Editorial Results (free)
1.
Regulators approve U.S. Bank's $8B purchase of Union Bank -
Friday, October 14, 2022
NEW YORK (AP) — Key financial regulators on Friday approved U.S. Bank's $8 billion acquisition of Japanese financial titan MUFG's Union Bank franchise, clearing big regulatory hurdles for a deal that will push U.S. Bank closer to the size of Wall Street's mega banks.
2.
Bank CEOs warn of 'daunting' challenges from inflation -
Friday, September 16, 2022
WASHINGTON (AP) — In what has become an annual ritual, the CEOs of the major U.S. banks appeared in front of Congress on Wednesday to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans.
3.
Wall Street CEOs appear on Capitol Hill as election looms -
Friday, September 16, 2022
WASHINGTON (AP) — In what has become an annual ritual, the CEOs of the major U.S. banks appeared in front of Congress on Wednesday to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans.
4.
Freed from COVID restrictions, big US banks hike dividends -
Friday, June 25, 2021
NEW YORK (AP) — Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.
5.
Stocks fall as investors brace for earnings hit from virus -
Friday, April 10, 2020
Stocks fell on Wall Street Monday, erasing some of the market's big gains from last week, as investors braced for a sobering first look at how the coronavirus pandemic has hurt company earnings.
The S&P 500 fell 1% after cutting its early losses by more than half toward the end of the day. The benchmark index surged 12% last week, its best gain since 1974.
6.
Report: Auto tariffs could mean $4B loss to state -
Friday, February 21, 2020
Middle Tennessee State University’s Business and Economic Research Center has released an automobile tariffs study for the state.
The new Global Commerce report on “The Impact of Automotive Tariffs on the Tennessee Economy” looks at the impact on the Tennessee economy under a range of possible tariffs imposed on automotive imports.
7.
Banks post big profits, but lower interest rates are a worry -
Friday, January 10, 2020
NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street.
Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported a record annual profit, while Citigroup posted its best results since before the Great Recession.
8.
How employers help workers save for rainy days -
Friday, December 13, 2019
Everyone needs a rainy-day fund. Your financial health depends on it, and your employer could help you build one.
Many companies offer 401(k)s and other retirement plans, but until recently few had programs to promote short-term savings. That’s starting to change as employers experiment with matching funds, payroll deductions and other methods to encourage workers to build emergency funds.
9.
For banks, data on your spending habits could be a gold mine -
Friday, November 29, 2019
NEW YORK (AP) — There's a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card.
For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up your transaction history to steer future spending and hold your loyalty.
10.
Top Middle Tennessee residential sales for September 2019 -
Friday, October 18, 2019
Top residential real estate sales, September 2019, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
11.
Bradley wins at Life Sciences Awards -
Friday, September 27, 2019
Bradley Arant Boult Cummings LLP was named a “Firm to Watch” in the nationwide Litigation & Enforcement category at the LMG Life Sciences Awards.
The LMG Life Sciences Awards recognize the year’s top firms and legal professionals in the life sciences sector. The award winners were announced Sept. 18 at an event in New York City.
12.
Stocks rise on fresh optimism ahead of US-China trade talks -
Friday, September 13, 2019
Stocks rose on Wall Street Thursday after the U.S. and China took steps to ease tensions in their costly trade war, putting investors in a buying mood.
Technology, financial and consumer-focused stocks helped power the modest rally, which extended the market's solid gains from the day before despite losing some momentum in the final hour of trading. The benchmark S&P 500 index closed within 0.6% of its all-time high set July 26.
13.
Bradley partner Lipshie named to Who’s Who list -
Friday, July 19, 2019
Samuel D. Lipshie, a partner in Bradley Arant Boult Cummings LLP’s Nashville office, has again been named by Who’s Who Legal as among the world’s leading sports and entertainment law practitioners. He is listed in the Who’s Who Legal: Sports & Entertainment 2019 directory.
14.
BB&T, SunTrust merge to create nation's 6th largest bank -
Friday, February 8, 2019
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S.
15.
Regional banks BB&T, SunTrust join to create $66B operator -
Friday, February 1, 2019
ATLANTA (AP) — Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion.
The banks said Thursday that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households.
16.
Polly is chair of 2019 Campaign for Equal Justice -
Friday, January 25, 2019
Erin Palmer Polly, an attorney at Butler Snow LLP in Nashville and immediate past president of the Nashville Bar Association, will serve as the chair for its 2019 Campaign for Equal Justice, an annual initiative that raises funds for the Legal Aid Society of Middle Tennessee and the Cumberlands.
17.
Fed proposes easing rule that limits risky bank trading -
Friday, May 25, 2018
WASHINGTON (AP) — The Federal Reserve is proposing to ease a rule aimed at defusing the kind of risk-taking on Wall Street that helped trigger the 2008 financial meltdown.
