Mortgage Blog
How a health-savings account can help fund your retirement
Want to provide a health benefit to workers and encourage employees to save at the same time? Offer a high-deductible health plan combined with a health-savings account; it accomplishes both goals and likely encourages retention, too.
This sounds like I’m mixing apples and oranges, but hear me out.
Founders at startups often agonize over retirement plans for employees. Not everyone can get stock options. But we know that 401(k) accounts and medical benefits can make the difference between keeping…
This D.C. startup thinks it can prevent employee burnout by racking up credit card rewards
D.C.-based Max Points LLC is like a financial planner for points and miles. Now it's eyeing companies' HR departments as corporate partners — to become an employee benefit.
Memphis vs. Nashville: See which areas are banking the most money
Memphis and Nashville banks account for a huge chunk of the $147 billion in bank deposits in Tennessee.
But, Nashville held a sizable lead in bank deposits as of June 2017, with $57 billion — almost 40 percent of Tennessee’s total — at its local banking institutions. Comparatively, Memphis banks hold $29 billion in deposits, or 20 percent of the state’s total.
To find and compare which areas have the most bank branches and deposits, Memphis Business Journal gathered FDIC data on each ZIP…
JPMorgan Chase invests $3M in education, workforce training in Dallas County
Financial services giant JPMorgan Chase today made a $3 million donation to improve workforce development in Dallas County.
The corporate partnership with Dallas County Promise and the Commit Partnership is the first of its kind in North Texas. It aims to provide students with skills for careers in the growing health care and IT sectors through tuition-free community college education.
Anne Motsenbocker, managing director of Middle Market Banking South for JPMorgan Chase (NYSE: JPM), said she has…
Feds charge Georgia controller with stealing $500,000 from company
She allegedly spent the stolen money on building and masonry services, furniture and other home furnishings, vacation travel, resort accommodations, cruises, and a variety of other personal items.
Atlanta’s State Bank to merge with Houston’s Cadence in $1.4B deal
Consolidation in Atlanta's banking industry continues with another big merger announced Sunday.
Atlanta-based State Bank Financial Corp. (Nasdaq: STBZ) and Houston's Cadence Bancorporation (NYSE: CADE) said May 13 they are merging in a $1.4 billion deal, creating a combined organization with $16 billion in assets, $12 billion in loans, $13 billion in deposits and approximately 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi.
The merger is the latest big deal involving…
Report: Chicago man reroutes UPS mail from HQ to his apartment, scams $58K
UPS was allegedly on the receiving end of a scam by an ex-employee.
The Chicago Tribune reports that Dushaun Henderson-Spruce has been charged with rerouting about 3,000 pieces of mail meant for the company’s Atlanta headquarters to his small apartment on the Northside of Chicago.
Henderson-Spruce, a former UPS package handler in Hodgkins, Ill., allegedly submitted a U.S. Postal Service change of address form last October, requesting to change a corporation's Atlanta mailing address to his apartment.…
Bank of America investment strategist on how women and millennials can reshape the industry
A report from the Investment and Wealth Institute shows that women and millennials tend to consider the social impact of investing more often than other groups do. Investment strategist Jackie VanderBrug shares her thoughts on these trends.
Bank Notes: Wells Fargo says cap on assets will remain longer than expected
Wells Fargo & Co. executives told analysts at the embattled bank’s investor day presentation that the Federal Reserve-imposed cap on assets will remain in place longer than expected. But investors don’t seem spooked.
When the enforcement action was implemented due to what the Fed called “widespread consumer abuses,” Wells Fargo said reviews of its plans to meet the regulator’s requests would be completed in October. But CEO Tim Sloan told analysts Thursday that the bank needed more time…
Cleveland Fed report says Pittsburgh employment trending upward
For the first time in five years, employment in the Pittsburgh region began trending upward in 2017, according to a recently released report by the Federal Reserve Bank of Cleveland.
During the first nine months of 2017, employment in the metro area grew by 1.6 percent on an annualized basis, better than the 1.4 percent growth in Pennsylvania or 1.2 percent growth in the U.S. And seven of the region’s 10 major employment sectors showed upward momentum.
The data was examined by Mekael Teshome,…