A Senate panel is reviewing Facebook’s high-profile stock offering last week amid allegations that the bank handling the IPO may have provided select clients with a negative assessment of the company. A Democratic aide to the Senate Banking Committee says the panel wants to learn more about the initial public offering. The committee [...] [...]
by Associated Press Published: May 18,2012
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Facebook is updating its status to “public company” as its stock jumps in its debut on the Nasdaq Stock Market. The stock opened at $42.05 on Friday morning. It later settled at $39. CEO Mark Zuckerberg smiled as rang the opening bell from Facebook’s headquarters in Menlo Park, Calif. Surrounded by cheering Facebook [...] [...]
by Monica Mendoza Published: May 18,2012
Tags: banking, Colorado Springs, SBA Loans, Wells Fargo
Wells Fargo provided more SBA loans dollars to small businesses in Colorado than any other provider, according to information from the banking giant. In the first two quarters of 2012, Wells Fargo made 117 loans totaling nearly $35.8 million. “It’s a position we’ve held for a number of years,” said Cristie Drumm, Wells Fargo spokeswoman. [...] [...]
by Associated Press Published: May 15,2012
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Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan “helps make the case” for tougher rules on financial institutions, as regulators continue to implement the 2010 law aimed at policing Wall Street. Geithner said that the Federal Reserve, the Securities and Exchange Commission and the Obama administration [...] [...]
by Associated Press Published: May 14,2012
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World stock markets dropped sharply Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards exiting the single currency union. In Athens, Greek party leaders struggled for a ninth day to form a coalition government. As the political wrangling dragged on, markets contemplated the threat that the [...] [...]
by Associated Press Published: May 10,2012
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Investors pulled money from U.S. stock mutual funds and added to bond funds in April as the stock market had its first losing month of the year. But investors were clearly willing to take on some risk, as funds investing in foreign stocks attracted new cash. Investors withdrew a net $5.7 billion from [...] [...]
by Monica Mendoza Published: May 4,2012
Some small business owners say they are having an easier time getting credit now than in recent years. The result of having credit has helped them stay open, hire more people and expand services, according to a Wells Fargo-Gallup Small Business Index survey released this week. Since January, the number of small business owners who [...] [...]
by Monica Mendoza Published: May 3,2012
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The economy – both nationally and locally – is on a slow mend, but no economist in the world is ready to proclaim “mission accomplished,” said a senior economist for Wells Fargo. [...]
by Monica Mendoza Published: April 26,2012
Tags: bankruptcy, Colorado
A Denver-based financial planner has launched a free website for people who may find themselves facing bankruptcy. Kenneth Nierman, owner and principal for Adversity Financial Planners LLC, set up the Center for Bankruptcy Planning website. The site allows free access to short topic questions and informative videos. While bankruptcy laws are federal, and common to all states, [...] [...]
by Amy Gillentine Published: April 24,2012
Tags: course, FDIC, Federal Deposit Insurance Corp., free, new business owners, online, SBA, Small Business, Small Business Administration
Small businesses will soon have a new weapon in their arsenal – a free, online training curriculum for new and aspiring business owners. Sponsored by the Federal Deposit Insurance Corp. and the U.S. Small Business Administration, the program is known as “Money Smart for Small Business.” The training curriculum provides an introduction to day-to-day business [...] [...]
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