Mortgage Blog
D.C. put $2M into a program to make small business loans. It made zero.
The agency overseeing the program said it would redouble its efforts to disburse the money.
Moody’s likes the upward financial trend at this Lakeland pharmacy benefits manager
The credit agency still has concerns about the company’s high debt levels.
Bham metro cities ranked among most affordable in state
Several cities in the Birmingham metro area have been ranked as the most affordable places to live in Alabama.
Helena, Clay, Calera, and Midfield were among the top 10 cities in the state, according to a recent study by New York financial technology company SmartAsset.
Communities were ranked on an affordability index, weighing property taxes, homeowners’ insurance fees and mortgage payments relative to income.
Helena came in at No. 4 with an annual property tax of $885, annual homeowner’s…
San Antonio angel investment group raises seed round
A local early stage investor group pooled together its first fund, according to records on file with the U.S. Securities and Exchange Commission.
San Antonio-based Alamo Angels, a group that invests in startups across industries, has raised $800,000 of a $1.3 million round across 21 investors so far. The minimum investment was $25,000 for the Alamo Angels 2018 Investment Syndicate LP, records show.
Chris Burney, director of Alamo Angels, declined to comment on the raise, citing SEC rules. Alamo…
Head tax won’t slow Bank of America’s growth in Seattle, CEO says
The bank will continue hiring “as long as the market’s growing and there's opportunity,” Moynihan said.
Chuck Schwab on tax reform’s Bay Area impact: ‘A lot of companies will be moving their people out of here’
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.
First Citizens, KS Bancorp settle dispute
After months of back-and-forth court filings, First Citizens Bancshares, a $34.4 billion institution in Raleigh, and KS Bancorp, a $375.6 million asset bank 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 and its affiliates. In return, Raleigh-based First Citizens agreed to drop its lawsuit. “The other terms of the settlement will remain confidential,”…
Banking Roundup: JPMorgan keeps board… Apple credit card in the works… BofA on technology
The nation’s largest banks — such as JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), GoldmanSachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) — have operations around the country. Here are other recent stories reported by The Business Journals.
JPMorgan Chase & Co. would like management to stay put. The bank's shareholders on Tuesday voted to re-elect the entire board of directors. Each director on the…
Analyst: It’s time for T. Rowe Price to make a multibillion-dollar acquisition
Credit Suisse analyst Craig Siegenthaler wrote in a research note that T. Rowe Price should consider a “large acquisition” in the range of $2 billion to $5 billion.
Want to buy a venture firm? Rand Capital would consider offers
Rand has long struggled to reconcile its book value with its actual share price, which has led to a thorough consideration of the company's future.