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bizjournals Banking & Financial Services:General News
For private equity deals, the outlook for 2010 and beyond is generally positive, although some stumbling blocks remain on the lending side, said panelists during a breakout session at the Association for Corporate Growth?s seventh annual Capital Connection convention at the George R. Brown Convention Center Wednesday.
bizjournals Banking & Financial Services:General News
Panera Bread Co. said Wednesday that it has appointed Thomas Lynch to its board as an independent director, effective March 5. (PNRA)
bizjournals Banking & Financial Services:General News
Oregon?s second-largest credit union announced Wednesday that it plans to merge with a California peer to become one of the 15 largest credit unions in the country.
bizjournals Banking & Financial Services:General News
Greenwich Associates presented several national and regional awards to Frost Bank for delivering quality banking services to small businesses and middle-market firms. (CFR)
bizjournals Banking & Financial Services:General News
Fox Chase Bancorp, the holding company for Fox Chase Bank, said its board of directors has adopted a plan to convert from a two-tier mutual holding company structure to a stock holding company structure.
bizjournals Banking & Financial Services:General News
Executives with at least one of the banks that PNC Financial Services plans to leapfrog in the Milwaukee market said they have no plans to let their newly emboldened competitor flatten them. (PNC)
bizjournals Banking & Financial Services:General News
Citigroup plans to double the number of private bankers over the next several years, from 130 to 260, Citi Private Bank?s North America CEO Peter Charrington told Dow Jones Newswires. (C) (WFC) (BAC)
bizjournals Banking & Financial Services:General News
California Earthquake Authority chief executive Glenn Pomeroy on Wednesday testified to two congressional subcommittees in support of a bill to reduce the cost of earthquake insurance.
bizjournals Banking & Financial Services:General News
Seven banks, or 39 percent of banks based in Northeast Florida, received a ?zero star? rating based on fourth quarter financial reports, according to a bank analyst ratings report.
bizjournals Banking & Financial Services:General News
Generations Federal Credit Union has opened a new financial branch at a retail store operated by Goodwill Industries of San Antonio.
bizjournals Banking & Financial Services:General News
Four more men and two businesses have been indicted as part of a $3.6 million illegal sports betting operation.
bizjournals Banking & Financial Services:General News
Four warehouses in Palm Beach County could be seized in a $5.4 million foreclosure lawsuit from a commercial mortgage-backed securities fund.
bizjournals Banking & Financial Services:General News
Executives with at least one of the banks that PNC Financial Services plans to leapfrog in the Milwaukee market said they have no plans to let their newly emboldened competitor flatten them. (PNC)
bizjournals Banking & Financial Services:General News
Nashville-based venture capital firm Solidus Co. has launched a new microfund aimed at Middle Tennessee start-ups.
bizjournals Banking & Financial Services:General News
Associated Bank?s new CEO Phil Flynn received coverage in the Chicago Tribune?s business section Tuesday for apologizing last week to Chicago-area customers, prospects and employees for Associated?s recent shortcomings. He appeared at a private breakfast where he pledged Associated will grow aggressively in the Chicago area. (ASBC)
bizjournals Banking & Financial Services:General News
Kansas Gov. Mark Parkinson has appointed an Overland Park banker to the board of Kansas Technology Enterprise Corp.
bizjournals Banking & Financial Services:General News
Federal banking regulators have ordered Baltimore-based Ideal Federal Savings Bank to merge or sell its assets to another financial institution by May 1.
bizjournals Banking & Financial Services:General News
Fifth Third Bank will add evening and weekend hours at many of its Greater Cincinnati offices in response to customer demand. (FITB)
bizjournals Banking & Financial Services:General News
First-time homebuyers in California have given a boost to the anemic residential real estate market.
bizjournals Banking & Financial Services:General News
bizjournals Banking & Financial Services:General News
Psychiatric Solutions Inc. has formed a special committee of its board of directors and retained outside advisors to consider potential offers to take the Franklin-based behavioral health company private.
bizjournals Banking & Financial Services:General News
Kirkland broker Rhonda L. Breard, who hawked her investment advice on local radio and TV stations, has been charged by federal prosecutors with mail fraud and accused of stealing from investors.
bizjournals Banking & Financial Services:General News
The North Carolina Department of Transportation has awarded 30 highway and rail contracts totaling $165.9 million, according to a written statement issued Wednesday by Gov. Beverly Perdue?s office.
bizjournals Banking & Financial Services:General News
The economic recovery may finally have started, Federal Reserve executive Mark Snead said at the Denver Metro Chamber of Commerce's annual State of Small Business event Wednesday.
bizjournals Banking & Financial Services:General News
The former chief investment officer of New York state?s pension system pleaded guilty on Wednesday to charges he participated in a pay-to-play kickback scheme.
bizjournals Banking & Financial Services:General News
Bridge Housing Corp.?s latest rental project, the 99-unit Ironhorse in West Oakland, opened its doors Wednesday.
bizjournals Banking & Financial Services:General News
The Marketing Alliance saw a profit of $161,694 in its fiscal third quarter, compared to a loss of $225,320 in the prior year?s quarter.
bizjournals Banking & Financial Services:General News
The Texas Hedge Fund Association has formed an alliance with the Managed Funds Association, which is based in Washington, D.C.
bizjournals Banking & Financial Services:General News
The Public Health Trust of Miami-Dade County, which governs Florida?s largest public hospital, was warned Tuesday that Jackson Health System is losing patients and vendors are threatening to cut off supplies as it faces insolvency unless it takes drastic measures to right its finances.
bizjournals Banking & Financial Services:General News
nFinanSe Inc. said it would reduce its fees to cardholders for ATM withdrawals and for electronic bill pay transactions.
