GE laying off almost 150 in Jacksonville

(courtesy of Jacksonville Business Journal) GE Global Operations, a division of the General Electric Company (NYSE: GE), will layoff 147 finance and insurance employees in Jacksonville in January, according to a notice filed with the state of Florida. The last day for the employees at GE's Kenan Drive office will be Jan. 12, the same … Continue reading GE laying off almost 150 in Jacksonville

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

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 

GuideWell and One Spark team up for innovation in health care

(Courtesy of Jacksonville Business Journal) Darnell Smith, Florida Blue   One Spark 2018 will host 150 innovators at Daily's Place Amphitheater Apr. 6 and 7. The creators will compete within four categories: education, technology, social and health care. A crowd favorite and "Spark Tank" winner will be chosen from each group. GuideWell Innovation, a subsidiary … Continue reading GuideWell and One Spark team up for innovation in health care

US Congress moves to roll back bank rules

(Courtesy of Jacksonville Business Journal) The US Congress took a step towards the biggest rollback of banking regulation since the financial crisis as lawmakers began debating legislation that critics say is a gift to Wall Street and supporters sell as relief for small banks. Nearly a decade since the nadir of the mortgage meltdown, Republicans … Continue reading US Congress moves to roll back bank rules