In 2013 alone, federal regulators said a Miami Garden-based credit union had allowed “high-risk” businesses — many of them in Latin America and the Middle East — to funnel nearly $2 billion through its one branch.
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.