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Banking and Finance

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German lender Commerzbank sues Wells Fargo, others

German lender Commerzbank AG is suing four U.S. banks in an attempt to hold the banks accountable for almost $2 billion in losses related to mortgage-backed securities, The Wall Street Journal reported. According to court…
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MetaBank partners to provide financing for health care lender

MetaBank announced today that it recently entered into an agreement with San Diego-based ClearBalance, a leading provider of consumer-friendly patient loans. The Sioux Falls, S.D.-based financial services company said it will provide financing for a…
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15 Top Deals of 2015

Dealmakers are extraordinary problem solvers. Often, we admire them for their vision and ability to create something great. Sometimes, however, they are forced to use their skills to keep a bad thing from getting worse.…

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Event Jan. 12: ISU offers seminar on exports

Iowa State University will host a seminar on export strategies and development Jan. 12 at Iowa Farm Bureau Federation, 5400 University Ave., West Des Moines. The daylong session will include roundtable discussions of financing, market …

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A Closer Look: Dan Houston

When Dan Houston was nearing graduation from Iowa State University in 1984, he had three corporate job offers to choose from — one in the forestry business, another in the tire industry and a third …

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Task force recommends higher pay for financial arbitrators

The Financial Industry Regulatory Authority should pay arbitrators more, require explanations for arbitration decisions and implement an automatic mediation process to improve its ability to address customer and broker complaints against brokerage firms, a task …

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Greenspan joins call for more immigration to ease workforce shortages

Former Federal Reserve Chairman Alan Greenspan believes the economy would thrive if the United States eased immigration restrictions, CNN Money reported.


Greenspan said a key program for highly skilled workers – the H-1B visa program should be expanded.…
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Fed pulls trigger on rate hike; ‘gradual’ is key word

The Federal Reserve today raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with…
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Coralville TIF districts contribute to lower debt rating

Moody’s Investors Service Inc. has dropped its rating of the city of Coralville’s $93.5 million of general obligation unlimited tax debt to Baa3 from Baa2 and changed the rating on the city’s $146.6 million of …

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Regulator to big banks: Rescue yourselves next time

The largest U.S. banks will soon have to take the additional step of showing regulators how they can keep from failing in the first place, Bloomberg Business reported. The Office of the Comptroller of the Currency, which …