bizjournals Banking & Financial Services:General News
Credit card industry veteran Jerry Craft is heading a new Atlanta-based credit card firm -- Corserv Solutions Inc.
bizjournals Banking & Financial Services:General News
The Star Tribune has named Jeff Griffing its chief revenue officer, with responsibility for all advertising and digital revenue.
bizjournals Banking & Financial Services:General News
Fifth Third Bancorp announced Wednesday that it is relocating its North Carolina headquarters to the 201 North Tryon Street building in uptown Charlotte. The building will be renamed the Fifth Third Center. (FITB)
bizjournals Banking & Financial Services:General News
Huntington Bancshares Inc. has promoted the leader of its trust operations to oversee its mutual fund management division. (HBAN)
bizjournals Banking & Financial Services:General News
San Antonio Federal Credit Union (SACU) has been named a Texas Business Treasure by state lawmakers.
bizjournals Banking & Financial Services:General News
Fifth Third Bancorp made it official this morning, announcing it is relocating its North Carolina headquarters to the 201 North Tryon Street building in uptown Charlotte. The building will be renamed the Fifth Third Center. (FITB) (BAC)
bizjournals Banking & Financial Services:General News
The Jacksonville Economic Development Commission unanimously approved Wednesday a recommendation to the Jacksonville City Council to modify the city-held mortgage loans on the 11 E. and The Carling apartment buildings to help the company through the recession.
bizjournals Banking & Financial Services:General News
The Courier Greater Cincinnati Stock Index tracks the performance of about 35 local stocks. We compare it to the broad stock market using the Dow Jones Wilshire 5000 index.
bizjournals Banking & Financial Services:General News
Touchmark Bancshares Inc. Chairman Thomas E. Persons Sr. and board member Daniel B. Cowart have resigned.
bizjournals Banking & Financial Services:General News
First Chester County Corp. has amended its merger agreement with Tower Bancorp to allow for the sale of First Chester?s recently acquired mortgage division at the merger or before the merger is completed. (TOBC) (FCEC)
bizjournals Banking & Financial Services:General News
The Jacksonville Economic Development Commission Wednesday unanimously approved a request by Lender Processing Services Inc. of nearly $3 million in city and state incentives to add 350 full-time jobs in Jacksonville. The city is being considered along with three other areas in the nation for the jobs. (LPS)
bizjournals Banking & Financial Services:General News
Equinix Inc. and Boston Options Exchange Group LLC said Wednesday that BOX is moving its operations to within the Equinix data center. (EQIX)
bizjournals Banking & Financial Services:General News
Smith Electric Vehicles U.S. Corp. has offered to buy its British partner for 37 million pounds ($55.2 million) in cash and a piece of any future public offering.
bizjournals Banking & Financial Services:General News
Apprion Inc. said Wednesday it closed a third round of funding with $8 million.
bizjournals Banking & Financial Services:General News
Consumers for years have groaned about bank overdraft fees. Now Bank of America Corp. says it?s listening. (BAC)
bizjournals Banking & Financial Services:General News
University of California students and workers protested Tuesday at Blum Capital Partners? investors meeting in Sausalito to voice concern over what they view as conflicts of interest between Dick Blum?s role as a UC regent and his firm?s investment in for-profit education. (CECO)
bizjournals Banking & Financial Services:General News
About 100 people, including public workers and their union, protested the fees cities are paying to Wall Street banks by rallying Tuesday at Oakland City Hall and marching into a nearby Citibank branch. (GS) (C)
bizjournals Banking & Financial Services:General News
Cowlitz Bancorporation, which enacted a one-for-10 reverse stock split earlier this month in an effort to boost its shares about the NASDAQ stock exchange?s $1-per-share minimum price, now has been warned by the exchange that it doesn?t have enough publicly traded shares to remain on the exchange. (CWLZ)
bizjournals Banking & Financial Services:General News
A group of former executives from Colonial Bank?s Texas operations has signed a deal to acquire Professional Bank, N.A., a Dallas-based community bank.
bizjournals Banking & Financial Services:General News
PNC Financial Services plans to spend $50 million on new branches and offices over the next two to three years in the Milwaukee area with the goal of becoming the area?s third-largest bank. (PNC) (PNC)
bizjournals Banking & Financial Services:General News
TIB Financial Corp. sunk deeper into the red in 2009 after writing off all the goodwill associated with its acquisition of The Bank of Venice and the operations of a failed bank. (TIBB)
bizjournals Banking & Financial Services:General News
Shareholders of oil and gas companies Denbury Resources Inc. and Encore Acquisition Co. both approved Denbury's planned acquisition of Encore on Tuesday. (ENP)
bizjournals Banking & Financial Services:General News
Raleigh-based Local Government Federal Credit Union paused for a moment Tuesday to announce it had reached $1 billion in total assets, a ?major business milestone? for the 27-year-old financial institution.
bizjournals Banking & Financial Services:General News
R.J. O?Brien & Associates has hired two brokers to head its new energy brokerage business and Houston office.
bizjournals Banking & Financial Services:General News
A daily roundup of senior-level executive hires and board appointments: Tuesday, March 9
bizjournals Banking & Financial Services:General News
Two former investors in bond funds once managed by Morgan Keegan & Co. Inc. have won arbitration hearings and been awarded more than $3.6 million. (RF)
bizjournals Banking & Financial Services:General News
The Dana-Farber Cancer Institute said positive gains within its investment portfolio and the reclassification of some $39 million in restricted net assets helped propel it into the black in the quarter ended Dec. 31.
bizjournals Banking & Financial Services:General News
Two brothers involved in an fatal shooting Saturday in St. Paul were executives at a former boutique investment firm based in St. Paul.
