Staff Writer -
Robin Roberts took a seat under some bright lights and the video cameras started rolling. Roberts, the president of Pikes Peak National Bank, talked about the thing she loves most: community banks’ relationship with small businesses. Community banks are small businesses themselves, she said, so they know the challenges and the needs that come with […]
The Associated Press General Motors Corp. today reported a $38.7 billion loss for 2007, the largest annual loss ever for an automotive company Executives said the company will make a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help. The earnings report and buyout offer […]
In the past, long-term financial strategy used to encompass keeping a broad-based portfolio to garner moderate risk and moderate returns, said Kevin P. Sullivan, financial adviser with Sullivan & Associates. But much has changed in the economy, and Sullivan & Associates now uses a modified core satellite strategy. “There are risks out there that cannot […]
The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the rules, which were mandated under the financial overhaul passed by Congress last year. They are designed to […]
Many baby boomers are waiting to retire. Or perhaps it’s more accurate to say that they are waiting for their income stream to allow them to retire. But after the stock market’s nerve-wracking decline during 2008, many are skittish about investing in equities. A Center for Retirement Research at Boston College study showed that aside […]
Colorado Springs is about to get a new bank, led by a few familiar faces. Tim Stack, formerly of Wells Fargo in Colorado Springs, and Steve Ingham, most recently with Kirkpatrick Bank, are leading the effort to break Denver-based Colorado Business Bank into the Springs market. Stack is the bank’s local president, and Ingham […]
The cyberspace world and blogs have brought awareness to topics ranging from widgets to world news — and the world of investments is no exception. Here is a list of investment blogs I stumbled upon that had some valuable information, or just gave me a good laugh.
Rob Slee was the keynote speaker at the inaugural Private Capital Markets Conference held Tuesday at Cheyenne Mountain Resort. Slee is managing director of Robertson and Foley, and an adjunct faculty member at Loyola University. He has written several books and hundreds of articles about private finance. The conference was sponsored by BiggsKofford, The Jensen Group at Smith Barney and U.S. Bank.
A California company has been sanctioned by the Colorado Division of Securities for allegedly violating state law. The company named in the cease-and-desist order is BB&M International Corp. Also named are AmIraq Fund and the CEO of both companies, William Burbank. The companies are headquartered in Coronado, Calif. The division alleges that Burbank was promoting […]
The U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in FY 2012, supporting $30.25 billion in loans to small businesses. That amount was surpassed only by FY 2011, which was heavily boosted by the loan incentives under the Small Business Jobs Act of 2010. In Colorado, the trend in SBA-backed […]
What would happen to your business if, for instance, a water main broke nearby and employees and customers could not access your building for 10 days? Many entrepreneurs are so busy with the day-to-day responsibilities and challenges of running a business that they forget to prepare for the inevitable. And, no, that’s not being pessimistic.
Pot purveyors in the state and across the country may soon bid farewell to money mattresses and cash-only transactions. Two pieces of legislation introduced in Washington during this session have the potential to allow banks to offer their financial services to medical and recreational marijuana businesses in 23 states and the District of Columbia. Despite […]