Mortgage Blog
Why SOS International leaned in early and often in its quest to acquire troubled STG Group
“The people, the contracts, the relationships to the customers, the pipeline they’d been able to build — it was still a very strong business,” SOSi CEO Julian Setian says.
New York-based company expanding Winston-Salem footprint with 50 new jobs, $24.6M project
Based in New York and owned by a consortium of banks, The Clearing House Payments Co. LLC announced Thursday that it will expand its Winston-Salem operations with 50 new jobs and an investment of $24.6 million.
The decision makes official a deal that has been in the works since at least February, including the approval of local incentives. The company owns and runs a core payments system infrastructure and is the only private-sector automated clearing house and wire operator in the U.S. The expansion…
TCAP, Barings mum on firm’s future in Raleigh
Barings, the Charlotte investment firm that will soon take over Triangle Capital Corporation's investment activities, isn’t commenting on whether the firm will have a continued presence in Raleigh following the deal.
St. Louis private equity firm acquires insurance solutions provider
St. Louis private equity firm WILsquare Capital has acquired St. John, Michigan-Based Quest Solutions, a solutions provider that partners with insurance and fleet companies and offers a variety of services.
Terms of the deal were not disclosed. Quest provides emergency roadside services, glass management and claims reporting through a nationwide network of more than 40,000 tow providers and glass repair companies. In addition, Quest's software platform efficiently processes claims with up-to-the-minute…
BlackRock growth dented by market volatility
BlackRock announced a sharp fall in investor inflows in the first quarter of 2018 after an increase in stock market volatility led to a slowdown in new business growth for the world’s largest asset manager.
4 years after undercover IRS sting, Durham tax preparer sentenced to 10 years in prison
Almost exactly a year after she was indicted on federal charges, the former owner of a Durham tax preparation business has been sentenced to more than 10 years in prison.
Keesha Frye, former owner and operator of KEF Professional Tax Services, was found guilty of falsifying tax returns. According to the feds, the scheme – uncovered with the help of an “undercover operative” – caused a tax loss of more than $1.7 million.
In addition to prison time, Frye was ordered to serve three years'…
Expert: Jacksonville is poised for a banking boom
Now is the prime time to move back office banking operations, data shows, and Jacksonville is high on the list of new locations.
Behind the deal: Two Orlando biz owners share thoughts on being acquired and landing equity
Want to sell your firm? Take these two business owners' advice.
Dow Jones reports explosion of venture capital funding for Austin companies
Austin companies received roughly $475 million from venture capitalists during this year’s first quarter, according to the Dow Jones VentureSource report released Wednesday night.
That represents a 199 percent spike over last year’s first quarter, which saw about $159.4 million in VC investment.
However, entrepreneurs shouldn't get too excited about a wide windfall because the $250 million investment in WP Engine Inc., which helps organizations build and manage websites that use WordPress,…
BofA’s Cathy Bessant talks bank’s collaboration with Harvard on ethical AI use
As Bank of America Corp. (NYSE: BAC) Chief Operations and Technology Officer Cathy Bessant spends a lot of her time assessing the latest trends in technology and how they affect the way the bank does business, and after looking at the speedy progression of artificial intelligence, Bessant saw the opportunity for discussing the ethics and policies surrounding AI.
On Wednesday, BofA announced its collaboration with Harvard Kennedy School’s Belfer Center for Science and International Affairs to create…