Ixis Asset Management Advisors Group has announced the hiring of Michael Kardok to be a senior vice president and fund treasurer.
Mr. Kardok is to be responsible for the CDC Nvest Funds, the Loomis Sayles Funds, and the AEW Real Estate Income Fund, the company said on Jan. 12.
He joined Ixis from PFPC Inc., where he was a senior director in its fund accounting and administration unit. Previously, he was a senior manager at Deloitte.
The Iran war's disruptions have sent oil prices jumping, but drillers are far more disciplined than they were a decade ago.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
BayFirst Financial in St. Petersburg named veteran Tampa-area banker Al Rogers as its CEO and announced an $80 million capital raise. The bank sold its SBA-lending business last year, but it's still struggling to work through problems in its legacy loan portfolio.
