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Tag Archives: finance

Lawmakers, small businesses take steps to blunt IRS rule

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By JACK WEATHERLY  Lisa Cochran, owner of two hair salon and spa shops called The Studio in Hattiesburg, said that she has been helping her employees for years by contributing $50 a month toward their health coverage premiums. Then she saw an article in the Mississippi Business Journal and has taken steps to avoid a calamity. She realized that she ...

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(VIDEO) ALAN TURNER — Regions Bank knocks one out of the park

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Regions Bank has just been recognized as the No. 1 bank in the United States in the Banking Reputation Rankings, which are published by the Reputation Institute and American Banker Magazine.  That’s a definite home run for the regional bank, especially when compared with where things stood in the aftermath of the financial crisis of 2008 and 2009. I met ...

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Credit union regulator moving to ease business lending rules

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By TED CARTER Lawyers for the credit union industry say the National Credit Union Administration’s proposal to loosen business lending rules for the industry amount to a deserved removal of its training wheels. Bankers, to the surprise of no one, including the membership of the Mississippi Bankers Association, are not happy. They see the proposals as an encouragement for reckless lending ...

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MARK BLACKWELL — Rising rates and falling markets?

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Two points of prevalent financial wisdom are that (1) after nine years without a rate hike, the Fed will begin a long process of nudging interest rates higher by raising the Fed Funds Rate in September and that (2) rising rates will trigger a decline in stock and bond markets.  Neither is a foregone conclusion. In two consecutive days in ...

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BancorpSouth’s stalled acquisitions may signal new hurdles to bank M&A nationally

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  By TED CARTER Bankers nationwide worry that regulators have significantly raised the bar for merger-and-acquisition approvals after regulatory snags caused back-to-back delays in BancorpSouth’s acquisitions of banks in Louisiana and Texas. The Wall Street Journal noted in its MoneyBeat column July 1 that while the two deals are relatively small, “the delay is notable because it may play into bankers’ ...

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IKE TROTTER — Planning is vital for small businesses

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Here in Mississippi and, in particular, the Delta, small businesses are the backbone to our economy. And, equally as important, small businesses can be the glue that brings children back home to run and eventually succeed in the ownership of a business. But, as many know, running a small business today involves a great deal of risk. Needless to say, ...

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MARK BLACKWELL — A trip abroad may be cheaper this year

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  If your family is like mine, you may be in the habit of vacationing in the same stateside location summer after summer.  There is a lot to be said for sticking with what’s familiar – locales where you know you will find amenities that everyone has enjoyed in the past and would likely enjoy again.  However, this may also ...

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(UPDATE) Mississippi seeks its own reckoning with JPMorgan over illegal debt collections

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By TED CARTER Mississippi joined California in staying out of a legal settlement announced Wednesday by which JPMorgan Chase will pay 47 states and the federal government $125 million for illegal consumer credit collection practices. The settlement announced by the U.S. Consumer Financial Protection Bureau and the attorneys general of several states also includes $50 million in restitution to credit card ...

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BancorpSouth delays acquisitions yet again; Renasant completes Heritage takeover

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Regulatory snags have once again delayed Tupelo’s BancorpSouth Inc. acquisitions of Ouachita Bancshares Corp. of Monrore, La.,  and Central Community Corp. of Temple, Tex. Meanwhile, Tupelo’s Renasant Bank has completed its takeover of  Heritage Financial Group Inc., a bank holding company headquartered in Albany, Ga. and the parent of the $1.9 billion HeritageBank of the South, a Georgia savings bank. ...

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