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.

Local firm lands BP claims work

At least a small chunk of the billions of dollars BP has set aside to pay claims for the gulf oil spill will make its way to Richmond.

Inside the SEC filings of publicly traded companies

CarMax stock jumps 9 percent on solid quarterly earnings, and executives at other publicly traded companies across town exercise stock options. And one bank director sold stock for $0.01 a share. Plus Genworth sells bonds at 8 percent.

The quest to define ‘creditworthy’

A lot has been written in the national media about the ongoing credit crunch. We want to investigate the lending situation here in Central Virginia.

Local bank looks to raise $15M

Central Virginia Bankshares said Friday that it wants to raise up to $15 million to replenish its depleted capital reserves. But the bank will likely not be making many new loans until it is in better financial shape, the company said in an SEC filing.

Insmed gets a warning

Local pharmaceutical firm’s stock has been in the tank and faces being delisted.

The dummy might soon be homeless

An office on the scenic 19th floor of a downtown office building is available for leasing after a Virginia-based investment firm shut down last month. But the dummy sitting in the entrance way is still there, at least for now.

Another Va. bank enters survival mode

The troubled Norfolk-based successor of Bank of Richmond yesterday became the latest bank to enter into an agreement with federal and state regulators by which it must devise a turnaround plan.