bizjournals Banking & Financial Services:General News
When Cardinal Health Inc. renegotiated franchise agreements with pharmacies under its Medicine Shoppe and Medicap brand last year, the company said it gave franchisees breathing room to decide what?s best for them. (CAH)
bizjournals Banking & Financial Services:General News
LifeLock Inc. has settled a lawsuit brought against it by the Federal Trade Commission and 35 states for $12 million, ending a lingering legal battle about what the company promised in its advertising versus what it could deliver in regards to preventing identity theft.
bizjournals Banking & Financial Services:General News
Multnomah County Commissioner Jeff Cogen, former State Sen. Margaret Carter and Wesley Soderback, a retired Portland resident announced their candidacies Tuesday to replace Ted Wheeler as county chair.
bizjournals Banking & Financial Services:General News
More chief financial officers in the U.S. anticipate an increase in the hiring of full-time accounting and financial employees in the second quarter, according to a new survey from Robert Half International. (RHI)
bizjournals Banking & Financial Services:General News
Old Florida National Bank moved its corporate offices from Longwood to downtown Orlando.
bizjournals Banking & Financial Services:General News
U.S. financial stress declined further in February, reaching more normal levels, according to a study by the Federal Reserve Bank of Kansas City.
bizjournals Banking & Financial Services:General News
Wall Street edged up Tuesday as the Dow Jones Industrial Average finished at 10,564.38, up 11.86 points or 0.11 percent, Nasdaq was at 2,340, up 8.47 points, or 0.36 percent. (WCC) (AA) (AYE) (ATI) (AEO) (CNX) (DKS) (FII) (HNZ) (KOP) (PNC) (PPG) (X) (WAB) (AA) (AYE) (ATI) (AEO) (CNX) (DKS) (FII) (HNZ) (KOP) (PNC) (PPG) (X) (WAB)
bizjournals Banking & Financial Services:General News
Solar Power Inc. will receive $24.7 million in federal stimulus funding, and hopes to start manufacturing solar panels in Sacramento County by the end of the year.
bizjournals Banking & Financial Services:General News
Federal banking regulators have ordered Horizon Bank to raise more capital or sell itself.
bizjournals Banking & Financial Services:General News
A Massachusetts real estate investment firm bought a 306-unit apartment complex in Hunters Creek for $26.5 million.
bizjournals Banking & Financial Services:General News
The North Carolina Department of Insurance, under newly elected Commissioner Wayne Goodwin, is giving itself a pat on the back with a news release outlining what it says were its accomplishments in 2009.
bizjournals Banking & Financial Services:General News
Two St. Louis residents plan to testify Wednesday in Cole County Circuit Court in Jefferson City in their $95 million lawsuit against the state of Missouri over tax credits awarded to developer Paul McKee Jr.?s $8.1 billion Northside redevelopment.
bizjournals Banking & Financial Services:General News
A Troy, N.Y., attorney is seeking to recover up to $1.2 million of dividend payments made from the now-defunct Tech Valley Printing Inc. to former First Albany Cos. executive Alan Goldberg.
bizjournals Banking & Financial Services:General News
Manufactured home lender, Vanderbilt Mortgage and Finance Inc. has agreed to refund $2.8 million to North Carolina homeowners and pay a civil money penalty of $750,000 in settlement with the North Carolina Office of the Commissioner of Banks, NCCOB.
bizjournals Banking & Financial Services:General News
John Koelmel, the president and CEO of First Niagara Financial Group, took home 47 percent more in 2009 than he had the year before.
bizjournals Banking & Financial Services:General News
Gov. Ted Kulongoski has named Multnomah County Chairman Ted Wheeler interim state treasurer.
bizjournals Banking & Financial Services:General News
Apollo Gold Corp. said Tuesday it is acquiring Canadian gold producer Linear Gold Corp. Following the merger, Apollo said it will rename itself.
bizjournals Banking & Financial Services:General News
BB&T's profit dipped 42 percent in 2009, but its top executive?s total compensation rose by about $1 million. (BBT)
bizjournals Banking & Financial Services:General News
Nashville banking icon Jimmy Bradford Jr., who ran for decades the J.C. Bradford & Co. investment brokerage that his father founded in the 1920s, passed away at his home Monday. He was 76.
bizjournals Banking & Financial Services:General News
Harleysville National Corp. said the closing of its planned acquisition by First Niagara Financial Group will be pushed back from the end of this month to sometime in the second quarter. (FNFG) (HNBC)
bizjournals Banking & Financial Services:General News
Sterling Banks Inc. said its revised second-quarter 2009 loss was $9 million higher than originally calculated. (STBK)
bizjournals Banking & Financial Services:General News
Hoku Materials Inc. received the second portion ? $30 million ? of a $50 million loan to pay for its polysilicon plant under construction in Pocatello, Idaho, the company said Monday.
bizjournals Banking & Financial Services:General News
Banking giant Comerica Inc. said Monday that it planned to sell $800 million in common stock to help pay back funds the company borrowed from the government?s Troubled Asset Relief Program. (CMA)
bizjournals Banking & Financial Services:General News
A brokerage firm analyst has downgraded its rating on Fifth Third Bancorp. (FITB)
bizjournals Banking & Financial Services:General News
The Minnesota Department of Commerce has fined West Des Moines, Iowa-based American Equity Investment Life Insurance Co. $275,000 for allegedly selling unapproved annuity contracts in the state. (AEL)
bizjournals Banking & Financial Services:General News
Calix Networks Inc. said Monday it now hopes to raise from $42.5 million to $53.1 million in an initial public offering.
bizjournals Banking & Financial Services:General News
Californians are aware of major earthquakes and the effect from temblors, but many have not taken necessary steps to make their homes safer and protect their personal finances, according to a just-released report.
