Banking & Finance

Private equity, lenders, investments, credit unions and financial planning

ARTICLES

New rule changes how financial statements look

Some governmental entities will appear to be in the red.

May 22, 2015
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

GE Aviation supports Ex-Im Bank

The federal agency will expire July 1 if Congress does not renew it.

May 22, 2015
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

Credit union doubles downtown presence

May 20, 2015
A credit union is moving to expand its presence in downtown Grand Rapids and investing in the local market. Read More

Charter Capital Partners names managing director of new practice

May 20, 2015
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

Another $600K to Michigan for first-time homebuyer grants

It’s a remainder of the National Mortgage Settlement, and it won’t last long.

May 15, 2015
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

South Bend firm acquires 20 parcels

May 15, 2015
A 20-asset real estate portfolio in the Grand Rapids area, which includes four retail shopping centers and covers a total of about 270,000 square feet of land, now has a new owner. Read More

GR Merrill Lynch team honored

Barron’s rated group among Michigan’s top institutional consultants.

May 15, 2015
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

Dems propose tax breaks for mid-, low-income families

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

Law firm with expertise in financial sector comes to GR

Talcott Franklin made a name for itself suing money center banks during financial crisis.

May 15, 2015
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

Reverse mortgage market grows with aging population

A higher level of debt in retirement is also a driving factor.

May 15, 2015
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