Thursday, January 23, 2014

Bank of America sponsoring Charlotte financial incubator

Bank of America has lent its name and a number of its executives to a new initiative out of the Packard Place that aims to make the city the "financial services innovation hub of the world."

The group hopes to leverage Bank of America's connections and resources and Charlotte's low-cost of living and workforce to encourage developing financial start-ups to locate here.

Five current and former Bank of America executives will serve as financial mentors. Another 30 business leaders will also help consult with finance industry entrepreneurs. 

The effort follows an earlier undertaking to make Charlotte into a payments hub, a Packard Place-affiliated group at the intersection of finance and technology.

CAPITAL GUARDIAN INKS DEAL WITH BOSTON ADVISOR: The Charlotte-based wealth manager will bring in 600 clients and $150 assets under management with its deal with Compass Capital Corp. of Boston.

CMCU HONORS TWO MORE 30-YEAR VETERANS: Charlotte Metro Credit Union CEO Bob Bruns hit his 30-year mark a few months ago, but two others were recognized this week for their long service to the credit union as well: Chief Financial Officer Karen Pellow and community ambassador Shirley Floyd.

****This is a preview of The Charlotte Observer's Bank Watch Morning Report, bringing you banking news from the region, the top financial headlines, and the news driving activity in the Charlotte market. Sign up or find out more here.****


Garth Vader said...

Will they teach attendees how to illegally front-run client trades?