bizjournals Banking & Financial Services:General News
Susquehanna Bancshares said it has initiated a public offering of common stock to raise about $300 million in fresh capital and will raise another approximately $50 million by selling other securities. (SUSQ)
bizjournals Banking & Financial Services:General News
BB&T Corp.?s profit dipped 42 percent in 2009, but its top executive?s total compensation rose by about $1 million due to a promotion. (BBT)
bizjournals Banking & Financial Services:General News
A telephone scam targeting Bank of the Cascades customers has earned attention from Oregon?s attorney general. (CACB)
bizjournals Banking & Financial Services:General News
Fifth Third Bank announced Monday the donation of an 800-square-foot space in its Fountain Square office building to the Cincinnati Police. (FITB)
bizjournals Banking & Financial Services:General News
Rebate offers are far and away the most common type of consumer complaint filed with the Colorado attorney general?s office, officials said Monday.
bizjournals Banking & Financial Services:General News
Daniel Schrider, president and CEO of Olney-based Sandy Spring Bancorp Inc., made $637,184 in 2009 ? his first year as head of the company. (SASR)
bizjournals Banking & Financial Services:General News
Northrop Grumman Corp. will not submit a bid for the controversial KC-X U.S. Air Force refueling tanker contract, the company said Monday while still maintaining that its would-be entry was "the best value for the military and taxpayer."
bizjournals Banking & Financial Services:General News
The Jacksonville Economic Development Commission will vote Wednesday on whether or not to recommend to the Jacksonville City Council to modify the city-held mortgage loans on the 11 E. and The Carling apartment buildings to help the owner through the recession.
bizjournals Banking & Financial Services:General News
Sun Bancorp said Monday that former TD Bank executive Steven J. Greenberg has been hired as president of its mortgage company, Sun Home Loans Inc.. (SNBC)
bizjournals Banking & Financial Services:General News
T. Rowe Price Group Inc.?s $5.6 billion New Horizons fund has a new head after its long-time portfolio manager stepped down March 1 in a planned transition. (TROW)
bizjournals Banking & Financial Services:General News
Lender Processing Services Inc. is requesting nearly $3 million in city and state incentives to add 350 full-time jobs in Jacksonville. The city is being considered along with three other areas in the nation for the jobs. (LPS) (FIS)
bizjournals Banking & Financial Services:General News
Early Zynga executive Andrew Trader, who a month ago had his title downgraded, has left the company, TechCrunch is reporting.
bizjournals Banking & Financial Services:General News
Entertainment Properties Trust said Monday that it had completed the acquisition of Toronto Dundas Square, a 13-level entertainment retail center in downtown Toronto, by paying off senior debt of about $120 million Canadian, or $116.7 million U.S. (EPR)
bizjournals Banking & Financial Services:General News
An Orlando company that manages residential mortgage portfolios is looking to bring 175 full-time jobs to Jacksonville in three years.
bizjournals Banking & Financial Services:General News
A daily roundup of senior-level executive hires and board appointments: Monday, March 8.
bizjournals Banking & Financial Services:General News
Bernstein Research has cut its 2010 earnings estimate for Fifth Third Bancorp. (FITB)
bizjournals Banking & Financial Services:General News
More than 90 businesses will be invited to participate in the Missouri Trade Initiative, a program designed to provide Missouri companies a business plan to increase their export sales.
bizjournals Banking & Financial Services:General News
Wall Street barely budged Monday. The Dow Jones Industrial Average slumped 13.68 points, or 0.13 percent, finishing trading at 10,552.52. Nasdaq edged up 5.86 points, or 0.25 percent, to 2,332.21. (HFF) (AA) (AYE) (ATI) (AEO) (BK) (CNX) (DKS) (FII) (HNZ) (KMT) (KOP) (PNC) (PPG) (X) (WAB) (WCC)
bizjournals Banking & Financial Services:General News
Huntington Bancshares said Monday it will hold the ribbon-cutting ceremony for its newest Pittsburgh branch, in Wexford, on March 15. Columbus-based Huntington (Nasdaq:HBAN) is Pittsburgh?s seventh-largest bank according to deposits; this marks its 41st Pittsburgh area branch.
bizjournals Banking & Financial Services:General News
Citizens Financial Group Inc. said Monday it is adding 487 ATMs through a partnership with Philadelphia-based Sunoco Inc. Of those, 207 are in Pennsylvania.
bizjournals Banking & Financial Services:General News
Citizens Financial Group, parent to Citizens Bank of Pennsylvania, said Monday it will be adding ATMs at nearly 500 Sunoco APlus Convenience Stores in 13 states throughout the East Coast.
bizjournals Banking & Financial Services:General News
The Florida Bureau of Unclaimed Property returned more than $22 million last month, marking the largest amount of unclaimed property returned to owners in state history.
bizjournals Banking & Financial Services:General News
BNY Mellon said Monday it is buying BHF Asset Servicing GmbH, Frankfurt, Germany, for $343 million. The deal, subject to regulatory approvals, is expected to close in the third quarter. (BK)
bizjournals Banking & Financial Services:General News
Despite a reduction in the number of tax returns it prepared, lower expenses and higher average fees helped H&R Block post income growth for the quarter that ended Jan. 31. (HRB)
bizjournals Banking & Financial Services:General News
First Franklin Corp.'s 2009 full-year loss grew to $1.5 million, or 92 cents per basic share, from a loss of $1.4 million, or 84 cents, per share in 2008. (FFHS)
bizjournals Banking & Financial Services:General News
Babson Capital Management LLC, a unit of MassMutual, said it has closed a deal to manage five collateralized loan obligations with more than $1.7 billion under management. (JEF)
bizjournals Banking & Financial Services:General News
Medical device developer Neurometrix Inc. has secured a $7.5 million line of credit with Comerica Bank.
