Mortgage Blog

Nirav Modi, a luxury jewelry store in Ala Moana Center is closed, following the company's Chapter 11 bankruptcy filling in New York and reports that its billionaire owner has been charged with bank fraud in India.

The jewelry company is owned by Indian jeweler Nirav Modi and has locations in London, New York, Hong-Kong, Beijing, Macau, Mumbai and New Delhi.

In January, India’s state-owned Punjab National Bank accused Modi of orchestrating fraudulent transactions worth almost $2 billion, and…

While the proposed roll back of Dodd-Frank would ease regulations for thousands of banks with less than $250 billion in total assets, the impact could be minimal for Hawaii’s financial institutions, which fall below Dodd-Frank’s oversight threshold.

On Tuesday, Congress voted in favor of easing regulatory restrictions for banks, rules put in place in 2010 by the Obama administration in the wake of the 2008 financial crisis.

“For banks the size of Central Pacific, the changes are rather…

SoFi is among a growing number of fintech lenders realizing that they can leverage the strength of their customer relationships by offering more services — a lot more.

See what Birmingham’s finance experts are saying about tax reform, local employment growth and their predictions for the local financial planning industry.

The financial-services giant is looking to grow its presence here in the Queen City, and it’s doing so through the middle market.

They will no longer be subject to annual stress tests and certain other regulatory obligations.

Already awaiting trial on charges that he bilked millions from investors, the CEO of the now defunct VisionQuest is trying to save his home – arguing in federal court that foreclosure proceedings could also harm alleged victims if he’s convicted.

Boston-based Search Fund Accelerator will pay $550,000 to end a probe by Massachusetts Attorney General Maura Healey into its heavy use of unpaid interns, whom Healey claims were, in reality, full-fledged employees.

SFA oversees what are known as search funds, in which investors financially back an entrepreneur in his or her attempt to acquire and turn around a business. The firm has relied to a great extent on unpaid interns, Healey said in a statement. In a two-year period, SFA had more than 180…

Fifth Third Bancorp has officially named its newest chief legal officer.

Susan Zaunbrecher, a former partner at Cincinnati law firm Dinsmore & Shohl who Fifth Third brought in last month, was officially named to chief legal officer on Thursday. She replaces Jelena McWilliams, who was confirmed Thursday to chair the Federal Deposit Insurance Corp.

Fifth Third (Nasdaq: FITB), Cincinnati’s largest locally based bank and the nation’s 13th biggest, hired Zaunbrecher as executive vice president…

Never before have the fundamental assumptions about the U.S. job market looked so precarious. Automation, artificial intelligence and robotics, among other technologies, are changing the skills and the skill level required of employees in many industries, including retail, transportation, and manufacturing.

The accounting profession is experiencing similar changes, and the pace and pressure of that change is exploding into a major disruption. Robotics is expected to eliminate 40 percent of basic…