Mortgage Blog
Reports of altered documents again call Wells Fargo risk management into question
Wells Fargo & Co. (NYSE: WFC) employees added or altered information in documents for corporate customers within wholesale banking without their knowledge, according to a Thursday report from The Wall Street Journal.
The WSJ report says the incidents happened in 2017 and earlier this year, as employees were working to meet a June 30 deadline in compliance with a November 2015 consent order handed down by the Office of the Comptroller of the Currency regarding anti-money-laundering controls. This…
New Equifax CEO reassures bankers about its cybersecurity
The new CEO of Equifax told bankers Wednesday in London that the credit reporting firm will be more transparent about its efforts to improve cybersecurity, American Banker reports.
Equifax first detected suspicious activity in July of last year, but more than five weeks passed before it publicly announced the breach in early September.
“We’re going to tell customers exactly where we are in the work that we’re doing,” CEO Mark Begor said at a conference in London, American Banker reports.…
JPMorgan Chase’s new digs and what it looks forward to in SA for 2018
The financial institution moved its corporate headquarters in San Antonio.
Northwest Bank may expand regional headquarters
Less than 12 months after opening a regional headquarters in Amherst, Northwest Bank is thinking about adding more space.
First Citizens settles dispute with smaller N.C. bank
After months of back-and-forth court filings, First Citizens Bancshares, a $34.4 billion institution based in Raleigh, and KS Bancorp, a $375.6 million asset company in Johnston County, have agreed to a settlement.
According to a statement from Smithfield-based KS, as part of the settlement, it has repurchased all KS shares owned by First Citizens (NASDAQ:FCNCA) and its affiliates. In return, First Citizens agreed to drop its lawsuit. “The other terms of the settlement will remain confidential,”…
Denver among top cities for blockchain jobs
Denver ranked 10th in the country for blockchain and cryptocurrency jobs, according to a report by Crypto Fund Research released this week.
Crypto Fund Research evaluated the markets for blockchain jobs in more than 300 cities across the U.S.
Simply put, blockchain allows computer networks to exchange information without relying on a central authority. It supports cryptocurrencies such as bitcoin.
Crypto Fund Research evaluated cities based on the number of top blockchain startups, the number…
What’s the most common financial regret?
When it comes to retirement savings, many Americans wish they'd gotten started sooner.
A new report from Bankrate.com's finds that nearly two in five Americans say their biggest financial regret is not saving enough. Of those who express savings remorse, 18 percent wish they'd started saving for retirement earlier.
It's the third consecutive year remorse abut retirement savings led the list. Half of U.S. households are at risk for not having enough to maintain their living standards in retirement,…
Opportunity for Tennessee: Chuck Schwab expects more companies to flee high-tax states
Many are watching to see whether the new tax law will spur individuals or companies to leave California and other high-tax states. Brokerage pioneer Chuck Schwab says it's already happening.
Nominate your financial guru for our 2018 Power Leaders in Finance
Do you know someone with a green thumb for money?
We are looking for Nashville’s most influential financial professionals in a variety of industries, and we need your help.
Nominations for our Power Leaders in Finance are open until June 3. We're looking for the go-to experts and leaders in accounting, banking and financial planning.
Once nominations end, nominees will vote on one another to determine who makes the final list. Winners will be announced this summer and highlighted in a special…
Fee-based business grows at Financial Institutions
Last week, the parent company of Five Star Bank announced the pending acquisition of HNP Capital LLC, a wealth management firm founded in 2009.