bizjournals Banking & Financial Services:General News
Private-equity firm Falfurrias Capital Partners has invested in Commercial Credit Group, a Charlotte-based provider of equipment financing for the construction, fleet transportation and waste industries. (BAC)
bizjournals Banking & Financial Services:General News
Another Tri-State bank has hit Cincinnati entrepreneur Rick Brunsman with a lawsuit seeking judgment for a debt that?s allegedly in default. The March 1 filing came a week after Hamilton County Common Pleas Court Judge Norbert Nadel, in a separate matter, approved a motion to appoint a receiver for Brunsman affiliate Cincinnati Technology Services LLC.
bizjournals Banking & Financial Services:General News
Earlier this year, President Barack Obama outlined his proposal for what the administration calls a ?financial crisis responsibility fee? and what most others have tabbed a ?big bank tax.?
bizjournals Banking & Financial Services:General News
Last year was a year many dealmakers would like to forget, Association for Corporate Growth Chairman Dennis White said.
bizjournals Banking & Financial Services:General News
ST. DAVIDS ? Milestone Partners has a third-floor office in a building that features a swank jeweler and posh spa on the ground level.
bizjournals Banking & Financial Services:General News
A plan is in the works that could potentially lessen the blow to some community banks from continued fallout from Georgia?s biggest bank failure.
bizjournals Banking & Financial Services:General News
Eight of 11 community banks and one thrift based in Shelby County lost a combined $28.1 million in 2009 as they struggled with deteriorating loan portfolios and set aside more cash for future losses.
bizjournals Banking & Financial Services:General News
RALEIGH ? On the traditional school grading scale, it was a year in community banking that probably earned a solid C?.
bizjournals Banking & Financial Services:General News
Georgia banks are getting creative to net the capital they need in a wicked economy.
bizjournals Banking & Financial Services:General News
The recession clearly didn?t end in the fourth quarter for most South Florida banks, as losses widened and falling real estate values punished their balance sheets.
bizjournals Banking & Financial Services:General News
More than two-dozen South Florida banks ended 2009 in troubled condition or with little margin to absorb losses in the coming year. Some of them appear likely to survive, but most experts predict more local failures.
bizjournals Banking & Financial Services:General News
Outstanding loans at New Mexico?s 54 commercial banks declined by nearly $1 billion in 2009, one indication that regulators are causing them to keep more reserve capital on hand.
bizjournals Banking & Financial Services:General News
Oregon?s 35 surviving banks lost $537.1 million in 2009, eight times what they lost the prior year, as real estate losses continued to hammer financial institutions.
bizjournals Banking & Financial Services:General News
Banco Davivienda wants to join two of its Colombian banking competitors by opening an international branch in Miami.
bizjournals Banking & Financial Services:General News
One of the state?s most generous corporate citizens is slashing its Oregon philanthropic budget.
bizjournals Banking & Financial Services:General News
When the Federal Reserve Bank put the Peoples Bank, which has six branches in New Mexico, under a public, written regulatory agreement on Jan. 27, bank President and CEO Wint Winter Jr. did what he thought was best for the bank?s customers.
bizjournals Banking & Financial Services:General News
After six months of raising capital, HarVest Bank of Maryland has sold about $2.5 million in trust preferred securities ? a fraction of the $12 million it had wanted to raise by the end of 2009.
bizjournals Banking & Financial Services:General News
When Motion Computing Inc. quietly raised $5.6 million from venture capitalists at the end of 2009, there wasn?t much fanfare ? no news releases or glowing comments from company officials.
bizjournals Banking & Financial Services:General News
An Austin-based investment firm is raising a $50 million fund to complete energy industry investments.
bizjournals Banking & Financial Services:General News
Randolph-Brooks Federal Credit Union is pursuing an aggressive course to increase market share in Austin and San Antonio by expanding its branch network.
bizjournals Banking & Financial Services:General News
Brookline Bancorp Inc. may be in play for a takeover, but the bank?s abundance of capital could limit the field.
bizjournals Banking & Financial Services:General News
Pennsylvania experienced a net gain of just 47 bank branches last year, by far the lowest increase in over a decade. With preserving capital a chief priority, bankers think 2010 could be the first year where the number of branches could decline statewide.
bizjournals Banking & Financial Services:General News
To help jump-start small-business lending, Gov. Martin O?Malley is asking the White House to funnel $3 billion from the Troubled Asset Relief Program to the states so they can expand their loan-guarantee programs.
bizjournals Banking & Financial Services:General News
A credit crunch that some business owners say has dried up bank loans has yet to hit home among many community banks in the Tampa Bay area.
bizjournals Banking & Financial Services:General News
Bad loans at Massachusetts community banks surged to more than $1 billion at the end of 2009, with a growing number of small lenders finding themselves in risky territory.
bizjournals Banking & Financial Services:General News
Bay Area bankers feel their borrowers? pain.
bizjournals Banking & Financial Services:General News
Two former Deutsche Bank Alex. Brown financial planners have left the big-firm bustle behind to set up their own investment company in The Woodlands.
bizjournals Banking & Financial Services:General News
A total of 45 banking institutions insured by the Federal Deposit Insurance Corp. failed during the fourth quarter. That brought the total for 2009 to 140, the highest annual number since 1992.
bizjournals Banking & Financial Services:General News
Kansas City-area banks? fourth-quarter numbers offered pretty clear results in a murky economy ? 52 saw asset growth, and 53 saw a decline, according to the Federal Deposit Insurance Corp.
bizjournals Banking & Financial Services:General News
U.S. Bancorp is bulking up its wealth-management unit, recently hiring more than 100 industry veterans nationwide, including nine in the Twin Cities.
