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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.

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London-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.

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State 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.

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University 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.

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Financial 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.

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LJPR 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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