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Tag Archives: Banking & Finance

Mississippi banks continue gains in operating income

Mississippi’s 86 FDIC-insured financial institutions ended the final quarter of 2013 with a year-over-year quarterly gain in operating income of $16 million, joining their counterparts nationally in making gains the FDIC attributed to lower expenses for loan-loss provisions and money put aside for litigation. While the $16 million may seem insubstantial, the $538 million total in net income marks a ...

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MEC disputes DOR’s costs estimate on business tax bills

A price tag of $7.5 million this year and $25 million next year accompany a pair of pro-business tax apportionment bills that have cleared Mississippi’s House and Senate with overwhelming support. The Republican-sponsored measures, HB 799 and SB 2487, force the Department of Revenue’s to justify basing a multistate company’s taxes on revenue generated in the state. The measure also ...

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Expert on airlines predicts Jackson-Evers will keep remaining carriers

The bad news for Central Mississippi air travelers is that Jackson-Medgar Evers International is very unlikely to get a low-cost carrier to fill the void that will be left by Southwest Airline’s June 7 departure. The good news, however, is that the regional airport will keep its remaining carriers – American Airlines (set to merge with U.S. Air Airlines), Delta ...

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BNA Bank hires Colt Doom and Dona Weeden

Colt Doom and Donna Weeden have joined BNA Bank as senior vice president and vice president, loans, respectively. Doom is also a magna cum laude graduate of the Mid South School of Banking in Memphis, and has 24 years of banking experience. He attended Northeast Mississippi Community College, and is a graduate of the University of Mississippi with a bachelor ...

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TROTTER: What lessons can be learned from Detroit?

On July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. A city once having a population of some 1.8 million has whittled down to less than 700,000. What will happen to the pensions of its 20,000-plus retired public employees? There is for sure the distinct possibility they could be reduced substantially or even eliminated. In ...

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