• Loans With Collateral

    Business services remain a bright spot

    The U.S. economy, commercial deposit and lending services, and the outlook for commercial real estate loans topped the agenda at CU Business Group’s (CUBG) 2021 National Business Services Conference. Larry Middleman, president/CEO at CUBG, a CUNA associate business member at the associate level, provides some highlights from the event. CUNA News: What were some of the big conversations during the conference? Larry Middleman: Mike Schenk, CUNA’s chief economist, gave quite a positive outlook on the economy in general. We also heard from Dianne Crocker of LightBox on the forecast for commercial real estate (CRE), which right now shows  

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  • Business & Finance

    State Street to Acquire Brown Brothers Harriman Investor Services | Business & Finance

    BOSTON & NEW YORK–(BUSINESS WIRE)–Sep 7, 2021– State Street Corporation (NYSE: STT) and Brown Brothers Harriman & Co. (BBH) today announced that they have entered into a definitive agreement for State Street to acquire BBH’s Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for $3.5 billion in cash. Following the transaction, BBH will continue to independently own and operate its separate Private Banking and Investment Management businesses. The parties are targeting year-end 2021 to complete the acquisition, subject to regulatory approvals and customary closing conditions. BBH Investor Services is a global asset servicer with  

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  • Business Accounting

    Bookkeeping services help businesses prevent pitfalls | Local News

    Schell & Hogan LLP, a leading accounting firm in Brunswick, has its beginnings 65 years ago in Jacksonville, Florida, when it began as a branch of Smoak, Davis and Nixon LLP. In 1967, J. Powell Schell and Terry D. Hogan, already partners in the firm, acquired it to operate it independently from the Jacksonville firm, under the current name of Schell & Hogan LLP. Paulette Martin, the bookkeeping director for the firm, has been employed there 24 years. Although the firm provides a full range of accounting services, her department has specific duties for a variety of clients. “We provide  

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  • Business & Finance

    SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly Traded following Business Combination with Social Capital Hedosophia V

    Social Finance, Inc., a leading next-generation financial services platform, and Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) (“SCH”), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take SoFi public. The transaction forms a leading, publicly traded consumer-focused financial technology platform named SoFi Technologies, Inc. (“SoFi” or the “Company”). The combined company is expected to start trading on The Nasdaq Global Select Market (“Nasdaq”) on June 1, 2021 under the new ticker symbol “SOFI” for SoFi common stock and “SOFIW” for SoFi warrants. SoFi raised approximately $2.4 billion in cash proceeds from the transaction  

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  • Business & Finance

    What Type Of Shareholders Make Up First Business Financial Services, Inc.’s (NASDAQ:FBIZ) Share Registry?

    TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized return of 33{a25bda0f8ab6dac90e68079d6f038584ef6ac53f1f4621de3ad526e35cd6c0d6} from 1970 to 2020, making it the most successful hedge fund in history. Soros’s biggest single success came  

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