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Banking and Finance

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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 …
By BPC Staff | Feb 24, 2016
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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 …
By BUSINESS RECORD STAFF | Feb 24, 2016
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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 …
By BPC Staff | Feb 19, 2016
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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…
By BPC Staff | Feb 16, 2016
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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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