$12.4 billion for Florida Education Finance Program

Florida House and Senate budget writers have agreed to set aside $12.4 billion for the Florida Education Finance Program, the primary mechanism for funding the operations of school districts. House and Senate negotiators need to continue working out details of the education budget plan for the fiscal year starting July 1, 2019. Education, Finance, Florida

Financial crime-spotting algorithm used in new business opportunities

HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can scope out new business opportunities. The system combines data on clients’ banking activities, with public data on company ownership and directorships, to flag desirable potential clients to HSBC staff and offer ways […]

Florida banks to merge

Professional Holding Corp. and Marquis Bancorp, both of Florida, have jointly announced the signing of a definitive agreement to merge in which Marquis Bank will combine with Professional Bank. Subject to shareholder and regulatory approvals, the combined banking institution will have approximately $1.6 billion in assets, making it the 12th largest community bank in Florida. […]

High-deductible health insurance plans

As more Americans are signing for high-deductible health insurance plans, it is changing how families plan for their medical procedures, as well as prompting hospitals to change how they help families plan for their medical bills. Hospitals have had to calculate how to have billing conversations even before patients arrive at the hospital, train some […]