B of A to Close Calif. Office, Outsource Some Employees
Bank of America will close a back-office facility in a Sacramento, Calif., suburb and outsource some of the office’s employees. American Banker
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Capital Raising On the Rise: Almanac, Blackstone, Gerkshire, TPG All Bringing In Dollars for CRE Investment
Some of the biggest institutional players are currently out in the market raising money to help fund other investors. Almanac Realty Investors, Berkshire Group, Blackstone Mortgage Trust and TPG Holdings are all raising money to place with private and public real estate companies to fund their deals. In a notable example of this trend, Moinian
Certus Set to Shut Down by Selling, Closing All Branches
The South Carolina bank has been shedding assets in recent months after suffering millions of dollars in losses in recent years. The bank ousted its management team last year due to poor financial performance and conflicts with investors. American Banker
Florida Is Back and Its Banks Are Squaring Off
The Sunshine State is once again outgrowing the rest of the country and some of its community banks are eager to become the state’s next flagship. Florida has changed a lot since the old Barnett Bank held that title, and so has banking. But now its thriving homegrown contenders aim to reshape the fragmented banking
Poll Results: Should Regulators Rein In Marketplace Lenders?
American Banker
Congress Urges CFPB to Delay Enforcement of New Mortgage Disclosures
Hundreds of lawmakers from both sides of the political aisle are pushing for the Consumer Financial Protection Bureau to grant a grace period for banks, credit unions and other lenders to comply with a new mortgage disclosure rule. American Banker
California Leaks, Retracts Bitcoin-Friendly Statement
California officials briefly raised hopes among digital currency proponents Friday by releasing a statement that they would drop plans to regulate digital currency businesses and instead defer to the legislature. American Banker
The Bancorp Again Delays Filing of Annual Report
The Bancorp in Wilmington, Del., has again delayed the filing of its 2014 annual report and is also late in submitting its first-quarter results, it said in a news release Friday. American Banker
JPMorgan’s Robo-Calling Settlement Fuels Fight Over FCC Rules
Banks and consumer groups are both eagerly awaiting an FCC decision about whether to loosen federal restrictions on robo-calling consumers. A $ 10.2 million settlement announced this week involving JPMorgan Chase brought the issue back to the forefront. American Banker
FirstBank in Tenn. to Buy Northwest Georgia Bank
FirstBank in Lexington, Tenn., has agreed to buy Northwest Georgia Bank in Ringgold. American Banker