bizjournals Banking & Financial Services:General News
Five of eight banks launched in the St. Louis area in 2005 and 2006 posted losses in 2009, and one of them, Champion Bank in Creve Coeur, badly needs an infusion of capital.
bizjournals Banking & Financial Services:General News
The holding company of CrossFirst Bank plans to buy Town & Country Bank for an undisclosed amount.
bizjournals Banking & Financial Services:General News
Federal regulators have cited Citizens Union Bank of Shelbyville Inc. for a multitude of problems, including too much concentration in residential real estate and and insufficient capital.
bizjournals Banking & Financial Services:General News
The majority of banks in southeast Wisconsin improved their capital ratios in the latest quarter, so they should have had more money to lend. But the reality is that the capacity to make loans hasn?t translated into more lending, new federal data showed.
bizjournals Banking & Financial Services:General News
Great concept, not enough money.
bizjournals Banking & Financial Services:General News
BNY Mellon Wealth Management is racing to hire workers, joining the growing battle for local money management business.
bizjournals Banking & Financial Services:General News
Six Hawaii banks wrote off almost $389 million in construction and development loans in 2009, according to data from federal regulators.
bizjournals Banking & Financial Services:General News
No commodity can be at the center of a financial mania without a lot of money being pumped into it. And in the technology and telecom bubbles, much of that cash came from venture capitalists.
bizjournals Banking & Financial Services:General News
Tom Herskovits rode a wave of rising real estate prices into Cincinnati. When the wave crashed, he became one of dozens of commercial property owners struggling to keep their heads above water.
Forbes.com: Market News
Aim for slow and steady gains in year two of this bull market.
Forbes.com: Market News
Shares of psychiatric health care provider soar on a rumored offer from Bain Capital.
Forbes.com: Market News
Shares of the racetrack operator slide lower on disappointing earnings and a glum forecast.
Forbes.com: Market News
Company says it will shell out $450 million in cash for maker of cancer therapies.
Forbes.com: Market News
Rounding up more than $50 billion in asset sales set off a chain reaction in the insurer's shares.
Forbes.com: Market News
MEMC's plummeting profits signal more pain for solar manufacturers.
Forbes.com: Market News
Retailer rallies after shaking off recession to book 81% earnings growth in fourth quarter.
Forbes.com: Market News
Susquehanna boosts rating on maker of currency validation systems.
Forbes.com: Market News
J. Crew reports profit, American Eagle shuts down division and Children's Place books another rocky quarter.
Forbes.com: Market News
Shares of psychiatric health care provider soar on rumored offer from Bain Capital.
Hedge Fund Focus at MoneyScience
Subscribe in a reader - Subscribe by Email General News | People and Funds | Launches| Activism | Crime and Law General Fund News SEC looking for hedge fund talent Crain's New York Business Just as hedge funds are celebrating another month of positive inflows and marginal performance gains, the Securities and Exchange Commission is gearing up add more than 30 new investigators to its New York...
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Hedge Fund Focus at MoneyScience
Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an "ideas dinner" it sponsored last month for a group of about 18 hedge fund traders. Monness Crespi sponsors unscripted dinners from time to time, said people familiar with the get-togethers. They provide a chance for...
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Hedge Fund Focus at MoneyScience
Itzhak Ben-David Ohio State University - Finance Department, Fisher College of Business Francesco A. Franzoni Swiss Finance Institute and University of Lugano Rabih Moussawi The University of Pennsylvania Abstract We study hedge funds’ trading patterns in the stock market during liquidity crises. On average at the time of a crisis, hedge funds reduce their equity holdings by 9% to 11% per...
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Hedge Fund Focus at MoneyScience
Ludwig B. Chincarini Pomona College - Department of Economics Abstract: In the last 20 years, the amount of assets managed by quantitative and qualitative hedge funds have grown dramatically. We examine the difference between quantitative and qualitative hedge funds in a variety of ways, including management differences and performance differences. We find that both...
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Hedge Fund Focus at MoneyScience
In an industry that celebrates the accomplishments of alpha males, it is often overlooked how many successful women are working in key roles in hedge funds. But despite estimates that women manage only 3% of the $1.5 trillion invested in hedge funds, a growing number of entrepreneurial, innovative and accomplished women now work in a variety of roles with funds, service providers and investors....
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Hedge Fund Focus at MoneyScience
Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law [Externalrss-FinanceFocus-titles-rssl-8-30] Resources...
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Hedge Fund Focus at MoneyScience
The Behavioural Finance Working Group was established in January 2008 and is led by Professor Gulnur Muradoglu at Cass Business School.
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Hedge Fund Focus at MoneyScience
Eric Jackson's Blog About Longs, Shorts, Hedge Funds, Governance, and Shareholder Activism.
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Hedge Fund Focus at MoneyScience
A blog devoted to publishing Hedge Fund Letters.
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Hedge Fund Focus at MoneyScience
In this extensive collection we bring together more than 100 Linkedin Groups under the categories: General Finance, Risk Management, Credit Risk, Quantitative Finance, Hedge Funds, Technology and Trading.
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Hedge Fund Focus at MoneyScience
Hedgehogs is a social application platform for the hedge fund & investment community and those who serve it.
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Hedge Fund Focus at MoneyScience
This report by Sovan Mitra was originally written as an industry white paper and gives an overview of Hedge Funds, with a focus on risk management issues.
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Hedge Fund Focus at MoneyScience
Constructing a data base that is relatively free of bias, this paper by Burton G. Malkiel and Atanu Saha provides adjusted measures of the returns and risk of hedge funds.
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Hedge Fund Focus at MoneyScience
The EDHEC-Risk web site is based on a simple idea but one which provides a structure for all of EDHEC's financial research activities.
