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.
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Nevada is expected to benefit economically from its first New Markets Tax Credit allocation. Clearinghouse CDFI, a Lake Forest, Calif.–based financial institution with an office in Las Vegas, recently received an $80 million allocation.
Nevada Attorney General Catherine Cortez Masto said a report released Wednesday by the monitor of the National Mortgage Settlement shows that more work needs to be done by the largest U.S. mortgage servicers, who are failing to comply with several key aspects of the settlement designed to regulate how struggling homeowners are treated.
Cathay General Bancorp said Tuesday it has opened its first branch in Las Vegas as the Asian-American bank continues to expand its branch network.
Will 2013 be the year we say farewell to free checking for good? It’s beginning to look that way with six months left.
NEW YORK — Bank of America Corp., the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
As more and more people use smartphones for everything from paying bills to making deposits and checking statements, banks are working to meet customer demands for faster and securer mobile options.
Plaza Bank has agreed to assume the deposits and buy the assets of a small bank in North Las Vegas, seized by federal regulators, the bank’s CEO and president confirmed Thursday.
An analysis of social media conversations found that consumers join credit unions because of better customer service, more credit and lower fees.
When John Wilcox speaks of Las Vegas being better off economically today than it was six months ago, he is drawing on his own experience as a City National Bank executive. After running the business bank’s regional branches for four years, he was named Nevada regional executive.
The Nevada Microenterprise Initiative in partnership with its parent nonprofit lender the Valley Economic Development Center Inc. have added $2 million to support their small-business loan program statewide.
After 36 years as a Las Vegas police officer, Gary Marsh had put in place all the pieces of a stress-free retirement right down to the rural cabin for trout fishing getaways.
At one time Capitol Bancorp Ltd. owned some 60 banks. But the real estate bust tied to the recession and regulators demanding they raise badly needed cash have seen the company that owns Bank of Las Vegas and 1st Commerce Bank in North Las Vegas shed dozens of affiliates in the last four years.
Keeping your business afloat in a tough economy is one thing. Keeping your business afloat in a tough economy while finding time to volunteer at an animal shelter, compete in triathlons, help a child through a kidney transplant or battle cancer? That’s another level of achievement altogether.
Silver State Schools Credit Union has handed out its 2013 college scholarships to six seniors in the Clark County School District. Each scholarship awards $2,000 annually, renewable for up to four years, and is awarded to seniors who are credit unions members and who excel in academics, athletics and community service.
Sarah Guindy has big goals for the Juris Banking division she leads at Bank of Nevada.
City National Bank on Tuesday named John Wilcox its Nevada regional executive, replacing veteran banker Larry Charlton, who retired at the end of April. Wilcox, 57, will also serve as regional banking manager for Core Banking, overseeing City national’s branches in Nevada and San Diego.
One Nevada Credit Union reported a first-quarter profit that more than tripled from the same period a year ago primarily because of reduced loan loss provision.
When it comes to equitable income distribution, Nevada and its metropolitan areas are slightly better off than the national average. However, the U.S. as a whole still lags behind much of the world when it comes to income equality, the latest High Net Worth Report released by The Private Bank at Nevada State Bank shows.
Meadows Bank posted its 11th consecutive quarter of positive net income, a bank executive said Wednesday.
Robert Lind, a principal in a Las Vegas-based investment adviser firm, is confident his recently launched firm — Berkshire Bridge Partners LLC — will achieve longevity in a line of business where few others have succeeded in Nevada.
Zions Bancorp said Monday that it saw earnings rise in the first quarter as the bank holding company continued to benefit from improving credit quality.
Nevada State Bank launched The Private Bank, a wealth management business, four years ago in the middle of an economic recession. The risky decision has paid dividends for the bank by increasing brand awareness among a high-net- worth clientele.