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
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 […]
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. […]
If you earn $650,000 per annum, you can save more than $69,700 in taxes per year by moving from New York to Florida. Recent changes to the US tax code have encouraged an increasing number of people to move – taking their cash to lower-tax states like Florida.
VyStar Credit Union (VyStar) has acquired Citizens State Bank (CSB), a Florida state-chartered bank with $280 million in assets. The acquisition began in2019 with a signed definitive agreement. Since that time, VyStar, CSB and the appropriate regulatory agencies have worked closely to finalize the transaction. Acquisitions, Finance, Florida
Microsoft is investing $1 billion in OpenAI and the two companies have formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft’s Azure cloud computing service. Information Technology, Finance
Barneys New York, the luxury department store chain, has filed for bankruptcy protection and put itself up for sale. Barneys plans to slim down to seven stores after closing 15 locations. The retailer, employs about 2,300 people and has been struggling with a a rent increase at its New York store to roughly $30 million […]
Seeking ways to revive its fortunes, J. Crew, the US clothing chain, is reported to be preparing for an initial public offering (IPO) of its Madewell apparel business. The IPO is intended to face competition from e-commerce firms such as Amazon.com as well as brick-and-mortar retailers.
According to a WalletHub study, Florida’s student debt load is lighter than most other states – coming in at #45 in the list which includes the District of Columbia.To calculate that ranking, WalletHub compared twelve relevant metrics like average student debt and employment opportunities for students in each state. The state with the most student […]
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 […]