Banking industry
The city of St. John has acquired a former NationsBank building at 8944 St. Charles Rock Road for its new city hall, following the merger of NationsBank and Boatmen's Bank, which left a surplus of 78 buildings. The 55,000-square-foot building, constructed in the 1950s, was previously the
Banking industry
A recent survey conducted by The Executive Committee of Florida found that 83% of business leaders in the state are concerned about the acquisition of Barnett Banks Inc. by NationsBank. The poll of 300 CEOs found that half the respondents believe the merger will reduce competition and lead to a
Banking industry
The Jacksonville Chamber of Commerce recently honored I.M. Sulzbacher and Rear Admiral Kevin Delaney for their community service, recognizing Sulzbacher as the Distinguished Citizen of the Year and Delaney with the Community Service Award. Meanwhile, the 37-story Independent Life building is set to undergo a name change, with the
Banking industry
After over 160 years as a prominent fixture in Jacksonville's legal community, Mahoney, Adams & Criser is ceasing operations today and will re-emerge Friday as a branch office of the Richmond-based law firm McGuire, Woods, Battle & Boothe. This merger marks a significant expansion for McGuire Woods, which
Banking industry
As the banking industry undergoes significant changes, particularly with the merger between Barnett Banks Inc. and NationsBank, outplacement firms are struggling to stay afloat. The high employment levels of the 1990s have led to a decline in demand for their services, forcing some companies to close offices and rebrand. At
Banking industry
Australia's big banks, after years of dominance in Asia by ANZ Bank, have shifted their focus to the region in a bid to tap into the rapidly growing economies of the Tiger economies. ANZ International's profitability has doubled in the past five years to $321 million,
Banking industry
Michigan National Bank, a prominent financial institution in Michigan, has been recognized as the 1996 Michigan SBA Lender of the Year by the Small Business Administration. This prestigious award acknowledges the bank's commitment to facilitating business growth and development in the region. The bank's dedication to
Banking industry
The release of 116 pages of billing records by Hillary Clinton's lawyers has revealed significant details about her involvement with Madison Guaranty Savings and Loan, including approximately 60 hours of work she performed for the failing institution. The records, which were "discovered" in a White House
Banking industry
Federal employees facing financial hardship due to the current budget impasse are receiving assistance from several Memphis-based banks. NationsBank, Union Planters Bank, and First Tennessee Bank have announced policies to help furloughed employees by temporarily waiving or deferring loan payments, while Leader Federal Mortgage is working on a case-by-case basis
Banking industry
The UAE's unofficial stock market, tracked by the National Bank of Abu Dhabi 27-share index, has reached record levels since 1988, with a 11.6% increase in 1995. The index stood at 2136.4 points, its highest level since the market began. The surge in profits made by
Banking industry
In the closely watched merger battle between Wells Fargo & Company and First Bank System for the right to acquire First Interstate Bancorp, the Securities and Exchange Commission (SEC) is set to play the crucial role of arbiter in deciding the accounting treatment for the proposed deal. The SEC'
Banking industry
The International Monetary Fund (IMF) has approved a second annual loan for Togo under the Enhanced Structural Adjustment Facility (ESAF) worth special drawing rights (SDR) 21.7 million, approximately $32 million. This loan is part of Togo's 1995-96 economic reform program aimed at restoring sustained economic growth and
