The midterm elections are over and Congress will be firmly under Republican control next month, but what does that mean for the economy and the banking industry?
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First American Trust, a wholly owned subsidiary of First American Financial Corp., has expanded into Nevada by opening a new location in Las Vegas, extending its full-service investment management, wealth planning and trust solutions.
Nevada continues to lose bank branches as the industry trims down and services get increasingly electronic.
Confidence has been restored in the past two years in the areas of buying businesses and real estate, expanding existing businesses and establishing startups, said Wells Fargo Vice President Business Development Officer Roger Unger.
Phyllis Gurgevich earned a bachelor’s degree in sociology with a concentration in criminal justice and an English minor from Purdue University. But instead of interviewing criminals or possibly writing true crime novels, she built her career around writing and publishing for trade magazines and running associations.
Las Vegas-based Meadows Bank recently reported third-quarter net income of $1.973 million compared with $1.115 million for the prior quarter.
Data breaches are becoming commonplace, and banks and credit unions are trying to deal with the threat while working with law enforcement officials and federal and state regulators to try and protect consumers.
When Apple Pay was announced at a highly-choreographed launch event in September, industry analysts and experts declared that the mobile payment system had a shot at doing what other digital wallets have so far failed to do: Dethrone plastic credit and debit cards as shoppers’ default way of making a purchase.
A major data breach that recently attacked millions of customers at Home Depot hardware stores across the country has created some hefty work for a local Nevada financial institution.
Following a bonanza $17 billion settlement agreed by Bank of America Corp. this week, Nevada will receive exactly this much of it in cash: Zero. But state officials say that doesn’t mean the Silver State will go home empty-handed.
WASHINGTON — Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
As America First Credit Union celebrated the grand opening of its newest Las Vegas location at 6090 S. Durango Drive on Aug. 15, the 75-year-old financial institution also welcomed Matthew Dice as branch manager.
Meadows Bank announced second-quarter earnings Tuesday, reporting a net income of $1.1 million, up $343,000 from the previous year.
Compared to their neighbors in lower income brackets, wealthy Nevadans are more optimistic that the local economy is heading in the right direction, according to Nevada State Bank’s most recent “High Net Worth Report.”
One of Southern Nevada’s largest regional banks on Thursday announced second-quarter earnings, reporting a 12 increase in net income.
The newly released “High Net Worth Report” by the Private Bank of Nevada State Bank, drawing up the BLS Time Use Survey, found higher income individuals get about eight hours and six minutes of sleep each night — about 3.3 percent less than the lower income set.
For Dallas Haun, the economic indicators at his bank are showing that the Southern Nevada market is creeping out of the doldrums and slowly picking up momentum.
George Smith, market president for Bank of America Nevada, oversees companies who bring in a serious chunk of change.
Anna Martini, president of Montreal-based fashion retailer Dynamite, said she hopes the Las Vegas store, which opened May 1 at Fashion Show mall, will be the 30-year-old company’s flagship location.
A tall blue box tucked in the rear of The D casino in downtown Las Vegas could soon shake up the gambling industry. That’s the hope of Derek Stevens and Jordan Kelley, who met Wednesday as they prepared to launch the first Bitcoin ATM in a casino.
Should an economic collapse ever ruin the U.S. dollar, you could still shop for your cataclysmic needs at the Zombie Apocalypse Store. Behind the door protected by wrought-iron bars and near a couple of machetes, black and orange signs read: “Bitcoin accepted here.”
Meadows Bank on Monday reported first-quarter net income of $1.262 million, compared with $335,000 in the same period last year.
Southern Nevada’s credit freeze is thawing, and that means better times for small businesses that need financing. It’s also a boost for the region’s economy, because smaller companies employ most of the local workforce and help spur spending in every industry.
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