Small business owners in Nevada are bullish on the economic prospects for the state and nation, and the election of Donald Trump as president has buoyed that outlook.
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The asset quality for Nevada’s locally chartered banks continued to improve in the first quarter of 2016, according to data released by a federal agency.
The financial industry has learned from the Great Recession and downturn that resulted from the real estate collapse and is better for it today. That’s the message from Nevada State Bank CEO Dallas Haun, who said the 56-year-old institution took a broader approach when it was reorganized in 2010; and that model has served it well since.
Indexes that measure the future of the Las Vegas in the coming months are headed in the right direction, according to a report from the Center for Business and Economic Research at UNLV.
American investors are more optimistic in the financial markets after a rocky first quarter, according to a new survey from Wells Fargo and Gallup.
Jerry Wise, owner and chairman of Santa Clarita, California-based Brad Management, a commercial real estate management and investment firm, took on part of the funding for his purchase of Rocksprings Plaza retail center at 7175 W. Lake Mead Blvd. last year through a crowdfunding platform.
It’s no secret that people are turning to digital capabilities to stay connected to their daily lives, and banking is no different. We’re seeing more customers choose to manage many of their everyday banking transactions — such as depositing checks, checking balances and transferring money — through their mobile devices, online or at ATMs.
Andreea Porcelli founded Monaco Growth Forums, an exclusive, invitation-only conference highlighting growth companies seeking capital and greater exposure.
Wells Fargo has launched a program to help first-time homebuyers and those with low-to-moderate incomes to become homeowners.
Community banks around the valley took a huge blow during the recession. But they’ve been staging a comeback in recent years.
A generational divide between millennial small business owners and their older counterparts exists in their long-term commitment and the financial risks those owners are willing to take, according to the recently released Wells Fargo Millennial Small Business Owner Study.
MGM Resorts International CEO Jim Murren tops the Business Press’ executive compensation list this year, up from ninth place last year. While his $2 million base pay and bonus ranked fourth, value realized from company stock made the difference.
I am often asked by business owners how to generate additional cash, beyond what their own company’s cash requirements are, to make an acquisition, expand into new territories, hire additional staff or buy a new plant and equipment. All of these growth scenarios take significant cash. Since many companies have existing debt, their borrowing capacity is often limited. Therefore, generating additional cash strengthens a company’s balance sheet permitting the company to increase its credit facility.
No business epitomizes surviving the Great Recession in Southern Nevada than Town & Country Bank, which now considers itself well-positioned in the recovering economy.
Southern Nevada small-business owners facing balloon payments on their real estate loans are about to get some much-needed relief.
Dominic Ng sees the manufacturing job growth potential in Nevada. His one big concern and advice is that the state needs to improve its educational system to make that happen.
As banking online and on mobile devices reaches record levels, Bank of America continues to beef up its employment at its Summerlin digital contract center.
When people ask franchising star Donna Curry where she earned her degree, she is quick to reply, “The School of Hard Knocks.” But the lack of college education did not stop her from setting goals and putting forth the hard work needed to achieve success.
While the new EMV chip credit and debit cards are struggling for implementation, a new technology is beginning to replace the use of the actual plastic credit card altogether.
Dominic Ng and his East West Bank have placed a bet on Las Vegas, and he sees it paying off big.
Total gross revenue for the 11 Las Vegas Valley-based companies with more than $1 billion in revenue decreased during the fiscal year ending in 2015 to $51.1 billion, down 8.3 percent from the previous year’s $55.7 billion, but total net income for the companies rose 248.7 percent from $2.08 billion to $7.26 billion.
If you grossed an 8 percent return and netted 7 percent after tax, is that better than grossing a 14 percent return and netting 7 percent? All things being equal, the 8 percent gross return is going to be better because it assumes you took less risk to get the same net return. Normally the goal is to get the highest rate of return with the least amount of risk. I am going to change that thinking and instead say, “Your goal is to get the highest NET AFTER TAX rate of return with the least amount of risk.”
Wells Fargo recently announced the launch of its FastFlex Small Business Loan program in its continued effort to focus on smaller firms.