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Banking & Finance

BancorpSouth CFO Prater retiring in March

William L. “Bill” Prater is retiring early from his post as senior executive vice president, treasurer and chief financial officer at BancorpSouth Inc. The parent company of BancorpSouth Bank said Prater’s decision is effective March 10. The Northeast Mississippi Daily Journal reports Prater has held the posts for nearly eight years and will stay on board in a consulting role ...

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UPDATE: Mississippi ranked by Forbes 48th; MDA skeptical

MBJ Staff/Wire According to Forbes magazine, Mississippi is ranked 48th in the country in it’s 11th annual Best States for Business list, which measures which states have the best business climates and are poised to succeed going forward. Leading the way for the third straight year is Utah, which also ranked on top between 2010 and 2012. Only Virginia in 2013 interrupted Utah’s reign ...

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Trustmark Corporation and RB Bancorporation announce definitive merger agreement

  Trustmark Corporation (NASDAQ:TRMK) (“Trustmark”) and RB Bancorporation announced today the signing of a definitive agreement pursuant to which RB Bancorporation would merge into Trustmark. RB Bancorporation, with assets of $210 million, is the holding company for Reliance Bank, which has seven offices serving the Huntsville, Alabama MSA. Under the terms of the definitive agreement, which has been approved unanimously ...

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US stocks move higher as banks surge with bond yields

Bank stocks are climbing Monday morning as bond yields continue to rise. Bond yields are climbing to their highest levels this year, which points to higher interest rates and bigger profits for banks from lending money. Investors have been selling bonds, pushing yields higher, as they expect the spending plans of president-elect Donald Trump to lead to higher inflation. The ...

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Stocks mixed as investors seek clarity on Trump policies

Global stocks were mixed on Friday and the dollar steadied, as investors sought greater clarity on the upcoming economic policies of President-elect Donald Trump. KEEPING SCORE: France’s CAC 40 fell 0.7 percent to 4,498, while Germany’s DAX was up 0.3 percent at 10,661. Britain’s FTSE 100 shed 1 percent to 6,761. U.S. shares appeared headed for a weaker open a ...

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Trump rally in stock markets still has legs

The rebound in share prices around the world following the election of Donald Trump as the next U.S. president continued Thursday, with Asia partaking in the gains and the dollar rising further. The market mood has turned around dramatically since the immediate aftermath of Trump’s victory, which prompted widespread selling Wednesday in Asia. On Thursday, Asian shares posted hefty gains ...

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US stocks close broadly higher as investors eye election

Investors remained in a buying mood on Election Day, sending U.S. stocks broadly higher and building on big gains from a day earlier. Safe-play stocks such as utilities and phone companies were among the biggest gainers Tuesday. Energy companies were essentially flat. Investors focused on the U.S. presidential election, which rattled financial markets in recent weeks as polls between Hillary ...

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US stocks sharply higher in afternoon trading; oil rises

U.S. stocks surged in afternoon trading Monday, putting the market on course to snap a nine-day losing streak. Financial and health care stocks led the broad rally, as investors focused on the latest turns in the presidential race in the final hours before Election Day. The FBI announced late Sunday that its review of newly discovered Hillary Clinton emails found ...

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BancorpSouth overdraft settlement credits, checks going out

By DENNIS SEID Daily Journal TUPELO – Some former and current BancorpSouth customers are receiving either credit to their accounts or checks in their mail. In January, BancorpSouth settled a lawsuit for $24 million involving overdraft fees the bank charged to customers from a period beginning about 2003 to 2010 in the bank’s eight-state territory. In Mississippi, customers who were charged ...

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