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  • Pension-plan recovery hit a wall in Jan.

     The recovery of U.S. corporate pension plans hit a wall in January when the funding deficit climbed to $263 billion, according to estimates by Mercer, a unit of Marsh & McLennan Companies Inc.

  • SquareTwo Financial names CFO

     Heath Sampson has joined SquareTwo Financial as chief financial officer, the Denver asset recovery and management company said Monday.

  • InvestForLess launches discount online investment portal

     Registered investment advisory firm InvestForLess, which has executive offices in Alexandria, has launched an online investment portal touting low costs, the company announced Monday.

  • Prosperity Bank to buy First Bank's Texas branches

     Prosperity Bank has sign a deal to acquire the Texas branches of First Bank for about $27.5 million. (PRSP)

  • Prosperity seeks to become bigger Texas-based bank

     Prosperity Bank has agreed to buy the Texas retail operations of First Bank as part of a strategic move to increase its overall holdings in Texas. (PRSP)

  • Wells Fargo to hire 1,400 brokers

     Wells Fargo & Co. plans to hire 1,400 brokers this year, Reuters reports. (WFC) (BAC) (MS) (C)

  • SAS makes another sale to Mitsuibishi unit Union Bank

     Cary-based SAS Institute has reached a deal with Union Bank in which the financial institution will use SAS software to assess and manage operational risks, the companies announced Monday. (MUG)

  • Prosperity Bank buys up First Bank branches

     Acquisition-hungry Prosperity Bancshares Inc. has won the bidding war for the Texas branches of a struggling St. Louis-based bank. (PRSP)

  • Anchor BanCorp cutting losses

     Anchor BanCorp Wisconsin Inc. reported that its net loss for the fiscal third quarter was $9 million, or 58 cents per share, just one-eighth of the loss the Madison thrift holding company posted the quarter before because of improving credit quality. (ABCW)

Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com 

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