The Fed under new leadership on Wednesday unveiled proposed changes to the Volcker Rule, which bars banks' risky trading bets for their own profit with depositors' money. The changes would match the strictest applications of the rule to banks that do the most trading.
18.
Trump signs bill easing post-2008 crisis restraints on banks -
Friday, May 25, 2018
WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback."
19.
Trump eager to sign bill rolling back Dodd-Frank regulations -
Friday, May 18, 2018
WASHINGTON (AP) — President Donald Trump indicated Wednesday that he's eager to sign a bill that would dismantle a chunk of the rules framework for banks, installed to prevent recurrence of the 2008 financial crisis that brought millions of lots jobs and foreclosed homes.
20.
Congress nears dismantling of post-crisis bank rules -
Friday, May 18, 2018
WASHINGTON (AP) — Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.
21.
Pinnacle’s Collier named top program manager -
Friday, May 11, 2018
Bank Investment Consultant magazine has named branch manager Gary Collier No. 1 nationwide among the top managers of investment services programs at banks and credit unions. He has appeared on the list several times before, but this is his first time to earn the top spot.
22.
SunTrust warns 1.5 million clients of potential data breach -
Friday, April 20, 2018
NEW YORK (AP) — SunTrust Banks Inc. says accounts for 1.5 million clients could be compromised following a potential case of data theft.
The Atlanta bank said Friday that it became aware of the potential theft by a former employee and that the investigation is ongoing. Compromised information could include names, addresses, phone numbers and account balances.
23.
US stocks add to gains as company earnings reports impress -
Friday, April 13, 2018
Technology companies led U.S. stocks solidly higher Tuesday, giving the market its second straight gain.
Consumer-services companies, retailers and health care stocks accounted for a big slice of the broad rally. Banks declined, and oil prices recovered from an early slide.
24.
Legal Aid Society names Waller executive director -
Friday, April 6, 2018
Legal Aid Society of Middle Tennessee and the Cumberlands has named attorney DarKenya W. Waller as its new executive director. Waller, who previously served as managing attorney of the firm’s Nashville office, replaces Gary Housepian, who served as executive director for the last decade.
25.
Senate bill would diminish mortgage disclosures by banks -
Friday, March 9, 2018
WASHINGTON (AP) — Buried within new Senate legislation to roll back restraints on banks is a provision that would exempt an estimated 85 percent of all U.S. banks and credit unions from public reporting requirements, raising fears that discriminatory practices by lenders could go undetected.
26.
US stocks slide on final trading day of 2017 -
Friday, December 29, 2017
Wall Street capped 2017 with a loss, weighed down by a broad slide in light trading ahead of the New Year's holiday.
Technology companies, banks and health care stocks accounted for much of the market's decline. Energy stocks also fell, even as the price of U.S. crude oil surged to its highest level in more than two years.
27.
Bradley welcomes 11 new associates in Nashville -
Friday, November 24, 2017
Bradley Arant Boult Cummings LLP has hired 11 attorneys for the firm’s Nashville office as associates, bringing the total number of Bradley attorneys in Nashville to 137.
The firm’s new Nashville associates are:
28.
Magnifique: Investors applaud French vote with stock rally -
Friday, April 21, 2017
NEW YORK (AP) — Vive le rally. U.S. stocks joined a worldwide surge higher Monday after the first round of France's presidential election raised expectations that the European Union will hold together. A candidate seen as pro-business won the most votes Sunday, and many investors expect him to win a runoff against the remaining anti-EU candidate, which is set for May 7.
29.
Going all out while going small -
Friday, April 7, 2017
From the glass globes hanging from beams on the barn-wood living room ceiling to the 33-inch stainless steel farmhouse apron sink in the kitchen to the glass garage doors welcoming outside in, designer David Latimer likes to make a statement.
30.
Banks lead stocks higher; health care debate continues -
Friday, March 17, 2017
NEW YORK (AP) — U.S. stocks are mostly higher Thursday as bank stocks recover some ground thanks to an upturn in bond yields, which will make lending money more profitable. Google's parent company, Alphabet, leads technology stocks lower as a number of companies say they will stop advertising on YouTube.
31.
Top Middle Tennessee residential transactions for Dec. 2016 -
Friday, January 20, 2017
Top residential real estate sales, December 2016, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
32.
Higher wages push stocks to records, but Dow misses 20,000 -
Friday, January 6, 2017
NEW YORK (AP) — So close! The Dow Jones industrial average missed the 20,000 mark by a fraction of a point Friday as U.S. stock indexes rose after the government said wages jumped in December. Two other major indexes set records.
33.
