NJBIZ - Banking, Finance and Accounting http://www.njbiz.com/section/banking_finance Banking, Finance and Accounting Banking, Finance and Accounting en-us Copyright 2015 NJBIZ Wed, 02 Sep 2015 08:41:56 EST Wed, 02 Sep 2015 08:41:56 EST http://www.njbiz.com/article/20150831/NJBIZ01/150839971&source=RSS Union finding new ways to grow, while bringing diversity to its membership Kevin McCabe is president of the The Carpenter Contractor Trust of New York and New Jersey. He&#8217s been with the union since 2005 is a former commissioner of the New Jersey Department of Labor and Workforce Development. Mon, 31 Aug 2015 13:52:00 EST http://www.njbiz.com/article/20150831/NJBIZ01/150839971&source=RSS http://www.njbiz.com/article/20150827/NJBIZ01/150829813&source=RSS Wells Fargo to open commercial banking office in Metropark Wells Fargo will open a regional commercial banking office in Metropark, it announced Thursday. Thu, 27 Aug 2015 10:31:00 EST http://www.njbiz.com/article/20150827/NJBIZ01/150829813&source=RSS http://www.njbiz.com/article/20150827/NJBIZ01/150829814&source=RSS Financial Executives International names CEO and president Morristown-based Financial Executives International, an association for chief financial officers and other senior level financial executives, announced Thursday it has appointed Andrej Suskavcevic as CEO and president of FEI and the FEI Foundation, effective Sept. 8. Thu, 27 Aug 2015 09:49:00 EST http://www.njbiz.com/article/20150827/NJBIZ01/150829814&source=RSS http://www.njbiz.com/article/20150826/NJBIZ01/150829840&source=RSS Two New Jersey banks merging in 55M transaction A pair of New Jersey banks are joining forces, announcing Wednesday that they have reached a definitive agreement on a 54. 9 million deal. Wed, 26 Aug 2015 10:47:00 EST http://www.njbiz.com/article/20150826/NJBIZ01/150829840&source=RSS http://www.njbiz.com/article/20150825/NJBIZ01/150829866&source=RSS Market's wild ride should remind 401k investors to examine holdings After more than two decades in the finance world, it would take a lot to catch Kevin Mahn off guard. As such, Monday's decline in the stock market wasn't much of a surprise for the president and chief investment officer at Parsippany-based Hennion Walsh Asset Management Tue, 25 Aug 2015 14:16:00 EST http://www.njbiz.com/article/20150825/NJBIZ01/150829866&source=RSS http://www.njbiz.com/article/20150825/NJBIZ01/150829882&source=RSS Prudential Retirement hires new exec to head TRS product team Newark-based Prudential Retirement, a business unit of Prudential Financial Inc. , announced Tuesday that Snezana Zlatar has joined the company as senior vice president and head of product for Total Retirement Solutions. Tue, 25 Aug 2015 09:56:00 EST http://www.njbiz.com/article/20150825/NJBIZ01/150829882&source=RSS http://www.njbiz.com/article/20150824/NJBIZ01/150829902&source=RSS Munich Re promotes two execs to new leadership roles Princeton-based insurance and reinsurance company Munich Reinsurance America Inc. has promoted a pair of executives, it said Monday. Mon, 24 Aug 2015 14:11:00 EST http://www.njbiz.com/article/20150824/NJBIZ01/150829902&source=RSS http://www.njbiz.com/article/20150820/NJBIZ01/150829978&source=RSS Malvern Federal Savings Bank enters N.J. market Malvern Federal Savings Bank, the wholly-owned subsidiary of Paoli, Pennsylvania-based Malvern Bancorp Inc. , announced Thursday that it has entered into the New Jersey banking market by appointing William J. Boylan to head the first New Jersey Commercial Lending Division. Thu, 20 Aug 2015 10:46:00 EST http://www.njbiz.com/article/20150820/NJBIZ01/150829978&source=RSS http://www.njbiz.com/article/20150818/NJBIZ01/150819792&source=RSS 1st Bergen credit union names new CEO The 1st Bergen Federal Credit Union has chosen a new CEO, it announced recently, bringing in a veteran banker to lead it. Tue, 18 Aug 2015 11:55:00 EST http://www.njbiz.com/article/20150818/NJBIZ01/150819792&source=RSS http://www.njbiz.com/article/20150817/NJBIZ01/150819815&source=RSS Clifton insurance services company acquired by Florida firm A Clifton insurance services firm has been acquired by a Florida provider of technology and outsourcing solutions, according to a news