Mortgage Blog
Liberty Mutual CEO’s pay rises to $20 million
The insurance giant's profits took a major fall last year, but much of Long's compensation package for 2017 doesn't account for the past year's performance.
Community bank names 2 well-known Capital Region executives to board of directors
Chemung Canal Financial Corp. (Nasdaq: CHMG) is the parent company of Chemung Canal Trust Company in Elmira, New York, and Capital Bank in Albany.
Univera parent finishes 2017 with $182M surplus
Univera Healthcare's parent company is the upstate region's largest insurer, though the company has just 60,000 members in Western New York.
HomeStreet Bank investor launches a proxy battle to nominate two directors, change bylaws
The proposed bylaws changes would introduce one-year board terms and separate the CEO and chairman roles at the Seattle-based bank.
Merrill Lynch financial adviser fired after a suspected theft
The company said it is cooperating with authorities who are investigating the matter.
Healthiest Employers: This bank’s employees walked nearly 17 million miles
Albuquerque Business First is hosting its sixth Healthiest Employers Awards to honor 18 companies in New Mexico that have succeeded in creating healthy workplaces for their employees.
CCIG buys building in Arapahoe County, ready for growth
CCIG insurance company has bought a building in Arapahoe County that adds nearly 10,000 square feet to its office size and gives the company room to grow.
The company acquired a three-story building at 155 Inverness Drive W. in the Inverness office park, near Interstate 25 and East Dry Creek Road, with an Englewood mailing address. The building was built in 1995 and the insurance company will occupy about 30,000 square feet of office space, about 8,000 square feet more than its current 22,000 leased…
Why Mechanics Bank CEO likes his new bank buy
Mechanics Bank will expand beyond California for the first time with its latest bank purchase.
Battered by hurricanes, Liberty Mutual’s 2017 profit plummets from $1B to nearly zero
Liberty Mutual Group barely posted a profit in 2017, after bringing in just over $1 billion the year prior, thanks in part to a series of devastating hurricanes last summer and fall.
The Boston-based insurance giant reported net income of $17 million on the year, $989 million less than it made in 2016. Liberty Mutual, which is not publicly traded but instead owned by its policyholders, is the second-largest Massachusetts-based company based on revenue, behind only General Electric Co.
In a statement,…
Dimon: JPMorgan wants same tax breaks Amazon gets for HQ2
It's no secret that Amazon, under the helm of CEO Jeff Bezos, has received more than $1 billion in tax breaks from state and local governments to help build out its massive U.S. fulfillment and delivery network.
JPMorgan Chase & Co., which a leader in Wall Street banking, is green with envy.
At an investor meeting Tuesday, JPMorgan chief Jamie Dimon touted himself a “fighter” for the company and reportedly announced plans to get the same incentives Bezos gets.
For example, if Amazon received…