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Hedge Fund Focus at MoneyScience
hedgefundfocus: Hedge Fund Focus 10-03-10 - Hedge Fund Focus has a new look! http://bit.ly/auZUDq
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Hedge Fund Focus at MoneyScience
hedgefundfocus: @FinAlternatives. Google is telling me not to visit your site due to a problem with Malware.
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Hedge Fund Focus at MoneyScience
hedgefundfocus: from April Hedge fund pros will pay higher tax and social security in London than in any other major financial center http://bit.ly/bFOlFl
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Hedge Fund Focus at MoneyScience
hedgefundfocus: SEC looking for hedge fund talent as it boosts investigating team in New York. http://bit.ly/bBHxPn
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Hedge Fund Focus at MoneyScience
hedgefundfocus: London is now home to 55 hedge funds that manage more than a billion dollars, compared to 65 last year. http://bit.ly/aPo7Ou
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Hedge Fund Focus at MoneyScience
hedgefundfocus: JPMorgan Chase & Co. is the world?s biggest hedge-fund firm by assets, according to Pensions & Investments magazine http://bit.ly/9trScn
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Hedge Fund Focus at MoneyScience
New York, US - Risk-AI, LLC offers Risk Management outsourcing and consulting services to Hedge Funds, Funds of Hedge Funds, Family Offices and other Hedge Fund Investors.
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Hedge Fund Focus at MoneyScience
Portland, US - Hedge Fund Administration and Consulting.
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Hedge Fund Focus at MoneyScience
London, GB - Hedge Fund Directories is a hybrid online directory of hedge fund contacts.
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Hedge Fund Focus at MoneyScience
London, GB - A specialist provider of consultancy services to the investment management industry.
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Hedge Fund Focus at MoneyScience
New York, GB - Guidepoint Global is a primary research firm that provides investors and business decision-makers with on-demand access to its worldwide network of industry experts.
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Hedge Fund Focus at MoneyScience
Location: London, UK. Date:2010-10-18 00:00:00. The objective of this course is to develop a solid understanding of the current framework for modelling and pricing credit derivatives. Participants will gain the mathematical and practical background necessary to apply the various models in the market and will learn about recent advances in the field. Who The Course is For - Quantitative analysts -...
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Hedge Fund Focus at MoneyScience
Location: London, UK. Date:2010-06-28 00:00:00. "A very comprehensive course exploring the fundamentals of interest rate derivatives with practical use of worked examples using live market data." - Timothy Mount - Commerzbank A comprehensive seminar on pricing and managing interest rate derivatives. This course is charged and can be booked by the day. Select the days that meet your needs, or...
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Hedge Fund Focus at MoneyScience
Location: Toronto, Canada. Date:2010-06-22 00:00:00. This is the premier event in the international quantitative finance calendar, attracting over 500 participants every two years. Past and planned venues have been Paris (2000), Crete (2002), Chicago (2004), Tokyo (2006), London (2008). CONFIRMED PLENARY SPEAKERS Jean-Philippe Bouchaud, École Polytechnique Rene Carmona, Princeton...
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Hedge Fund Focus at MoneyScience
Location: London, UK. Date:2010-06-21 00:00:00. In a complicated financial world a detailed understanding of the application of quantitative techniques is essential. This course provides an in-depth coverage of practical quantitative methods important in today's financial markets. This course is charged and can be booked by the day. Select the days that meet your needs, or participate in the...
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Hedge Fund Focus at MoneyScience
Location: Claridge's Hotel, London, UK. Date:2010-06-15 00:00:00. Psi-Q is a ground-breaking two-day event bringing together the top brains in finance, academia and regulation to discuss research into the philosophy, sociology and psychology of financial decision making. Psi-Q is a forum for the best and brightest to come together to debate the architectures underlying our financial system, and...
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Location: University of the Aegean, Samos, Greece. Date:2010-06-03 00:00:00. The Department of Statistics & Actuarial – Financial Mathematics of the University of the Aegean is pleased to host the 6th Samos Conference in Actuarial Science and Finance, to be held on Samos,on June 3-6, 2010. This event, jointly organized with the Katholieke Universiteit Leuven, the Université...
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Location: The Institute of Physics, 76 Portland Place, London, UK. Date:2010-06-02 00:00:00. Request a Brochure 2-4 June , 2010 The Institute of Physics 76 Portland Place, London, UK This three-day course will be led by an international expert who played a large role in the coding of the LIBOR market model in the QuantLib C++ open-source project. He will examine the practical problems that arise...
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Hedge Fund Focus at MoneyScience
Location: London, UK. Date:2010-05-03 00:00:00. "An absolutely perfect mixture of theory and practice. By far the best course I've attended" - delegate, Dresdner Kleinwort. "Great practical course, very knowledgeable and enthusiastic lecturer" - ESSDAR capital, DUBAI REQUEST A BROCHURE 10% Early Bird Discount Before March 1st 2010 A practical and intensive 2 day course with an internationally...
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In today's environment, banks are cautious of all risk, and they increasingly are looking at how well vendors are managed and whether they are going to be able to deliver products for the long term. As the economic crisis has brought intense scrutiny on the securities industry, it in turn is changing the way Wall Street firms choose their technology partners. According to industry insiders,...
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If you're a registered broker or work for firm that sells any sort of investment products, you'll want to think twice before blurting out anything that could be construed as investment advice on Facebook, Twitter, or any other social networking site. The Financial Industry Regulatory Authority (FINRA) has updated its guidelines for interpreting the rules that govern how brokers present advice to...
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The arms race in trading technology was set to intensify this week as Thomson Reuters, the news and market data company, on Monday unveiled a service for "high-frequency" traders allowing them to make split-second trading decisions based on news articles "before the information moves the market" . . . So-called "machine readable news" services, such as the new Thomson Reuters product, have grown...
