Articles

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Shareholder return is rising faster than CEO compensation, our list shows. And that’s without a nay say-on-pay vote

2012-09

A slow ride

The tepid growth of the Top 75's market value reflects the recovery's current sluggish pace.

2012-08

Money for nothing

Cover story: Keith Simmons stacked the deck against his investors in a Ponzi scheme that took in more than $40 million.

2012-08

Solid as a rock

Cover story: Solid as a rock. For decades, that described Bank of Granite. Here’s what caused it to crumble.

2012-06

Too big to fell

It’s been trimmed, but Bank of America still towers over the Financial 100, where its sheer size makes it a sequoia surrounded by saplings.

2012-06

Regional Report Western June 2012

Buddy Greenwood, the former president and CEO of Bank of Asheville, pleaded guilty in May to federal charges of money laundering and wire fraud.

2012-06

Time for a change

The state's tax system, mired in the past, no longer works. But bringing it into the 21st century will take a lot of guts.

2012-05

Regional Report Triangle May 2012

Durham-based SJF Ventures’ third private-equity fund became the first national one to be licensed by the Small Business Administration as an Impact Investment Fund. 

2012-05

All that counts

Up Front: Journalists sometimes mess up, too.

2012-02

Work starts to pick up

Business North Carolina's annual ranking of the state’s largest employers shows many have more jobs, indicating less unemployment ahead.

2012-02

Regional Report Triad February 2012

High-Point-based BNC Bancorp has agreed to buy four banks since March 31, 2010, greatly expanding its market by acquiring smaller regional banks.

2012-02

Hot Stocks 2012

A panel of pros pick the North Carolina stocks they think will perform best in 2012.

2012-01

Occupy your mind

Fine Print: I’ve studied the Occupy Raleigh movement on a daily basis since the protest began but not exactly by choice. I can see the protesters from my desk in downtown Raleigh, and it’s not a matter of my having to take the trouble to look out the window. Thanks to the placement of my desk, I have to go to the trouble not to see them.

2011-12

Regional Report Triad December 2011

“We’ve been growing throughout the whole downturn.”— Daryl Bible, chief financial officer of Winston-Salem-based BB&T Corp., after the bank agreed to acquire BankAtlantic in November. Bible was referring to BB&T’s deposits minus CD accounts, which have fallen off since the recession started in December 2007. But its expansion has come with a price: Its 2009 acquisition of failed Colonial Bank forced it to write off millions of the bank’s nonperforming assets a year later.
2011-12

Regional Report Charlotte December 2011

“Get the heck out of that bank.”— Democratic Sen. Dick Durbin’s advice to Bank of America customers Oct. 3 after it announces it will institute a $5 monthly debit-card fee. Reason: the Durbin Amendment (named for you-know-who) to the Dodd-Frank Act, which limits “swipe fees” — what banks charge merchants for debit-card transactions — and will diminish the nearly $16 billion a year Charlotte-based BofA and others get from them. He makes his comment on the Senate floor.

 

2011-12

Regional Report Western December 2011

In October, Asheville Savings Bank converted from a mutual association owned by its members to a financial institution owned by stockholders, selling more than $55 million of shares through subscription and a community offering. 

2011-12

Thinking the unthinkable

Fine Print: In recent weeks I’ve found myself returning to the idea that Charlotte-based Bank of America will not survive.

2011-11

30 that count

The host of public television’s Carolina Business Review selects the key figures influencing the Tar Heel economy.
2011-10

The Wachovia Way

As one of Tar Heel business’s most famous brands fades away, one of the CEOs who gave it luster recalls what made it shine.

2011-10

Eyes on the prize

The median change in the three-year total shareholder return for the state’s largest public companies was an increase of 49.7%

2011-09