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Banking and Finance

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A new ‘S.O.B.’

In early summer, Ronald Hansen took a phone call from John Sorensen, head of the Iowa Bankers Association.

“We need to talk about this S.O.B. position,” Sorensen said. Neither man is known for profanity, not …

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Bankers Trust reports record earnings for 2015

Bankers Trust Co. earned $37 million in 2015, a 12.4 percent increase from the previous year, according to a release. With assets of almost $4 billion, the Des Moines-based bank ranks among the top 250 …

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Veridian seeking board members

Veridian Credit Union has announced a call for candidates to serve on its board of directors. Eligible candidates are members in good standing and at least 18 years of age. Applications are due by 5 …

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Principal’s foundation awards $50,000 grant for library computers

The Principal Financial Group Foundation has awarded a $50,000 grant to the Des Moines Public Library Foundation for the Technology Fund Campaign. The grant will help with the purchase of new computers for the nearly …

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Bankers Trust names former CDS Global chief as leader of newly created IT position

Debra Janssen, most recently president and CEO of CDS Global Inc., has been named chief operations officer at Bankers Trust Co. She will start work Jan. 11, according to a release.


Janssen will join the…
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16 Industry Trends for 2016

I’m a bit of a futurist. I’ve always enjoyed thinking and debating with friends and colleagues about what the future will hold.

Seeing trends before they become fully adopted and understood is a key to …

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Proposed rule could cost financial services industry $2.4 billion

Implementing the U.S. Department of Labor’s proposed fiduciary standard on retirement accounts will hit the financial services industry harder than many believe and reduce annual revenues by $2.4 billion, or more than twice some current …

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IFA approves loans for water quality projects

The Iowa Finance Authority has approved a combined $20.7 million in low-interest loans for 15 sewer and drinking water projects. The loans are from the state’s revolving fund, which collects payments with interest that can …

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Vikings and Wells Fargo in the trenches over signs above football stadium

The Minnesota Vikings professional football team is making a goal-line stand against Wells Fargo & Co. in a lawsuit that has been moved from state court to federal court at the banking giant’s request, the Minneapolis …

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Feds plan to shift mortgage risk to private investors under new types of securities

The federal government is trying to get taxpayers off the hook for billions of dollars of potential losses if another mortgage crisis arrives, and in the process, it is quietly giving birth to a new …