million or more to finance their growth plans.

But deep-pocketed late stage investors, $1 billion-plus venture funds and SoftBank's $100 billion Vision Fund have changed all that in recent years.

This week's cover story in the Silicon Valley Business Journal examines the rise of the “private IPO,” or PIPO, in which startups are raising $100 million or more, sometimes as early as their Series…

Fort Worth billionaire John Goff has registered a second invitation-only private equity campaign to raise seed capital for new real estate deals, according to a filing. Goff and his firms, Crescent Real Estate and Goff Capital, are aiming to raise $350 million with the offering.

The transaction is expected to close in the third quarter.

Citibank has agreed to a $100 million settlement with 42 states, including Arizona, following charges it manipulated interest rate benchmarks, according to Arizona Attorney General Mark Brnovich.

Arizona nonprofits that were affected will get about $2.75 million in restitution, Brnovich said.

The settlement follows allegations Citibank fraudulently and collusively manipulated LIBOR, a benchmark interest rate that affects financial instruments worth trillions of dollars and has widespread impact…

Citigroup Inc. has agreed to a $100 million settlement with 43 states – including North Carolina.

The specifics on how much of that sum North Carolina will get “is still being worked out,” says Laura Brewer, spokeswoman for Josh Stein, the state’s attorney general, in an email.

The settlement resolves claims over allegations that the bank manipulated interest rates, an action North Carolina Attorney General Josh Stein equates to “sophisticated cheating” in a press release. “Citibank…

The deal will allow the Miami bank to ramp up lending.

The merger is meant to boost private equity, wealth management and financial services.

The number of deals investors have made to exit the mid-sized companies they own fell dramatically to start the year, but a combination of convincing savvier buyers and the promise of testing the public market waters is expected to lead to a pick-up in transactions by the end of 2018.

Some of the largest hedge funds located around AT&T’s Dallas headquarters own positions in the telecom giant, according to their latest regulatory filings, and may stand to benefit the closing of the deal.

Dallas hedge fund Carlson Capital held some call options in AT&T at the end of March, according to its most recent regulatory filing. Fort Worth’s Crestline Management held $2.85 million in shares, up from less than $1 million at the end of last year, its filings show. Frontier Investment,…