banks

Former Central Intelligence Agency operative and local author T. L. Williams said government leaders are overlooking a national security threat.

EverBank building
John Burr

Jacksonville-based EverBank, the largest bank based in Florida, is being sold to a company called TIAA.

In this week’s Business Brief, WJCT Business Analyst John Burr tells News Director Jessica Palombo the positives of the sale for Jacksonville should outweigh the negatives.

Business Brief: Interest Rate Hike Good For Business

Dec 21, 2015
$100 bills
Frankie Leon via Flickr

The Fed raised interest rates last week after six years of historically low rates.

In this week’s Business Brief, WJCT Business Analyst John Burr tells News Director Jessica Palombo what that means for people on the First Coast. 

Regions bank exterior
Google Maps

Regions Bank has been expanding its presence in Jacksonville over the past year, and now it’s taking another step forward.

Glynn County Detention Center

STATESBORO, Ga. (AP) — A judge must decide whether a former Georgia banker accused of stealing millions from investors should be freed on bond after he spent the past 18 months eluding authorities.

Aubrey Lee Price is scheduled to appear Wednesday for a bond hearing before a federal magistrate judge in Statesboro.

Authorities say the 47-year-old Price misspent, embezzled and lost $21 million before he vanished in June 2012, leaving letters that indicated he planned to commit suicide.

The polar vortex, Marissa Alexander, and Gov. Rick Scott are in the headlines today.

JPMorgan Chase & Co. will pay $4 billion to consumers who were hurt by faulty mortgage underwriting, part of a larger $13 billion deal to settle the bank's liability in the collapse of toxic securities during the housing crisis.

The deal is expected to be announced this week.

JPMorgan Chase announced that it reached a $5.1 billion settlement with the Federal Housing Finance Agency, which is a conservator for the mortgage giants Freddie Mac and Fannie Mae.

The Wall Street Journal explains: