Richmond is losing another public company HQ, but this one had a small footprint here.
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.
What happened to severance pay?
After paying bonuses to management even as the bank hemorrhaged millions in 2009, a Glenn-Allen based bank is now cutting two managers and paying them no severance package.
Money launderers beware
Those committed to thwarting money laundering in Richmond now have their own club to join.
Pay Day for blowing whistle on big pharma
After eight years of battle, a former pharmaceutical sales rep and his lawyer defeated a giant drug company that paid kickbacks to doctors. And now they have a cut of the $313 million settlement coming their way.
Trading Day: Inside the SEC filings of local public companies for 9.16.10
Lots of moves this week at local banks. Plus a hotel REIT keeps on buying.
Markel goes shopping in Bermuda
Markel Corp. has acquired an entity that insures livestock and horses from a Bermuda-based insurance company.
Two local banks get lowest rating
Two local banks were among the lowest-rated financial institutions in the state, according to bank and credit union ratings released last week. But both banks are trying hard to fix the situation ASAP.
Business bank’s parent raises capital
The parent company of a Raleigh, N.C.-based bank that does business locally raised $5 million in a recent offering.
Bank CEO steps down, cuts coming
A Glen Allen-based bank said late Thursday its CEO stepped down effective immediately and that it is cutting 10 percent of its workforce.
Monday Q&A: Life after Circuit City
While working as vice president of TV merchandising at Circuit City, Tom Crowell saw the writing on the wall. Last week he talked with BizSense about life after Circuit City and running a small business.