Business Blog

On Wednesday, BancorpSouth CEO Dan Rollins gave a three-minute interview to MBJ-TV just three weeks into his new role as leader of one of the state’s largest financial institutions. Rollins’ successful tenure at Prosperity Bank in Houston, Texas led to that bank becoming Houston’s largest holding company and nearly doubling its assets in five years. [...]

Te Office of the Comptroller of the Currency recently graded the 19 largest national banks on five factors designed to gauge how well they are being run.   The results are startling, BankInvestmentConsultant.com reports.   Not a single bank met the OCC’s requirements for internal auditing, risk management or succession planning. Only two of the [...]

  In winding down programs dating to the 2008 financial crisis, the Treasury Department is auctioning its preferred shares in Brandon-based Community Bank of Mississippi Inc. and 14 other banks that received Troubled Asset Relief Program funds. Community Bank of Mississippi, a subsidiary of Community Bancshares of Mississippi, received $52 million TARP money on Sept. [...]

Birmingham, Ala.-based Regions Bank has contracted PrimeVest Financial Services to provide investment and financial advisory services to customers in the 16 states in which it does business, the bank said Thursday. The agreement with PrimeVest will help the Regions, Mississippi’s market leader in retail banking, fill the service gap that was left after it sold [...]

Former Mississippi governor Haley Barbour spared Chris Christie his wrath, but Mother Nature didn’t get away so easy. “Hurricane Sandy saved Barack Obama’s presidency,” he told the Today show Thursday. “It broke the momentum that Romney had coming into the end of October.” See complete post …

from Bill Crawford … It’s time for the PERS Board and Executive Director to fess up to the serious problems facing the state retirement system. It’s time for the Legislature to put politics aside and face up to these problems. It’s time for us retirees to tune in to reality, take our medicine now, and [...]

In a move that takes immediate pressure off of community banks in Mississippi and elsewhere in the nation, federal bank regulators say they do not expect to enact new capital requirements on Jan. 1 based on the Basel III International Accords. In a statement Friday, the Office of the Comptroller of the Currency said the [...]

Mississippi will be nearing the end of this decade before job numbers in manufacturing, leisure & hospitality and several other sectors returns to the pre-recession levels of 2007, state economists say in a new report. The news is not entirely bad, however. The November issue of the Mississippi Economic Outlook reports that the leading indicators [...]

Economist-turned-Fox Business host Stuart Varney likes nothing more than poking an accusing finger at what most of the rest of us take as accepted truths. The conservative commentator who says he left England in 1974 to escape its class warfare” visited Jackson Tuesday to address the Mississippi Council on Economic Education. Of course, the question [...]

Thousands of Wells Fargo & Co. home loan customers recently received a surprise in the mail: refund checks from the big bank, along with letters saying they had paid unnecessary fees for their mortgages, the Los Angeles Times reports. The unsolicited offers of thousands of dollars arrived with a catch — if the borrowers cash [...]