Juan Esterripa Appointed Head of Commercial Banking at Amerant Bank
Amerant Bank, a community bank headquartered in Coral Gables, named Juan Esterripa to serve as Senior Executive Vice President, Head of Commercial Banking. Esterripa will manage multiple business sectors, including commercial banking, commercial real estate, syndications, specialty finance, and treasury management. He will also promote business development across the bank and drive profitable growth. “We are pleased to
Amerant Bank Earns Lender of the Year Award From U.S. Small Business Administration
The Coral Gables-based financial institution is the largest community bank headquartered in Florida
SFBW Editor-in-Chief Discusses Banking Crisis Fallout With NPR
How will the Miami banking landscape be impacted by the failures of SVB and Signature Bank? Find out below
How Miami-Based Companies Weathered the Silicon Valley Bank Collapse Better Than the West Coast
Jeff Ransdell, managing director and founding partner of $700 million Miami-based VC firm Fuel Venture Capital, talks about Miami’s start-up landscape and the responsiveness of the federal government
The Bank Scare: Mason Williams, Chief Investment Officer of Coral Gables Trust, Breaks It Down and Suggests What This Will Mean for South Florida’s Banking Landscape
Why did this happen? At the core, imprudent and reckless government monetary, fiscal and regulatory lead to macroeconomic imbalances. Some banks, such as SVB were caught in the rapid flux between low-interest rates and high-interest environments. They had made imprudent investment decisions that matched long-term investments with short-term deposits. It is a sad and often
Elizabeth Warren Says “I Told You So,” About the SVB Meltdown—Just Days After Torching Jerome Powell on Interest Rate Hikes
In a scorching March 13 op-ed in The New York Times, Sen. Elizabeth Warren didn’t pull any punches: “No one should be mistaken about what unfolded over the past few days in the U.S. banking system: These recent bank failures are the direct result of leaders in Washington weakening the financial rules.” When government shirks its
Inflation Actually Fell in Three Areas That Point to a Healthier, Happier Life
According to a New York Times report, “Inflation cooled very slightly on an annual basis for a seventh straight month in January, continuing a deceleration that has come as supply chains have healed and prices for goods have moderated, but the details of the report offered reasons for concern. “Consumer Price Index data released on
High-Interest Savings Accounts at Marcus by Goldman Sachs Reach New High
Marcus by Goldman Sachs, the no-fuss, all-online platform that offers high-interest savings accounts and CDs with a variety of maturity dates, is now offering savings accounts at 3.75%. That’s quite a boost, since Marcus recently raised the rate to 3.5%, and was offering 2.75%, then 3%, not that many months ago. Those rates were high
Goldman Sachs: Expect Another Interest Rate Hike—But Not a Recession
From the “heard at Goldman Sachs” newsletter: 2022 was quite a year for the economy and the markets. If you’re wondering where all of it may be headed next, you’re in good company. One big question remains: Can overheated inflation be cooled without a recession? This is how our colleagues in Goldman Sachs Asset Management’s Strategic
NuVerse Advisors Moves Headquarters From New York to South Florida
NuVerse Advisors LLC signed a long-term lease to occupy the 20th floor of the Optima Onyx Tower at 1010 S. Federal Hwy. in Hallandale Beach to serve as its global headquarters. The investment firm first entered the Florida Market in 2012 with the move of its chairman, trading and back-office functions to One Turnberry Place
What Goldman Sachs Economists Think About 3 Major Recession Risks
By Goldman Sachs It’s the question of the moment—Is the United States on the brink of a recession? Everyone has an answer. The consensus forecast puts our chances of being in a recession within the next 12 months at 63%. Some economists believe the risk is as high as 100%. Our colleagues in Goldman Sachs
What Are the Top 10 Global Financial Centers?
Despite the strenuous displays of boosterism from local officials, don’t expect Miami to surpass New York as a global financial capital anytime soon. So says the data from the just-released 32nd edition of the Global Financial Centres Index, a twice-yearly survey closely followed by the global financial community. New York leads the pack, and not by
