Rising rates are not all good news for US banks

(courtesy of JaxBizJournal ) This week’s jump in interest rates has carried bank stocks along with it, but investment analysts caution against assuming that a rising rate environment will boost bank earnings, particularly in the near term. The reason: what banks pay for deposit funding — which has been close to nothing, in many cases, for … Continue reading Rising rates are not all good news for US banks

Advertisements

Florida Blue hiring 200 temporary workers ahead of open enrollment

(Courtesy of Jacksonville Business Journal) Jacksonville-based Florida Blue health insurance is hiring 200 temporary workers for its call centers before open enrollment, which runs from Nov. 1 through Dec. 15. Two job fairs will be held this week at the Florida Blue Centers at River City Marketplace, 13141 City Station Drive. One will be held … Continue reading Florida Blue hiring 200 temporary workers ahead of open enrollment

‘Downtown is ripe for some major growth’ — exclusive conversation with Bank of America market president 

(Courtesy of Jacksonville Business News)   Enlarge Greg Smith, Bank of America market president. Bank of America market president Greg Smith sees more opportunities for downtown growth now that major projects are starting. "Downtown is ripe for some major growth," Smith told the Business Journal. "There are a lot of things coming out of the … Continue reading ‘Downtown is ripe for some major growth’ — exclusive conversation with Bank of America market president 

As TIAA Bank becomes official, merger ‘favorable’ to Jacksonville job market 

(Courtesy of Jacksonville Business Journal) Enlarge Proposed bank signage The combination of TIAA and EverBank will be good for Jacksonville, the head of the financial service’s company’s banking operation said Monday, the day the combined organization was officially launched. “It will definitely be favorable to the overall job market in Jacksonville,” said Blake Wilson, who … Continue reading As TIAA Bank becomes official, merger ‘favorable’ to Jacksonville job market 

Big banks to get reprieve from Volcker rule

(Courtesy of Jacksonville Business Journal)   President Donald Trump with Jerome Powell, his nominee to chair the Federal Reserve, at a news conference in the Rose Garden of the White House on Thursday, Nov. 2, 2017. Big banks are getting a big reprieve from a post-crisis rule aimed at curbing risky behavior on Wall Street. … Continue reading Big banks to get reprieve from Volcker rule