Banking
Regions Bank Takes Steps To Be Autism-Friendly
Regions Bank recently announced efforts to make its 1,500 branches autism-friendly. It's something many businesses across the country are doing. But there isn't a one-size-fits-all approach.
Birmingham’s Construction Boom: How Long Can it Last?
Birmingham Business Journal editor Ty West evaluates Birmingham's construction boom over the last few years.
Regions Part of an Industry Rethink of the Bank Branch
Online banking haven't made the bank branch obsolete, but banks are rethinking how they use their brick-and-mortar locations.
Changes To How Banks Pay Taxes In Alabama
Birmingham Business Journal reporter Michael Seale discusses two bills in the Alabama legislature that would change how banks pay state taxes.
President Trump and Alabama’s Economy
We talk about what may happen for Alabama's economy under the Trump Administration in this week's Magic City Marketplace.
What will 2017 Bring for Birmingham’s Economy?
The new year is just two days old but businesses are eager to see what 2017 brings. We talk about what is expected in the Birmingham area economy this year in Magic City Marketplace.
What a President Trump Means for Business
President-elect Donald Trump won the election on a promise to make America the best place in the world to do business. But apart from backing away from trade deals, the specifics of what a Trump Administration would do for the business community are still unclear. We get a sense of what might be coming in this week’s Magic City Marketplace.
Where Clinton and Trump Stand on Business Issues
We’re less than 60 days from the presidential election. It’s been a roller coaster of a campaign already between Republican Donald Trump and Democrat Hillary Clinton. But there are issues beneath the headlines and we look at some of the issues of importance to the business community in this week’s Magic City Marketplace.
Birmingham’s Climate for High-growth Companies
The idea of starting or growing a business is pretty straightforward – an entrepreneur takes money and through hard work develops products or services to bring to the marketplace. But not all marketplaces are equal. This week in Magic City Marketplace we have some perspective on how well Birmingham is for entrepreneurs and companies trying to scale up quickly.
A College Football Edition of Magic City Marketplace
University of Alabama fans are pulling for a win in tonight’s national college football championship game in Phoenix. Meanwhile, Auburn University finished its season much closer to home in the Birmingham Bowl last month. This year’s bowl game drew almost 60,000 to Legion Field. That’s something city leaders cheered, but they also put a lot of money into the game. We talk about that this week’s Magic City Marketplace.
What Will 2017 Bring for Birmingham’s Economy?
We talk about what is expected in the Birmingham area economy in this week's Magic City Marketplace.
The Decline of Bank Branches
Banking, like many industries, has seen technology-driven disruption. The latest victim of change is the neighborhood bank branch. With people writing fewer checks and many bank services available through a smart phone, demand for a brick-and-mortar building is dropping. We talk about that in this week’s Magic City Marketplace.
Small Alabama Banks Move to Birmingham
Birmingham has seen some big names in banking from Wells Fargo to PNC to come into the city in the last decade. But it’s also attracting small banks from around Alabama who hope to gain a foothold in the city. We hear about that, changes to Medicare and a bike sharing program comes to Birmingham in this week’s Magic City Marketplace.
Alabama Economy: Regions Bank
This September is a month economists will remember like it or not. Fannie Mae, Freddie Mac, Lehman Brothers, Washington Mutual, Wachovia - it seems financial giant after giant just kept falling. Then yesterday, Birmingham-based Regions' stock plunged more than 40%. So what does this mean for our corner of the banking system? As we continue our series on the Alabama Economy, WBHM's Andrew Yeager looks at how Regions Bank is weathering the storm.
Banking Woes
It's been a sour housing market of late with rising mortgage defaults and consumer debt. And big banks have been feeling the hurt too. Birmingham's Regions Financial reported second quarter profits are down by more than 50% and cut their dividends by an even higher percentage. Charlotte, N.C.-based Wachovia had losses approaching $9 billion and is cutting more than 6,300 jobs nationwide, including some jobs in Alabama.
Small Banks
As mega banks merge with other mega banks to form super mega banks, there's a counter-trend that may be somewhat surprising. Increasingly, career banking professionals are leaving the big guys to start their own community banks. Les Lovoy reports on how this phenomenon is changing the face of banking in Birmingham.
Economic Irony
NPR News and Classical Music for North Central Alabama
