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Banking and Finance

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Profits up at Great Western Bank

Great Western Bancorp Inc. reported profits of $33.8 million, or 60 cents per share, for its fiscal fourth quarter, which ended Sept. 30, compared with $27.9 million, or 48 cents per share for the same …

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Heartland Financial to buy Colorado bank

Dubuque-based Heartland Financial USA Inc. has reached a definitive merger agreement with CIC Bancshares Inc. of Denver in a deal valued at $83.5 million. Heartland Financial will pay about 20 percent of the total amount …

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Event Oct. 28: Former U.S. comptroller general to speak on public policy

Former U.S. Comptroller General David Walker will address the consequences of current public policy on the nation’s financial condition during a forum Wednesday hosted by Foster Group. Walker is a senior strategic adviser for PricewaterhouseCoopers.…
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Event Nov. 3: Microfinance, helping women worldwide

Shazia Manus, CEO of The Members Group, will speak on microfinance and its positive impact on women worldwide as part of the Iowa International Center’s Dialogue Series at noon Nov. 3 at the Central Library …

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Treasury Department cancels debt sale

The U.S. Department of the Treasury canceled its sale of two-year debt slated for next week due to fears Congress won’t act in time to raise the debt ceiling, CNNMoney reported. The department specifically cited “debt ceiling …

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The eyes have it: Wells Fargo to roll out biometric scanning

Wells Fargo & Co. is testing new banking technology that will allow its corporate customers to use biometric eye scanning to access accounts, the Denver Business Journal reported. The bank demonstrated the technology, which it plans to …

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Principal to launch deferred income annuity option

Principal Financial Group Inc. is adding a retirement plan product to its portfolio that will allow participants to purchase a deferred income annuity while they’re still contributing to their defined contribution plan. The Principal Pension …

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U.S. pension systems get a ‘lackluster’ score

Under the general measures of adequacy, sustainability and integrity, U.S. pension systems are continuing to drop through the ranks of the Melbourne Mercer Global Pension index, according to a release.


“The U.S. retirement system continues…
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CNN: U.S. economy is ‘fair’

Nearly half of U.S. investors responding to a poll by CNNMoney and E*Trade rated the economy just “fair,” CNNMoney reported.


The poll of 1,000 investors who have at least $10,000 in an online trading account asked…
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Bankers Trust reports 12 percent year-to-date earnings gain

Bankers Trust Co. earned $27.8 million through the third quarter, a 12 percent increase from the same nine-month period last year, according to a release.


Third-quarter earnings were up 5 percent to $9.4 million.


The…