Federal Reserve Bank of Atlanta rates BBVA Compass “Outstanding” for CRA performance

(Courtesy of Markets Insider) BBVA Compass today announced that the Federal Reserve Bank of Atlanta rated it "Outstanding" for CRA performance for its most recent examination period encompassing 2015 to 2017. The bank achieved "excellent performance" for community development lending and investments, and "high satisfactory" for service, which would translate to an overall "Outstanding" rating. … Continue reading Federal Reserve Bank of Atlanta rates BBVA Compass “Outstanding” for CRA performance

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Black Knight makes $375 million investment in data analytics firm

(courtesy of Jacksonville Business Journal) Jacksonville-based Black Knight Inc. announced Monday its board's approval of a $375 million investment in commercial data analytics firm Dun & Bradstreet. Through the investment, Black Knight (NYSE: BKI) is joining a consortium that is acquiring New Jersey-based Dun & Bradstreet. Black Knight will own less than 20 percent of … Continue reading Black Knight makes $375 million investment in data analytics firm

As FIS turns 50, CEO talks about the history and future of the Jax-based fintech leader

(courtesy of Jacksonville Business Journal) Jacksonville-based Fidelity National Information Systems (NYSE: FIS) is celebrating its 50th year in business. The financial technology company, founded in Little Rock, Arkansas, brought in $2.1 billion in its most recent fiscal year and boasts more than 20,000 clients across more than 130 countries. The Fortune 500 company moved from … Continue reading As FIS turns 50, CEO talks about the history and future of the Jax-based fintech leader

Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years

(Courtesy of cbsnews.com) Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank said, which will result in thousands of job losses at the nation's third-largest bank. Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. The bank currently employs … Continue reading Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years

Vystar employee indicted for embezzlement of $5.4 million

(Courtesy of Jacksonville Business Journal) A former Vystar Credit Union employee,┬áDuane Allen Sikes, has been arrested and accused of perpetuating a "fraudulent scheme to misappropriate $5.4 million," according to an indictment filed Aug. 30 in U.S. District Court. Sikes was a mailroom employee in the credit union's Jacksonville headquarters from 1994 through 2017. He allegedly … Continue reading Vystar employee indicted for embezzlement of $5.4 million