release issued Monday. Mon, 17 Aug 2015 15:00:00 EST http://www.njbiz.com/article/20150817/NJBIZ01/150819815&source=RSS http://www.njbiz.com/article/20150817/NJBIZ01/308179993&source=RSS Companies give back, and receive, in campus program Marlon Addison took time out of his schedule to speak to a room of William Paterson University business students on a Wednesday morning earlier this month. It's not as though he considers it a donation of his valuable time, either. It's a part of doing business. Fri, 14 Aug 2015 09:36:00 EST http://www.njbiz.com/article/20150817/NJBIZ01/308179993&source=RSS http://www.njbiz.com/article/20150817/NJBIZ01/308179994&source=RSS St. Michael's move to bring more scrutiny to sale The decision by Saint Michael&#8217s Medical Center in Newark to file for Chapter 11 bankruptcy protection last week may have been intended to force the state&#8217s hand in terms of approving for-profit Prime Healthcare&#8217s purchase of the hospital. Fri, 14 Aug 2015 09:36:00 EST http://www.njbiz.com/article/20150817/NJBIZ01/308179994&source=RSS http://www.njbiz.com/article/20150814/NJBIZ01/150819871&source=RSS Are billable hours going away? Experts differ, but all agree How we pay for legal services is undergoing a big change The recession hit the legal industry hard. Corporations were forced to find ways to cut back on their spending &#8212 and weren't afraid to ask to renegotiate payment structures for the services they used. Fri, 14 Aug 2015 09:36:00 EST http://www.njbiz.com/article/20150814/NJBIZ01/150819871&source=RSS http://www.njbiz.com/article/20150810/NJBIZ01/150819982&source=RSS Software company moving to Piscataway, adding development center to HQ A software provider to the insurance, health care and financial services industries is moving to Piscataway, nearly doubling the size of its headquarters. Mon, 10 Aug 2015 10:12:00 EST http://www.njbiz.com/article/20150810/NJBIZ01/150819982&source=RSS http://www.njbiz.com/article/20150810/NJBIZ01/150819983&source=RSS A recap the growing rivalry between community banks and credit unions The back-and-forth between credit unions and community banks played out in nearly a half-dozen letters on NJBIZ&#8217s Industry Insights blog, spanning more than a month. Here are selections from four submissions from both sides of the debate. Mon, 10 Aug 2015 10:10:00 EST http://www.njbiz.com/article/20150810/NJBIZ01/150819983&source=RSS http://www.njbiz.com/article/20150810/NJBIZ01/308109996&source=RSS Grudge match For years, community banks and credit unions have been duking it out for market share. And now the gloves have come off. Just ask James A. Hughes. Mon, 10 Aug 2015 10:10:00 EST http://www.njbiz.com/article/20150810/NJBIZ01/308109996&source=RSS http://www.njbiz.com/article/20150810/NJBIZ01/308109997&source=RSS Filling a void in the mortgage business It's summertime, and that might otherwise mean a lull in the action for Boiling Springs Savings Bank and its competitors. Mon, 10 Aug 2015 10:10:00 EST http://www.njbiz.com/article/20150810/NJBIZ01/308109997&source=RSS http://www.njbiz.com/article/20150810/NJBIZ01/150819984&source=RSS Family with long history of franchising now looks to tackle burger business in New Jersey For Anthony D'Amore and Thomas Mascia, franchising has always been a family affair. Mon, 10 Aug 2015 09:45:00 EST http://www.njbiz.com/article/20150810/NJBIZ01/150819984&source=RSS http://www.njbiz.com/article/20150810/NJBIZ01/308109998&source=RSS Tuition insurance is coming to Jersey A global insurance provider has just unveiled one of its newest products &#8212 comprehensive tuition insurance &#8212 and it sees New Jersey as a prime target for its rollout. Mon, 10 Aug 2015 09:45:00 EST http://www.njbiz.com/article/20150810/NJBIZ01/308109998&source=RSS http://www.njbiz.com/article/20150807/NJBIZ01/150809832&source=RSS Prudential Investment Management's business in India to expand Newark-based Prudential Investment Management, the global investment management businesses of Prudential Financial Inc. , announced Friday that it has acquired Deutsche Bank&#8217s India asset management business. Fri, 07 Aug 2015 12:03:00 EST http://www.njbiz.com/article/20150807/NJBIZ01/150809832&source=RSS