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Banking and Finance

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Dwolla, Shazam submit plans to speed payments

Financial technology startup Dwolla and payment processor Shazam Network have submitted proposals to a Federal Reserve task force charged with figuring out how to speed up electronic payments, The Des Moines Register reported.Industry experts say such …

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Bank loss rates on CRE loans up in fourth quarter

Loss rates on banks’ commercial real estate loans rose in the final quarter of 2015 after being at multiyear lows the rest of the year, according to data from Sageworks, a financial information company, Forbes reported. First-quarter …

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A good cocktail for M&As

Newly announced mergers and acquisitions, ranging from megadeals like the Dow Chemical Co.-DuPont Co. merger to local deals joining Iowa-based companies, made Iowa headlines throughout 2015. 

Among the deals were some big acquisitions by foreign-based …

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Orchestrate acquires Sagacious

Orchestrate LLC, a West Des Moines applications, services and support firm serving financial services companies on Salesforce.com, has agreed to acquire Sagacious Inc., also a West Des Moines firm. As part of the transaction, Sagacious’ …

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Iowa joins $56M derivative bid-rigging settlement

State attorneys general from nearly two dozen states, including Iowa, announced multi-million dollar settlements Wednesday with two investment firms that the states allege rigged bids in connection with certain financial products sold to government and…
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Loan growth led a profitable year for Iowa banks

Residential construction loans at Iowa banks posted double-digit gains in 2015 and helped boost loan growth 6.4 percent over 2014, according to the Iowa Bankers Association. By the end of the fourth quarter, banks had …

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Principal authorizes $400 million in stock repurchases

Principal Financial Group Inc. announced that its board of directors has approved an authorization for the repurchase of up to $400 million worth of the company’s outstanding common stock. The repurchases will be made in …

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Principal announces key leadership changes

Principal Financial Group Inc. on Tuesday announced several key leadership changes, among them the retirement of Terry Lillis, executive vice president and chief financial officer. Terry Lillis

Lillis, who has been with the company for …

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White paper: Big and small data strategies can work together

The hype about big data can distract from the power of small, real-time data. To address the issue, The Members Group CEO Shazia Manus has written the first in a series of white papers on …

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Registration still open for financial literacy scholarships

Iowa high school seniors still have time to register for a scholarship that gives them a chance to receive $2,000 for college while learning important financial literacy skills. In addition, each recipient’s high school will…