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Banking & Finance

(UPDATE) US stocks rebound a day after plunge, led by energy sector


The major U.S. stock indexes veered higher in afternoon trading, recovering from an early slide. Energy companies led the rally, climbing along with the price of crude oil. The gains came a day after the market had its worst drop since September. Exxon Mobil and Chevron each jumped about 5 percent, by far the largest gains in the Dow Jones ...

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IKE TROTTER — Pay yourself first on payday

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Every so often, the news will report on how the rich are getting richer, the poor getting poorer and how the gap between the two is growing. The demonstrations by Occupy Wall Street protestors a couple of years back was a perfect example of what some consider as economic inequality in today’s financial world. If the world were perfect, however, ...

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Rate hike effect on borrowers likely minimal


By LISA MONTI The Federal Reserve’s much anticipated interest rate hike is not going to have significant impact on most people, and whether rates will continue to rise depends on the economy showing continued signs of improvement. That’s the long-story-short view of Jerry Host, president and CEO of Jackson-based Trustmark National Bank, which has more than 200 locations in the ...

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ED WILMESHERR — Life in the post-subprime mortgage era 

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Banks in general, and community banks in particular, have experienced eight years of challenges, beginning with the first days of the great recession in 2007. The years 2007 and 2008 were a time of liquidity crisis and fallout from the housing bubble and the so-called subprime mortgage crisis. Bank regulatory agencies imposed extraordinary scrutiny upon banks, their loan portfolios, their ...

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MARK BLACKWELL — Retaining key employees


In large and small companies alike, the beginning of the calendar year often initiates the associate performance review process, an opportunity for business owners and leaders to provide commentary to employees regarding their accomplishments and shortcomings over the past twelve months.  This is also an ideal time for employees to provide valuable feedback regarding their own job satisfaction and career ...

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Greer joins Origin Bank

Origin Bank, formerly Community Trust Bank, has announced that Laura Greer has joined the bank as a public relations specialist with the Mississippi banking team in Ridgeland. Greer is new to the banking industry, having spent a significant amount of time in the world of catering and event planning. She will focus on coordinating events and act as a liaison ...

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Stocks open higher, led by gains in technology, energy


U.S. stocks are opening higher, led by gains in big technology companies, which have had a rough start to the year. Intel and Apple each rose 2 percent in early trading Tuesday, the biggest gains in the Dow Jones industrial average. Energy stocks also did well in the early going as the price of oil turned higher. It had slumped ...

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Butler Snow adds office at Asia’s front door

Ridgeland’s Butler Snow has extended its international reach into Asia, opening an office in Singapore and virtual office in Hong Kong to serve ultra-wealthy residents and businesses within the Pacific Rim. The expansion adds to 18 offices the 300-lawyer firm has throughout the U.S. and London. The  Singapore office will provide U.S. tax and estate planning advice to ultra-high net worth families ...

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