Management of troubled U.S. Century Bank has announced an agreement with private equity firms for an infusion of $65 million in cash. The agreement is richer than a previously proposed deal and comes with greater benefits for existing shareholders.
Miami-based Ladenburg Thalmann Financial Services said Monday that it has agreed to acquire Securities Service Network, an independent broker-dealer, registered investment advisor and insurance agency based in Knoxville, Tennesee.
Lacking sufficient capital to grow is the main constraint for most small and middle market companies. To reach the next level of success, capital is the fuel that drives the company’s growth engine. Without it, reaching that next level is almost impossible.
When businesses start making major decisions based on tax reasons and not on what’s best for clients and employees, we have a problem. The system is broken and the long term effects will be worse than just reducing tax revenues.
The Federal Trade Commission has asked a U.S. district judge to freeze the business activity and assets of a network of payday loan companies purportedly controlled by Timothy A. Coppinger and Frampton T. Rowland III. The lawsuit alleges that the men made about $28 million in loans over one 11-month period, “extracting” more than $46.5 million in return.
Passbook savings accounts are the centerpiece of a pilot program being launched this fall by the Federal Deposit Insurance Corp., which is hoping to promote financial education and encourage children to save money.
The game’s popularity has been clear for a couple of years. But a possible deal with Microsoft is the clearest sign yet how important tech giants view games such as “Minecraft” and their growing fan bases.
Here is a scam that keeps showing up and driving people crazy. One of my crime watchers sent this to me from the Florida Department of Agriculture and Consumer Services. Please pay attention and follow their advice.
He sold axle grease, fine china and prize-winning chickens, made and lost fortunes and changed the course of children’s literature. For L. Frank Baum, life was almost as much of a whirlwind as the cyclone in his best-seller, “The Wonderful Wizard of Oz.”