Banking and Finance

Des Moines Register: A whistleblower is believed to have prompted the Internal Revenue Service’s action to revoke Prairie Meadows’ federal tax exemption, recorded conversations during a private meeting of the casino’s board reveal.…

Financial institution leaders considering whether to adopt the new blockchain technology should first ask what problems they want to solve, according to a white paper by TMG. The white paper, written by TMG Chief Technology Officer Pam …

Fixed indexed annuity sales reached a new high in the first quarter of 2016 at $15 billion, according to Wink’s Sales & Market Report. Fifty-five indexed annuity carriers participated in the survey, which represents nearly …

The Office of the Comptroller of the Currency today terminated its mortgage servicing-related order against Wells Fargo Bank N.A., and assessed a $70 million civil money penalty against the bank for previous violations of the …

Wells Fargo & Co. will enter the mobile payments market with Wells Fargo Wallet, which will be available later this summer to customers who download the bank’s app to their Android phones. Wells Fargo said …

Sixteen cities with state loans for water quality projects will save a combined $1.9 million in interest rates after the Iowa Finance Authority and the Iowa Department of Natural Resources lowered the interest rates for …

Senior citizens in 47 states and the District of Columbia aren’t replacing enough of their pre-retirement incomes, according to a new Bankrate.com study. Many financial experts believe retirees need at least 70 percent of the income they …

The Bridgepoint Midwest M&A Index, a measure of corporate merger and acquisition activity in the Midwest, decreased another 7.8 percent in the first quarter of 2016. On a year-over-year basis, the index decreased 18.7 percent …