US banks to get more freedom to offer unsecured loans 

Courtesy of Jacksonville Business Journal   Banks have historically shied away from providing unsecured loans to cash-strapped consumers, complaining that tough rules on underwriting — and the negative publicity of providing loans with very high effective annual interest rates — made the business more trouble than it was worth. The Trump administration plans to loosen … Continue reading US banks to get more freedom to offer unsecured loans 

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PNC economist: Tight labor a good problem to have

(Courtesy of Jacksonville Business Journal)     PNC Senior International Economist Bill Adams  Labor is tightening nationwide, and Jacksonville is no exception, Bill Adams, senior international economist for PNC Financial Services Group Inc. (NYSE: PNC), explained. A PNC survey found that in Florida, 38 percent of small-to-medium businesses said it was harder to find qualified … Continue reading PNC economist: Tight labor a good problem to have

BBVA Compass CEO explains why Jacksonville is a “core market”

(Courtesy of Jacksonville Business Journal)  Onur Genc, CEO and U.S. country manager for BBVA Group BBVA Compass (NYSE: BBVA) CEO and U.S. country manager, Onur Genc, visited Jacksonville Mar. 27 to see how he could support the double-digit growth rate market CEO Nelson Bradshaw has achieved over the last five years. BBVA, which has $800 … Continue reading BBVA Compass CEO explains why Jacksonville is a “core 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

Citigroup moving toward ‘national digital bank’: CFO

(Courtesy of Reuters) Citigroup Inc (C.N) is laying the foundation, through a growing network of mobile banking tools, to support the launch of a national digital consumer bank sometime within the next three years, its chief financial officer said on Tuesday. “I am not making an announcement right now, but I would be really disappointed … Continue reading Citigroup moving toward ‘national digital bank’: CFO