It might surprise some financial industry observers to know the number of undercapitalized banks stands at its lowest level in four years.
The Federal Deposit Insurance Corp. defines undercapitalized banks as those with a total risk-based capital ratio below 8 percent, a Tier 1 risk-based capital ratio below 4 percent or a Tier 1 leverage capital ratio below 4 percent.
A survey by SNL Financial, a Charlottesville, Va.-based data services company, found that 41 banks and thrifts were undercapitalized – Tier 1 ratios below 4 percent – as of Dec. 31, compared with 42 institutions at the end of the second quarter and 67 institutions a year ago.
After a four-year run on Eastern Avenue that ended in 2010, Bonefish Grill is giving Las Vegas a second chance with its new location at Town Square, a shopping and entertainment mall.
Bonefish built a stand-alone 5,100-square-foot restaurant on a retail pad at the southwest corner of Las Vegas Boulevard and Sunset Road and hired back about 15 former employees, said Craig Leedom, the restaurant’s managing partner.
“At Town Square, we’re right off Las Vegas Boulevard, so visibility is phenomenal and the view is equally phenomenal.”
Think of angel investors, and you probably imagine business startups.
Phoenix Realtor Dave Dziedzic has brought his Housing Angels program to Southern Nevada to help local homeowners save their property while generating a little cash for investors.
Here’s how Housing Angels helps: It finds an investor to buy a home in a short sale from an underwater owner.
Las Vegas is seeing “extraordinary market conditions” with a 90 percent increase in residential land prices from a year ago and 37 percent increase in total sales volume, a local land expert said.
The spike in land values and acquisitions is largely attributable to improvement in the new-home market, Sunbelt Development and Realty Partners managing partner Bill Lenhart said.
There are peaks and valleys in any growth cycle, and Las Vegas is now coming back from an overcorrection of land prices before 2010.
The Las Vegas business community has taken its hits from the recession.
But there are still plenty of success stories, and most of them begin with someone willing to take a risk on an idea or business plan when others won’t.
Ten men and women who met that criteria were honored March 22 by the Las Vegas Business Press as Rising Stars of Business during the publication’s annual ceremony at the D hotel-casino on Fremont Street.
Anthon Marnell IIIM Resort President Anthgny Marnell III understands the concept.
A standout high school catcher at Bishop Gorman, Marnell went on to play collegiate baseball at the University of Arizona.
The son of casino building pioneer Tony Marnell II, the younger Marnell found success off the baseball diamond in business.
The complexity of the tax code continues to pose significant challenges to small businesses.
The National Small Business Association reports that 64 percent of small-business owners spent more than 40 hours per week last year dealing with federal taxes, up from 57 percent in 2011.
PAYROLL: One of the most common and costly tax-related problems for small-business owners is that they use the payroll taxes withheld from employees to finance business operations.
Free hands-on training session will teach new drivers skills to avoid accidents and eliminate distracted driving behaviors in 12 U.S. cities NASHVILLE, Tenn., April 1, 2013 /PRNewswire/ — Young drivers across the country will have a chance to learn potentially life-saving driving skills through the Bridgestone Teens Drive Smart Driving Experience.
The free program pairs classroom instruction with hands-on driving exercises to teach drivers how to better handle accident avoidance and the importance of eliminating distracted driving behaviors.
“Distractions on the road present challenges for all drivers, yet new drivers often suffer greater consequences due to their inexperience,” said Angela Patterson, Bridgestone’s teen driver safety coordinator.
(MATERIAL EXCLUSIVO PARA MEDIOS IMPRESOS. QUEDA PROHIBIDA SU PUBLICACION EN INTERNET) MEXICO, D.F., abril 1 (EL UNIVERSAL).
- El jefe de equipo de la escuderia McLaren, Martin Whitmarsh se dijo satisfecho del inicio de temporada que ha tenido el piloto mexicano Sergio Perez despues de dos carreras.
Destaco su serenidad para arribar a un auto que no se ha mostrado competitivo en los Grandes Premios de Australia y Malasia.
SAN ANTONIO, April 1, 2013 /PRNewswire/ — Wireless Expressways, Inc., (WE) the leading provider of in-building waveguide-based wireless distribution systems, announced today that it has been selected as a featured exhibitor in the Innovation Showcase sponsored by The Telecom Council of Silicon Valley in this year’s CTIA 2013 show in Las Vegas.
The Telecom Council’s selection criteria for the award were based on company innovation, momentum, viability, and management.
“CTIA conferences highlight communications technologies that are relevant to the fast-paced evolution of the wireless market,” said Charles Becker, President of WE.
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