Financial Services
Credit efforts criticized Print E-mail
Wednesday, 02 January 2008

COLUMBIA -- State NAACP leader Lonnie Randolph said that mortgage relief plans should be helping those already damaged by subprime lending standards he called fraudulent and racially discriminatory. Blacks are following the rules of hard work and thrift to achieve the American dream of home ownership, but they have been placed in high-cost subprime loans at higher rates than whites with similar qualifications, he said. “The American dream for too many African-Americans is the American nightmare,” Randolph said.

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S.C. stocks as a whole perform behind nation's largest in 2007 Print E-mail
Tuesday, 01 January 2008

COLUMBIA -- South Carolina’s largest publicly traded companies as a whole trailed the stock performance of the nation’s largest firms in 2007. The stock of South Carolina’s 16 largest companies, measured by annual revenue, dropped by 20 percent in 2007, while the S&P 500 Index rose by 4 percent during the same period. Just four of the S.C. companies -- UCI Medical Affiliates, BlackBaud, ScanSource and SCANA -- saw their stock prices increase.

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Change afoot at credit unions Print E-mail
Tuesday, 18 December 2007
COLUMBIA -- Loose change, rolling around your car, collecting in the sofa and sitting in jars is getting easier — and less expensive — to be traded for dollars. Banks and credit unions always have accepted change, but the process of having to roll pennies, nickels, dimes and quarters ahead of time often is too time-consuming for customers. To ease coin changing, Palmetto Citizens — one of the state’s largest credit unions — recently installed self-service coin machines in all 11 of its offices.

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Accounting firms merge Print E-mail
Friday, 14 December 2007
CHARLESTON -- Three of the Palmetto State’s oldest accounting firms are joining forces. McKnight Frampton CPAs LLC and Schleeter Monsen & Debacker LLP merged with Elliott Davis LLC, effective Jan. 1, the three firms announced today. Financial terms of the merger were not released. Some of those expanded advisory services are in technology solutions, investment, mergers and banking, grants and economic incentives, real estate and others.
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South Carolinians appointed to Federal Reserve Print E-mail
Friday, 30 November 2007

RICHMOND -- Two South Carolinians have been reappointed to the The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors for the Baltimore and Charlotte offices.

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