TD Bank will create 1,600 jobs in South Carolina over the next five years as it expands its headquarters in Greenville, S.C. and adds jobs in Lexington, S.C., the company announced Wednesday. The bank will receive an undisclosed amount of taxpayer-funded incentives in exchange for its commitment. TD
Read story »By FITSNews || Remember that bank that received $350 million in bailout money? Right before its top executive got a $12 million golden parachute? Obviously, that sad (crime) scene has been played out hundreds of times all across the country, but here in South Carolina the players involved in this
Read story »By FITSNews || A South Carolina bank that received nearly $350 million in bailout money has been sold to a Canadian bank in a deal that will cost shareholders tens of millions of dollars and U.S. taxpayers more than $216 million. The South Financial Group (TSFG) - whose former chief executive Mack
Read story »By FITSNews || (Former?) S.C. First Lady Jenny Sanford is dating again - one month after she was granted a divorce from her cheating husband, S.C. Gov. Mark Sanford. FITS spoke with several sources who saw the First Lady at the Masters' golf tournament in Augusta, Georgia last weekend, although only
Read story »By FITSNews || A month after its most famous board member resigned, another rat is scurrying from the sinking ship of what used to be South Carolina's largest financial institution. According to an exclusive report from our friends at the Cotton Boll Conspiracy, the director of corporate financial
Read story »Liberal Lake City, S.C. financier Darla Moore has resigned from the board of directors of The South Financial Group (TSFG), a bank which has received nearly $350 million in taxpayer-funded bailout money from the federal government. "As you know, I've been considering this matter for some time, primarily
Read story »The seemingly imminent collapse of South Carolina's signature government-funded "economic development" project - and the leveling of federal bank fraud charges against a former University board member - have President Harris Pastides hanging on by the thinnest of threads at the University of South Carolina. In
Read story »The U.S. Treasury Department is investigating the $13 million "golden parachute" given to former South Financial Group CEO Mack Whittle, which continues to go woefully unreported in this state despite the fact that Whittle's bank - the largest in South Carolina - is getting a cool $347 million from the
Read story »After months of silence, South Carolina's mainstream media is finally devoting some ink to the "golden parachute" received by retiring Carolina First founder Mack Whittle. How come? Well, the former USC Board of Trustees Chairman and Carolina First founder is getting called out by none other than
Read story »Retiring South Financial Group CEO Mack Whittle is receiving a compensation package worth $12 million as part of his decision to step down from the helm of his troubled company, according to reports published a month ago that somehow eluded the vast majority of South Carolina's mainstream media. From
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