(courtesy of Bloomberg) When Deutsche Bank sent senior Wall Street executive Leslie Slover to run its expanding outpost in Jacksonville, Fla., she wasn’t entirely ready for the lifestyle. Gone were the skyscrapers and subways. In their place was a corporate campus with a pond and vast parking lots, flanked by rows of new town houses, … Continue reading Wall Street Is Hiring … in Florida (The nearshoring strategy is aligned with President Trump’s push to keep jobs in the U.S.)
(courtesy of USA Today) Aside from expensive ask prices, nothing turns off a potential home buyer more than rising interest rates, as the higher the mortgage rate the higher the monthly mortgage payment. Higher rates also impact affordability, as more expensive borrowing costs often force home buyers to purchase a cheaper home or downside from … Continue reading Will rising interest rates weigh on home sales?
(courtesy of Jacksonville Business Journal) Wells Fargo officials announced last week that it plans to close more than 400 branches by the end of next year, in an effort to cut costs. The bank was involved in a massive scandal last year wherein employees opened fake accounts totaling almost $2 million. The scandal resulted in … Continue reading Wells Fargo to close approximately 400 branches by 2018
Jacksonville’s financial services companies were looking at a big year in 2017 anyway, and with the election of Donald Trump and the potential of deregulation, Jacksonville's financial industry could benefit. Many of the community banks in Jacksonville have merged with larger banks, including Jacksonville Bank in 2016. There’s just three locally headquartered community banks with … Continue reading Look ahead at 2017: Financial services set for boom year