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Tag Archives: 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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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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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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BILL CRAWFORD: State economy struggles to hit half the national growth rate

State economists lower forecast for remainder of year,” read the Mississippi Business Journal headline on October 27th. “Mississippi’s state economists have pulled back on an already-weak economic forecast for the rest of 2016, projecting that the state’s economy will grow only 1.5 percent instead of the 1.6 percent previously predicted,” said the story.   “U.S. economy roars back, grew at ...

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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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