Michael Schwartz

Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.

Another headache for Apple

For the second time in two weeks, a local REIT has been sued by investors in a class action lawsuit.

A $270M reason to close a deal

There is more than one reason for Capital One to make sure it closes its pending acquisition of ING Group’s online banking businesses. Try 270 million reasons. According to a recent report in the Washington Business Journal, the deal between Capital One and ING includes a $270 million termination fee. That means Capital One would be… Read more »

Chesapeake moves inland

For the third time in recent weeks, an out-of-town community bank has said it wants a piece of the action in Richmond.

More furloughs at Media General

Media General told its employees Thursday that they must take 15 unpaid days between now and the end of the year.

Wanted: Disgruntled investors

Questions about the financial state of a local REIT have class action attorneys across the country smelling blood.

Local banks get rated

Richmond remained home to two of the lowest rated banks and one of the lowest rated credit unions in Virginia through the first quarter, according to ratings released last week.

Law firms next to swing at Apple REIT

Apple REITs Nine and Ten, two local REITs whose sister funds are under increasing scrutiny, are seeing some of the controversy spill over in their direction.

DealFlow: M&A roundup for 6.18.11

Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition. To make sure your deal is included in the monthly round-up, email [email protected].