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Banking and Finance

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Quarterly small business optimism survey takes January bounce

Small business owners expressed a level of optimism not seen in a year in the latest Wells Fargo/Gallup Small Business Index survey, conducted Jan. 11-15. The index’s overall score rose to 67, a 13-point gain…
By BUSINESS RECORD STAFF | Feb 16, 2016
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China’s bad loans number highest in a decade

Soured loans at Chinese commercial banks rose to the highest level since June 2006 as the nation’s economic expansion slowed to the weakest pace in a quarter century, Bloomberg reported.


Nonperforming loans jumped 51 percent from…
By BUSINESS RECORD STAFF | Feb 15, 2016
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Coffin to become president of Bankers Trust

Don Coffin, who joined Bankers Trust Co. in 2008 as senior vice president of lending, has been promoted to president, effective March 1.


Don Coffin

The announcement comes as the bank has gone through a …
By BUSINESS RECORD STAFF | Feb 15, 2016
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Iowa farmland values down again; credit is tightening

Iowa farmland prices dropped 3 percent in the fourth quarter of 2104 and 5 percent over the year, the Federal Reserve Bank of Chicago said. In the five states that make up the Chicago Fed’s …
By BPC Staff | Feb 12, 2016
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Fitzgerald proposes state-run retirement savings for small businesses

Iowa’s treasurer aims to help remedy what he calls a retirement savings “crisis” in the state, The Des Moines Register reported. On Wednesday, state Treasurer Michael Fitzgerald proposed Retirement Savings Iowa, legislation that would create a trust …
By BPC Staff | Feb 11, 2016
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$13 million multistate agreement reached with MoneyGram

Dallas-based MoneyGram Payment Systems Inc. will improve its efforts to combat money transfer fraud and pay restitution to some consumers through a $13 million agreement with attorneys general in 49 states, including Iowa, and the …
By BPC Staff | Feb 11, 2016
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Application period begins March 1 for state rental housing incentives

The Iowa Finance Authority will begin accepting applications for the Workforce Housing Loan Program beginning March 1. The program is available to any community that needs additional rental housing as a result of employment growth. …
By BPC Staff | Feb 10, 2016
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Yellen: Rates will hinge on whether turmoil persists

Federal Reserve Chair Janet Yellen said the Fed still expects to raise interest rates gradually, while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that…
By BUSINESS RECORD STAFF | Feb 10, 2016
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Manus named an influential woman in payments

PaymentsSource magazine has featured a profile of Shazia Manus, CEO of The Members Group, in its 2016 Most Influential Women in Payments issue this week. She was selected by the editors of PaymentsSource, which covers the global payments …
By BPC Staff | Feb 9, 2016
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VIDEO: January general fund revenue up 3.8 percent

  January 2016 net general fund revenue was $21.3 million, 3.8 percent above the January 2015 revenue level, said Jeff Robinson, a senior fiscal analyst for the Legislative Services Agency, in his monthly video memo.…
By BPC Staff | Feb 9, 2016