Archive for the ‘Banking & Finance’ Category

This is a specific focus of a weekly MBJ edition.

AN MBJ BANKING ANALYSIS: Weighing “Too big to fail”

by Published: August 12,2012

Tags: Citigroup, Glass-Steagall Act, Sandy Weill, too big to fail

It’s as if Johnny Appleseed suddenly developed a disdain for apples, says a banking and investment industry stunned by former Wall Street kingpin Sandy Weill’s condemnation of the marriage of depositor institutions and investment banking. After all, having the two tie the knot was Weill’s idea, they say, pointing to the former Citigroup chairman’s successful […] [...]

All-American continues to grow with philosophy of relationship building

Since its doors opened in Canton in 1999, All-American Check Cashing has been on the move — literally and figuratively. With the recent acquisition of Check Exchange — the second acquisition this year — All American now has 38 retail stores from one end of the state to the other. “We are excited with this […] [...]

The importance of having good credit

by Published: May 20,2012

Tags: banking, credit score, finance, Ike Trotter

One of the financial necessities required in today’s world is good credit. It can make a huge difference when you’re trying to pass muster with a landlord, a lender or even a potential employer. On a numeric grading system, it helps to have a credit score of 740 or better. And while the medium credit […] [...]

Jackson foreclosures down in October, but up statewide

by Published: January 15,2012

Tags: CoreLogic, foreclosures, JACKSON

Foreclosure rates in Jackson decreased in October from the same period last year, according to new data from CoreLogic. Statewide, however, foreclosures rates rose from 2.38 percent in October 2010 to 2.57 percent in October last year, California real estate research firm CoreLogic reported. CoreLogic said the rate of Jackson area foreclosures among outstanding mortgage […] [...]

Most loan categories show drop in tardiness

Consumer delinquencies fell in seven of 11 loan categories in the third quarter of 2011, with two categories – bank cards and home equity lines of credit — holding virtually steady, the American Bankers Association reports. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 29 basis points to 2.59 percent […] [...]

Booker says Mississippi banking tied to communities’ growth and prosperity

A long-held interest in finance and money and the influence of his mother led Michael D. Booker into a banking career which began in 1976 as a management trainee right out of college. He’s had some interesting stops along the way, and since 2004 has served as the Clinton Community Bank President with BancorpSouth Bank. […] [...]

Mississippi banks still confront headwinds others have left behind

by Published: October 23,2011

Tags: closings, mergers, Mississippi banks, return-on-assets

Profits of Mississippi banks held more firmly at the outset of the nationwide banking crisis in December 2008, but today banks outside of Mississippi are out-performing those in the Magnolia State. The good news, according to banking consultant Brandon Roberts, is that earnings appear to have reached the bottom for the nation and Mississippi and […] [...]

Experian gives Jackson nation’s 2nd lowest credit score

by Published: October 23,2011

Tags: credit score, Experian, Harlingen Texas, JACKSON

The City of Jackson can be thankful for Harlingen, Texas. Without Harlingen, the Mississippi capital would have the nation’s worst Experian credit score. The credit reporting bureau gives Harlingen a national low of 686 and Jackson a second place 701, based on the credit history of residents. Corpus Christi, Texas, is knocking at the door […] [...]

Walton brings a wealth of experience and community service to Coast banking position

by Published: October 23,2011

Tags: BancorpSouth, banking, John Walton, Mississippi Gulf Coast, profile

With an accounting background and more than 30 years experience in banking, John Walton says he’s exactly where he wants to be as the new division president, Mississippi Gulf Coast, with BancorpSouth Bank. “I love what I do,” he said. “One of the great aspects of my job is getting to meet a lot of […] [...]

National survey shows Credit Card Act effective

by Published: August 21,2011

Tags:

Credit card holders are seeing stabilized interest rates, the elimination of over-limit penalty charges, a reduction in late fees charged by banks and minimal changes in annual fees since the Credit CARD Act of 2009 took effect, according to new research by the Pew Health Group’s Safe Credit Cards Project. Pew data show that the […] [...]

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