- change ups
Banking & Finance
Private equity, lenders, investments, credit unions and financial planning
Some governmental entities will appear to be in the red.
A new accounting rule issued by the Governmental Accounting Standards Board that takes effect this June, known as GASB 68, will have an impact on local governments’ financial statements — and could make some of them appear in bad financial shape, when the opposite is true. Read More
The federal agency will expire July 1 if Congress does not renew it.
A West Michigan GE Aviation executive has expressed grave concern about the potential demise of the federal government’s Export-Import Bank, created as part of Roosevelt’s New Deal to help American businesses sell their goods and services abroad. Read More
An investment banking firm has hired a woman with 20 years of experience performing and critiquing business valuation services to lead a new practice. Read More
It’s a remainder of the National Mortgage Settlement, and it won’t last long.
The National Mortgage Settlement turned over another $600,000 to the Michigan State Housing Development Authority in April to be used as grants and/or interest-free loans to first-time homebuyers. Read More
Barron’s rated group among Michigan’s top institutional consultants.
The 16-member Veldheer, Long, Mackay & Bernecker Group in Grand Rapids has been selected by Barron’s magazine as Michigan’s top institutional investment team and the seventh-ranked institutional team in the nation. Read More
They want the financial burden shifted back to businesses.
LANSING — Michigan is still catching up after the Great Recession crashed the economy — and for most residents, the 2011 rewrite of the state tax code made things worse, Democratic legislators say. Read More
Talcott Franklin made a name for itself suing money center banks during financial crisis.
A Texas law firm with a history of taking on money center banks during the financial crisis has joined the Grand Rapids community by acquiring a firm in the area. Read More
A higher level of debt in retirement is also a driving factor.
Reverse mortgages — technically known as an HECM or Home Equity Conversion Mortgage — seem to be advertised more frequently these days, and Mike Gruley says there certainly are many more requests for information about them coming in to his company. Read More