Mortgage Blog
While in Dallas, Goldman Sachs CEO said he’s worried about Trump’s move on Iran deal
President Donald Trump’s announcement Tuesday to withdraw out of the Iran nuclear deal has worried at least one Wall Street giant, Goldman Sachs CEO Lloyd Blankfein. But the banking chief is also acknowledging the difficulty behind the decision and isn’t fretting over any immediate turmoil for financial markets.
“I do worry about it, but I can’t tell you that it was wrong,” Blankfein said in a meeting with local reporters in the bank’s new Dallas office Tuesday afternoon.
Trading on…
Columbia Bank hires CFO with a background in M&A from Morgan Stanley Bank
Columbia Banking System also announced the promotion of Brock Lakely to chief accounting officer effective June 1.
There’s only one Warren Buffett
Unofficially, a handful of nicknames describe the three-day extravaganza that is Berkshire Hathaway's annual shareholder meeting, in which tens of thousands of people descend upon Omaha to revel in all things Warren Buffett. But the most revealing name is the shortest one — the meeting — as if there were only one.
Why First Republic Bank is chasing the wealthy in Wyoming
First Republic Bank is trekking to Jackson, Wy., where the San Francisco-based bank will open a branch later this year.
First Republic (NYSE: FRC) often focuses on urban professionals in the nation’s coastal cities — think Boston, New York and Los Angeles.
Snow-capped mountains and Old Faithful might come to mind when one mentions Wyoming. But Jackson is a wealthy enclave that draws the nation’s rich who enjoy skiing, not to mention the favorable tax climate. Wyoming doesn’t have a personal…
Edward Jones names new managing partner
Jim Weddle, who has been leading the brokerage and financial services firm since 2006, will retire at the end of the year.
Newly public East Bay community bank hungry for acquisitions
United Business Bank President and CEO George Guarini is an industry contrarian when he says buying other banks is less risky than relying on internal growth. He explains why that is.
Bank with 3 Silicon Valley branches hungry for acquisitions after IPO
United Business Bank President and CEO George Guarini is an industry contrarian when he says buying other banks is less risky than relying on internal growth. He explains why that is.
LPL Financial to pay Wisconsin nearly $500,000 as part of $26M settlement of securities probe
LPL Financial has agreed to pay a total of $26 million split among Wisconsin and other states and U.S. territories to end allegations that it failed to prevent the sale of unregistered securities to its clients.
Under the settlement agreement, the Boston-based financial broker-dealer (Nasdaq: LPLA) will pay $499,000 to each state and U.S. territory. California has opted not to participate in the settlement, LPL said in a statement Wednesday.
In Wisconsin, the money will be paid to the Wisconsin…
Wells Fargo names former JPMorgan exec as new chief risk officer
Wells Fargo & Co. (NYSE: WFC) announced Monday it has named Amanda Norton as its new chief risk officer. She most recently held a similar role within consumer and community banking at JPMorgan Chase & Co. (NYSE: JPM)
Norton also brings experience from her former role as a market and credit risk executive at Ally Financial Inc. (NYSE: ALLY), along with a 14-year tenure at Bank of America Corp. (NYSE: BAC) prior to that. She succeeds Mike Loughlin, who announced his retirement earlier this year.
“Mandy’s…
Bank of Hawaii to offer financial assistance programs to lava victims
Bank of Hawaii initiated several financial assistance programs to help residents impacted by the recent earthquakes and volcanic eruptions on the Big Island.
So far, 1,700 residents have been evacuated from neighborhoods in the Puna district, and 35 structures, including more than two dozen homes, have been damaged or destroyed by the eruption of Kilauea Volcano.
The state’s second-largest bank said the financial assistance programs provide access to cash via special loan programs or getting…