Tennessee leads the nation in bankruptcies -
Friday, May 6, 2016
Tennessee has a model program for financial literacy in its public schools. All high school students must pass a personal finance course to graduate, and even kindergartners are learning about money under a new initiative to extend the curriculum to primary school.
34.
Top Middle Tennessee commercial transactions for January 2016 -
Friday, February 19, 2016
Top commercial real estate sales, January 2016, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
35.
Kiwanis names Corbin Nashvillian of the Year -
Friday, March 27, 2015
Tim Corbin, head coach of the Vanderbilt University’s NCAA national championship baseball team, has been named Outstanding Nashvillian of the Year by The Kiwanis Club of Nashville.
Established 34 years ago, The Kiwanis Club’s Outstanding Nashvillian of the Year Award is presented annually to one or more Nashvillians who have made the greatest positive difference to the Metro Nashville community during the previous year by having gone beyond the call of duty and given unstintingly of his or her abilities and/or resources for the betterment of the Nashville area without seeking recognition or reward.
36.
Largest US banks all pass latest round of Fed 'stress tests' -
Friday, March 6, 2015
WASHINGTON (AP) — All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday.
Results of the Fed's annual "stress tests" show that as a group, the 31 banks are stronger than at any time since the 2008 financial crisis struck, thanks to a steadily recovering economy. The results build on positive outcomes from last year's stress tests.
37.
What recession? Midstate largely spared -
Friday, February 20, 2015
After handling clients at SunTrust as a senior portfolio manager for high-net-worth clients, many with $10 million or more in assets, Dana Moore, CFA, and two colleagues (George Stadler, Angela Helbig), founded HMS Investment Advisors in 2009.
38.
Diversified Trust expands Nashville leadership team -
Friday, August 8, 2014
Diversified Trust, an employee-owned, southeast-based comprehensive wealth management firm that manages more than $5 billion in client assets, has announced the hiring of three senior professionals in its Nashville office: Adam Dretler, senior vice president, Lamar Stanley, vice president, Katie Williams, vice president
39.
Bone McAllester adds labor, employment attorney -
Friday, November 8, 2013
The law firm of Bone McAllester Norton PLLC has hired Vanderbilt alumnus Bryan Pieper as the firm’s newest attorney in labor and employment law and commercial litigation.
40.
Dollars for docs -
Friday, August 30, 2013
When Urology Associates bought land on Charlotte Avenue to build a new facility in 1999, the two dozen members of the physician group signed for the loan with personal guarantees.
“We wrote our names down and said we’d guarantee this $8 or $10 million loan, so we had a lot of sweating for a number of years that it wouldn’t come back to haunt us,” recalls Dr. Charles Eckstein, president of the practice. “But it turned out to be a wise move on our part.”
41.
Watkins welcomes 4 new trustees to board -
Friday, August 2, 2013
Watkins College of Art, Design & Film has named William H. Braddy III, Deborah G. Crowder, Marci Mason, and Cano A. Ozgener to its board. Each will serve three-year terms.
42.
Fed says 17 of 18 top US banks have strengthened -
Friday, March 8, 2013
WASHINGTON (AP) — All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the 2008 financial crisis, the Federal Reserve says.
43.
5 big US banks have cut mortgage debt by $19B -
Friday, February 22, 2013
WASHINGTON (AP) — Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses.
44.
Goldman, Morgan Stanley pay $557M in mortgage case -
Friday, January 11, 2013
WASHINGTON (AP) — Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
45.
10 banks agree to pay $8.5B for foreclosure abuse -
Friday, January 4, 2013
WASHINGTON (AP) — Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
46.
CapWealth names Venable president, COO -
Friday, January 4, 2013
Independent investment advisory firm CapWealth Advisors LLC has selected Phoebe J. Venable to be its president and chief operating officer.
47.
Stocks recoup losses in late rally on Wall Street -
Friday, October 19, 2012
NEW YORK (AP) — The stock market is waiting for the presidential election as much as anyone.
The U.S. stock market struggled for direction Monday. Stocks waffled between small gains and losses, but by mid-afternoon it seemed they would finish solidly lower. The Dow Jones industrial average fell as much as 108 points before rallying in the late afternoon to finish two points higher. There wasn't any obvious catalyst for the turnaround, other than general indecision on the part of investors.
48.
Stocks close lower for fifth day straight -
Friday, July 6, 2012
NEW YORK (AP) — The stock market mostly recovered from an afternoon slump to end with slight losses.
In minutes from their latest meeting released Wednesday afternoon, Federal Reserve officials said they saw a variety of threats to the U.S. economy, including a slowdown in China and a looming budget crunch in Washington. The Fed also didn't signal that new steps to stimulate the economy were on the way.
49.
