Mortgage Blog
CFO of the Year awards: Here’s the first batch of winners
Presenting the first six honorees for the 2018 CFO of the Year awards.
Wells Fargo continues technology investment with new product pilots
Technology remains an important part of doing business at Wells Fargo. Last year, the San Francisco-based bank invested $8.2 billion in technology initiatives — a 15% year-over-year increase.
Small US banks prepare for mortgage market push
Congress votes next week on bill to reduce regulations on community lenders.
CFO of the Year awards: Here’s the second group of winners
Introducing the second batch of CFO of the Year winners.
Denver marijuana firm part of 4-way merger of pot companies
Denver cannabis software company Baker Technologies is part of a four-way merger of U.S. pot companies.
Baker said it's merging with Briteside Holdings of Bend, Oregon; Sea Hunter of Boston; and Sante Veritas Holdings Inc. of Canada.
The merged company will be called Tilt Holdings Inc., with Baker CEO Joel Milton assuming the role as president overseeing the technology business.
Tilt said it anticipates 2018 revenue of $70 million and in excess of $200 million next year.
The company said it will…
George Soros-backed fund buys $35M in Tesla bonds, ups stakes in Alphabet and Netflix
An investment fund run by billionaire George Soros bought up $35 million worth of Tesla convertible notes in the first quarter, and bought tens of thousands of shares of Alphabet, Inc. and Netflix, a new filing shows.
The quarterly filings from Soros Fund Management are nearly as closely watched as the filings from Berkshire Hathaway, run by fellow billionaire octogenarian Warren Buffett.
In its latest quarter, Soros’ fund said it had bought Tesla convertible notes, a hybrid equity that can be…
M&T Bank plans two branch closures
M&T Bank is making plans to close two retail branches in Western New York – one at Union Square plaza in West Seneca, another in rural Elba in Genesee County.
The Buffalo-based bank (NYSE: MTB) has applied to the New York State Department of Financial Services to close the branch at 2180 Union Road in West Seneca and the branch at 7133 Oak Orchard Road in Elba. Both are stand-alone facilities.
If approved, the shutdowns will take place Aug. 7, M&T spokesperson Julia Berchou said. A full-service…
Big banks say their legal costs are tumbling, and that bodes well for companies in Dayton
The nation’s largest banks — and public companies, for that matter — are preparing for a timeout from the courtroom following years of being pummeled by shareholder and investor lawsuits in the wake of the Great Recession.
At the end of 2017, the country's largest banks collectively decreased their estimates for future legal costs to their lowest levels since 2012, and legal experts predict the move is a harbinger of what's to come for Corporate America in an era of strong job growth and loosening…
Here’s what you need to know about Tampa Bay’s next big public company
The Mosaic Co. will become the fourth largest publicly traded company ranked by revenue and based in the Tampa Bay area after it relocates its headquarters here.
Mosaic (NYSE: MOS), with $7.4 billion in total revenue in 2017, is slightly larger than Raymond James Financial Inc. (NYSE: RJF) with $6.5 billion in 2017 revenue.
Mosaic’s revenue is expected to increase this year, after the company bought Vale S.A. in Brazil, in a deal that closed Jan. 8.
Mosaic will be the third-largest public firm…
Footwear maker Rockport files for bankruptcy
Footwear maker The Rockport Group LLC said Monday that it has filed for voluntary Chapter 11 bankruptcy protection and has entered into a deal in which all of its assets have been purchased by a unit of middle-market private equity investor Charlesbank Capital Partners.
The sale is conditional upon a bankruptcy court proceeding in which other bidders may come in higher than Charlesbank, which has filed to serve as the “stalking horse bidder” in a court-supervised sale process. The deal is subject…