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Detroit neighborhood revitalization program Motor City Re-Store reworks strategy
Kurt Nagl - The city program has distributed only $10,000 of the $630,000 it awarded since it began last year. Under new leadership, it is looking to address barriers to project completion.
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United Shore bets on costly amenities at new Pontiac headquarters
Annalise Frank - The mortgage lender spent $45 million for renovations, including $17.3 million in design features aimed at breeding loyalty and workplace satisfaction.
View ArticleTeens in Detroit jobs program to learn financial literacy
Associated Press - A Bank of America financial education summit will teach 130 teens how to manage a paycheck and better money habits.
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Chemical in for city banking; who's out?
Crain's Detroit Business - Flash back to 2007: Comerica Inc. stunned its hometown when the bank announced it would move its headquarters to Dallas.
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Seven credit unions go in together — to form a bank
Dustin Walsh - The new bank is the first in Michigan since regulatory changes to banking code allowing trust services.
View ArticleLondon-based Vitesse Media to buy InvestmentNews in $27.1 million deal
InvestmentNews - The acquisition of the Crain Communications Inc. publication marks the UK company's first foray onto the U.S. media landscape.
View ArticleState closes Detroit-based credit union for 'unsafe' practices
Kurt Nagl - Greater Christ Baptist Church Credit Union, which has 396 members and $608,000 in assets, was closed Tuesday by the Michigan Department of Insurance and Financial Services.
View ArticleUniversity of Michigan considers less public investment process
Mary Romano and Janet LorinBloomberg - The potential switch comes after an outside auditor said the process impedes the staff's ability to move quickly on investment opportunities.
View ArticleFinancial adviser in Birmingham charged with stealing $3.7 million from clients
Kurt Nagl - John Maccoll, who worked at UBS Financial Services Inc., appeared in court Friday on charges of running the investment scam from 2010 to last March.
View ArticleLJPR Financial Advisors merges with Ohio-based investment firm
Tyler Clifford - Now managing $4.9 billion in assets, Sequoia Financial Group seeks to expand its reach in the Midwest.
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