Banks must now track use of TARP funds

Financial institutions are being asked to track and report their use of government money received through the $700 billion bailout program, according to a Federal Deposit Insurance Corp. (FDIC) directive issued yesterday to about 5,100 …

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Tickers: Jan. 13

The Iowa Transportation Commission today awarded up to $469,210 to assist Waukee in paving approximately 1,850 feet of Northeast Westgate Drive west of Northeast Alice’s Road in the Crossing at Alice’s Road development. Funding will …

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ING to lay off 72 in Des Moines

ING Groep NV will lay off approximately 72 people in Des Moines this week as part of 750 job cuts across its U.S. operations.

The cuts will take place throughout the week and affect employees …

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Citigroup and Morgan Stanley work out a deal

Citigroup Inc. CEO Vikram Pandit pledged last fall that he wouldn’t sell Smith Barney, the company’s brokerage operations; however, after billions of dollars in losses, Citigroup is now negotiating a $10 billion deal that would …

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Tickers: Jan. 12

Principal Financial Group Inc. announced today that it will release its fourth-quarter results at 3 p.m. Iowa time on Feb. 9. President and CEO Larry Zimpleman and Senior Vice President and Chief Financial Officer Terry …

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Deep-water drilling firm stands above the rest

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