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PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
The first ever German binary options trading platform has been launched by anyoption™, the world’s largest and leading site of its kind. Not only is the binary options trading platform fully functioning in the German language but the entire launch and marketing campaign will be carried out in Germany, ensuring complete localization. (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/anyoption_trading/German_investors/prweb3703724.htm
PRWeb: Business Investment
M&T Bank Chairman and CEO Robert G. Wilmers today posted a message to shareholders online stating the U.S. has lost the “mantle of leadership” and “regaining this mantle of leadership will require much work and true regulatory reform.” (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3712624.htm
PRWeb: Business Investment
PRWeb: Business Investment
Clients trading CFDs now drawing from seven liquidity pools for European equities. IG Markets, the leading Contract for Difference (CFD) provider, has announced that its Smart Order Routing technology will now be extended to incorporate liquidity from BATS Europe, the operator of an innovative and technology-leading European Multilateral Trading Facility (MTF). (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/CFD/Trading/prweb3697944.htm
PRWeb: Business Investment
Market leading non-bank financial services group, Aussie, has launched an exciting promise to customers that if they are not impressed by an Aussie broker’s service they will be paid $100. (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3703024.htm
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
The Stowe Global Coal Index℠ (TICKER: COAL) will add one new component, effective 6:00 PM (ET) Sunday, March 21, 2010. No stocks will be deleted from the index, changing the number of index components to 39. (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/Coal/Stocks/prweb3707734.htm
PRWeb: Business Investment
The S-Network Global Gaming Index℠ (TICKER: WAGR) will add two new components, effective 6:00 PM (ET) Sunday, March 21, 2010. One stock will be deleted from the index, changing the number of index components to 57. (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/Gaming/Stocks/prweb3707824.htm
PRWeb: Business Investment
PRWeb: Business Investment
With the scarcity of liquid, working capital available for most small businesses across the nation, owners have seen the growth of their organizations all but come to a grinding halt, with most not having anywhere to turn, including banks. This one issue causes an even bigger problem, in that with many of the nation’s small businesses undercapitalized, hiring new employees comes to an agonizing standstill. So what’s an owner to do? The answer is simple – call upon RapidAdvance, who currently provides unsecured business cash advances to businesses of all types. (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3710174.htm
PRWeb: Business Investment
As the industry is scrambling to streamline the current trade processing practices and reduce the cost of compliance to meet Fed’s deadlines, Headstrong (http://www.headstrong.com) is hosting this webinar to discuss the challenges faced by firms and best practice around processing of equity derivatives on 11th March, 11 AM EST. (More Details) (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3698824.htm
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
The winner of a one-of-a-kind rifle crafted by a hand-picked team of America's foremost artisans will be drawn at the Cody Firearms Museum of the Buffalo Bill Historical Center. Known as ACGG Firearm Project #25, the gun is patterned after a turn-of-the-century British Rook Rifle. Tickets are $20 each. For details, visit www.ACGG.org. (PRWeb Mar 10, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3700474.htm
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
A recent poll on leading personal finance Web sites GetRichSlowly.org and MoneyRates.com found that the financial education received from many parents is sorely inadequate. Of 1,122 respondents to the question, "Did your parents prepare you well for financial independence?", nearly half (47 percent) said, "What preparation?" Only 18 percent felt that their parents had done a great job in this regard. GetRichSlowly.org readers offer their experiences and tips on how parents can instill lessons on financial responsibility with their children. (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3702584.htm
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
GoBankingRates.com announced the launch of their new interest rate comparison tool, which will deliver a free and innovative way for consumers to locate the best bank rates available. This free comparison tool comes at a key time in the recession when consumers are actively looking to get the highest interest rate available with the least amount of risk. (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/bankingrates/gobankingrates/prweb3699694.htm
PRWeb: Business Investment
PRWeb: Business Investment
Encore Asset Management (http://www.EncoreAsset.com) has opened operations in Naples,Florida and Columbus, Ohio. Encore Asset Management is the most reliable one-stop shop for all types of asset management services from Troubled Asset Workout, Receivership Designation, Debtor in Possession, Trust and Family Asset Management, Commercial Property Management and Asset Disposition. (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/Naples-Florida-Assets/Columbus-Ohio-Management/prweb3691854.htm
PRWeb: Business Investment
eTouch SamePage Has Published a Case Study about the Implementation and Usage of SamePage by a US-based, Publicly Traded Global Brokerage and Financial Markets Technology Company That has been a Customer Since 2007. (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/2010_03/SamePage/prweb3693134.htm
PRWeb: Business Investment
PRWeb: Business Investment
People all over Australia are buying Swiss gold bullion due to the worry of the impact of the financial debt in Greece and its effects on the world global financial markets reports Australian gold bullion dealer Gold De Royale (http://www.goldderoyale.com.au) (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3697584.htm
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
PRWeb: Business Investment
The IMO Group, one of the world’s leading manufacturers of slewing rings and slew drives, as well as experts in the machine and plant manufacturing sector, announced today that it has selected the Charleston region of South Carolina for its first U.S. facility. Its local operations, to be called IMO USA Corp., will ultimately employ 190 workers and generate $47 million in capital investment. The company plans to occupy a currently vacant building in Dorchester County’s McQueen Industrial Park. (PRWeb Mar 9, 2010)
Read the full story at http://www.prweb.com/releases/2010/03/prweb3705034.htm
PRWeb: Business Investment
PRWeb: Business Investment
Eze Castle Integration was named an "IT Support Company of the Year" finalist in the MicroScope Awards for Channel Excellence (ACEs) 2010. Eze Castle was selected as a finalist based on its premier IT service, broad product and solutions offering and focus on outstanding client service. (PRWeb Mar 8, 2010)
Read the full story at http://www.prweb.com/releases/london/itsupport/prweb3697034.htm
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