| Nation’s GDP rises 3.5 percent in third quarter The nation’s real gross domestic product increased at an estimated annual rate of 3.5 percent in the third quarter, the Bureau of Economic Analysis said in an advance estimate Thursday. feeds.bizjournals.com |
Texas billionaire Beal seeks failed Florida bank Federal regulators have granted Texas billionaire and financial executive Andrew Beal approval to form a bank that could acquire a failed or failing Florida bank. feeds.bizjournals.com |
Union Credit Bank to get $15M from new owner Miami-based Apollo Bancshares plans to buy a majority stake of Union Credit Bank and invest $15 million into the Miami-based private bank. feeds.bizjournals.com |
Island Gardens developer agrees to payments The developer of Island Gardens, a long-delayed megayacht marina and hotel project on Miami’s Watson Island, has agreed to pay about $500,000 due the city, opening the door to negotiate an amended development agreement. feeds.bizjournals.com |
Wells Fargo, other lenders give Nicholas Financial more credit Nicholas Financial Inc. executed a new agreement with its consortium of lenders that increases the size of its credit line from $115 million to $140 million. (WFC) (NICK) feeds.bizjournals.com |