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PPP loans could make comeback in time for holidays
Bankers, CPAs stand by for potential $300B PPP round
Published
Congress could pass a third round of the U.S. Small Business Administration’s Paycheck Protection Program funding just in time for the holidays. A bipartisan group of U.S. senators on Monday
Richmond investment bank launches health care group
Matrix Capital Markets Group hires Amanda Verner Thompson and Vasanta B. Pundarika
Published
Richmond-based investment bank Matrix Capital Markets Group Inc. announced Wednesday it has established the Matrix Healthcare Banking Group, which will focus on health care subsectors. The industry group will be
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Va. Credit Union League president to retire next June
Richard D. “Rick” Pillow will leave after dedicating 40 years to the credit union system
Published
The Virginia Credit Union League (VCUL) announced Wednesday that its longtime president, Richard D. “Rick” Pillow, will retire on June 30, 2021, after dedicating 40 years to the credit union
Finance | Insurance
Banking | Financial Planning | Venture Capital | Investments
Published
JOHN ASBURY PRESIDENT AND CEO, ATLANTIC UNION BANKSHARES, RICHMOND A Radford native, Asbury transitioned from a career with large financial institutions to help build a regional bank. After successful mergers
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Transaction first announced in February, expected to close Q4
Published
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February.
Freddie Mac names new CFO
Chris Lown was previously CFO at Navient Corp.
Published
Tysons-based Freddie Mac announced that Christian M. Lown will become the Fortune 500 company’s executive vice president and chief financial officer, effective June 15. Previously the executive vice president and
Goldman Sachs to acquire McLean financial firm
Folio Financial Inc. announced the plans for acquisition Tuesday
Published
McLean-based online financial services company Folio Financial Inc. announced Tuesday it will be acquired by New York City-based The Goldman Sachs Group Inc. Both companies provide investment management, asset management
Morgan Stanley to acquire E-Trade for $13B
E-Trade had the second highest amount of deposits in Virginia as of June 30.
Published
New York City-based wealth management company Morgan Stanley will acquire Arlington-based E-Trade Financial Corp. under a $13 billion definitive agreement expected to close in the fourth quarter of this year,
Lawmakers advance bills regulating consumer lending
An estimated 12 million Americans take out payday loans each year.
Published
RICHMOND, Va. — Del. Mark Levine recalls receiving a $1,000 loan offer from a company with a 299% interest rate buried deep in the fine print. “As the company compounds
MorganFranklin Consulting names managing director of IAM service
Jason Berland previously worked for Fishtech Group
Published
McLean-based finance and technology advisory firm MorganFranklin Consulting LLC named Jason Berland as the managing director of its identity and access management (IAM) service offering, the company announced Monday. Identity