Banking & Financial Services News

DBJ Confidential

Where do DFW residents rank in the U.S. for budgeting their money?

In a study released Wednesday, financial research site WalletHub ranked 150 metropolitan statistical areas by how well their residents set aside and spend money. DFW came in right in the middle, ranking 70th.

Washington Bureau

6 things you should know about business in this $4 billion election

Businesses and their trade associations are helping the 2014 campaign become the most expensive midterm election ever, and Republicans are benefiting the most. But there are some noteworthy exceptions.

DBJ Confidential

​Behind the Teladoc deal: How we inked Texas' second largest VC investment in Q3

Teladoc Inc., a Dallas-based company that provides telehealth services, raised $50.25 million in venture capital from a group of investors.

REDI moves into 10,000-square-foot Plano office

The space will allow the company to double its current staff of 30 employees as it continues to grow. It also serves as a full disaster recovery site, meaning REDI can run its entire global network from the location, if necessary.

Morning Edition

Judge delays Oncor bidding in Energy Future Holdings bankruptcy

The bidding was to begin on Oct. 23, but the judge says he wants to hear from more creditors.

SP Bancorp acquired by Houston bank for nearly $50M

Green Bancorp Inc. acquired SP Bancorp Inc. for $47.99 million and $29.55 per share for SP shareholders.

How-To: Funding

3 do's and 3 don’ts after you land VC funding

Venture capital funding can catapult a business to new levels, but along with it can come a new set of challenges.

Washington Bureau

Existing homes sell at highest pace this year

Sales of existing homes rebounded in September as interest rates remained low -- and stock market volatility may keep mortgages cheap in the coming weeks, says the National Association of Realtors.

Staples warns of possible breach affecting customer credit cards

The Framingham, Mass.-based company is already assuring customers that they are protected and not responsible for any fraud, should its investigation pinpoint any criminal activity.

Facing $400M judgment, Samuel Wyly seeks Chapter 11 bankruptcy

The Dallas businessman was found liable by a federal jury for using offshore trusts to conceal stock holdings and evade tax liabilities.

IBM sells semiconductor technology unit for $1.5B, reflects $4.7 billion charge in Q3 results

IBM is divesting another business and selling it to a Bay Area-based company for $1.5 billion.

Texas adds 36,400 jobs in September, DFW unemployment rate drops

Texas added 36,400 jobs in September, around 15,000 more than it tacked on in August.

By the numbers: Texas ranks as 20th richest state

By the numbers: Texas ranks as 20th richest state

North Texas touts second largest VC deal in Q3

Teladoc Inc., a Dallas-based company that provides telehealth services, raised $50.25 million in venture capital from a group of investors.

Allen beefs up economic development team with Ellis' hire

The Allen Economic Development Corp. has named David Ellis as the group's assistant director of economic development, marking the latest move as cities prepare for continued business growth.