Relationships key to small bank success -
Friday, June 22, 2012
When Andy and Charlie Nelson were looking for a small business loan to help finance their new company, Nelson’s Green Brier Distillery, they were turned down by large national banks, including SunTrust and Bank of America.
50.
Standing up to the big boys -
Friday, June 22, 2012
It makes perfect sense: If you want to grow your business, you need to be where your customers are. Banking is no different, which might explain why so many banks that have been operating in nearby communities are moving into the Nashville market.
51.
Top residential sales for May 2012 -
Friday, June 15, 2012
Top residential sales for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.
Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.
52.
US stocks slide on economic tremors from Europe -
Friday, April 20, 2012
NEW YORK (AP) — A collection of worrying news out of Europe sent stocks sharply lower on Monday.
The Dutch government collapsed Monday, a day after French President Nicolas Sarkozy lost the first round of that country's presidential election. A new report showed that European government debt continues to pile up despite severe budget cuts, which have led to unrest and political upheaval across the continent.
53.
Fed fines 8 US banks for alleged foreclosure abuse -
Friday, March 16, 2012
WASHINGTON (AP) — The Federal Reserve said Monday that it plans to fine eight additional U.S. bank holding companies for improperly foreclosing on homeowners.
The financial firms — EverBank, Goldman Sachs Group, HSBC Holdings PLC, PNC Financial Services Group, MetLife, OneWest Bank, SunTrust Banks and U.S. Bancorp — were not part of last month's settlement over alleged foreclosure abuses.
54.
Citibank, SunTrust fail Fed stress test; 15 pass -
Friday, March 9, 2012
WASHINGTON (AP) — All but four of 19 major U.S. banks got a green light Tuesday from the Federal Reserve to boost their dividends and take other steps that will make their stocks more attractive to investors. The Fed declared them strong enough to survive a downturn worse than the Great Recession.
55.
Even after backlash, banks quietly pursuing fees -
Friday, March 2, 2012
NEW YORK (AP) — Big banks, facing declining revenues and a regulatory climate that leaves them fewer creative ways to make money, are quietly introducing or experimenting with fees that are sure to outrage customers.
56.
MIBANCO finds niche serving Hispanic community -
Friday, November 11, 2011
The growth at MIBANCO, a new bank in Nashville mainly serving the Hispanic population, has been in line with projections, its leadership says.
A division of the Bank of Camden, the bank currently serves 350 registered customers. Many of its customers formerly did their banking at larger financial institutions, but they turned to MIBANCO for services that they felt could better fulfill their needs.
57.
If you’ve got the money, honey ... -
Friday, November 11, 2011
The Hollywood-based bank that gave Frank Sinatra the ransom money to get back his kidnapped son made a strong move into Nashville this summer.
And in doing so, entertainment bankers City National caused a huge stir by hiring top staffers from competing SunTrust bank, which has Nashville’s biggest Music Row operation.
58.
First Tennessee joins debit card fee trend -
Friday, September 30, 2011
When officials with the parent company of First Tennessee Bank walked through the company’s second quarter earnings in July for analysts, they noted that the implementation of stricter rules governing debit card fees would mean an annual $15 million to $20 million hit to the company’s revenue.
59.
More bad news for bank customers: Debit card fees -
Friday, September 30, 2011
NEW YORK (AP) — Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants.
60.
Bank of America to charge $5 debit card fee -
Friday, September 23, 2011
NEW YORK (AP) — Bank of America plans to start charging customers a $5 monthly fee for using their debit card for purchases.
The fee will be rolled out starting early next year.
A number of banks have either rolled out or are testing such fees. Bank of America's announcement carries added weight because it is the largest U.S. bank by deposits.
61.
Leadership changes at Vanderbilt-Ingram -
Friday, August 12, 2011
Two senior faculty members at Vanderbilt-Ingram Cancer Center have been promoted to new leadership roles.
Carlos L. Arteaga, M.D., professor of Medicine and Cancer Biology and director of the Breast Cancer Program, has accepted a new role as associate director for Clinical Research.
62.
Tapping a growing market -
Friday, July 8, 2011
Nashville’s burgeoning Hispanic population will soon have a bank to call its own as MIBANCO, a division of the Bank of Camden, is opening a branch this summer at 4536 Nolensville Pike.
63.
Courtney joins Pilkerton Realtors -
Friday, April 22, 2011
Veteran Realtor® Richard Courtney is joining Pilkerton Realtors, one of the oldest and largest independent real estate firms in Nashville, with offices in Green Hills and Brentwood.
64.
Gov't orders 14 lenders to reimburse homeowners -
Friday, April 8, 2011
WASHINGTON (AP) — The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.
Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.
65.
Regions customers find satisfaction -
Friday, January 14, 2011
Bank customers are apparently more likely to get service with a smile when they step into a Regions Bank branch as opposed to any other large U.S. financial institution.