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Confidence, expected cost increase spurs business borrowing
January 29, 2017 - 11:08pm
Bolstered by optimism in the economy in 2017 and concerns the Federal Reserve will continue to hike interest rates, Southern Nevada businesses are looking to borrow for growth and expansion plans, according to bank executives.
Issues shaping Las Vegas banking industry in 2017
January 16, 2017 - 12:51am
The Las Vegas Strip has reopened now that the fireworks and 2016 are officially in the books. Now, it’s time to look forward and consider what this year might hold for the local banking industry.
Wells Fargo addresses fraudulent accounts
January 1, 2017 - 9:00pm
Wells Fargo said it’s reimbursed nearly 3,200 accounts in Nevada suspected of being fraudulently set up, but consumer advocates and lawyers continue to criticize the banking giant from blocking customers’ attempts to file a class-action lawsuit.
January 1, 2017 - 9:00pm
The final report is in and the U.S. Department of Agriculture has invested $1.35 billion in rural Nevada since 2009, according to report from its Rural Development office.
The Cosmopolitan pays off debt early
November 27, 2016 - 9:00pm
In a sign of good financial health of The Cosmopolitan of Las Vegas, its ownership has paid off an $875 million two-year loan, which was used to acquire the property some two months ahead of schedule.
November 27, 2016 - 9:00pm
The Nevada Bar Foundation and 29 local financial institutions are working together to support organizations that provide legal services to the more than 1 million state residents who qualify for legal assistance during a legal crisis.
Las Vegas sees increase in mobile pay offerings
November 27, 2016 - 9:00pm
Consumers shopping at Wal-mart and Sam’s Club stores in Southern Nevada will have a new way to pay beginning next year as the retailer continues to expand its payment options.
November 27, 2016 - 9:00pm
Real estate projects in downtown Las Vegas and other traditionally underserved areas could benefit from millions of dollars in tax credits awarded through a federal program aimed at enticing private investment in low-income areas.
Las Vegas business leaders examine election’s economic impact
November 13, 2016 - 10:06pm
Nevada was born in the fray of national politics on Oct. 31, 1864 — rushed into statehood by unionists working to solidify the re-election of Abraham Lincoln in the presidential race only two weeks later. The “Battle Born” state came under the national political spotlight again Tuesday, both for its coveted six electoral votes in the presidential race and a senate contest considered strategically important by both parties. Nevada ultimately bucked the national swing state trend by choosing Democrats in both races, but results from the 2016 vote are expected to have long-range economic ramifications for the state. The Las Vegas Business Press spoke with local leaders from industry and the academic world about what the election will mean for the state of business in the region.
November 6, 2016 - 9:00pm
Nevada credit unions continue to post increases in business loans, hitting $6.4 billion in outstanding loans as of June 30, a figure not seen since 2010, according to the Nevada Credit Union League. The outcome of a lawsuit against the National Credit Union Administration (NCUA) could see that figure rise even higher.