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Banking and Finance

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Higher incomes mean more loans

Wealthy Americans are leading in borrowing in all categories except student loans, magnifying their advantage in purchasing power over their poorer counterparts, Bloomberg reported.   As earnings diverged and lending standards tightened in the wake of…
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Wells Fargo names new chief of a home lending division in Greater DM

Perry Hilzendeger will lead Wells Fargo & Co.’s home lending servicing division, which is based in Des Moines, according to a release. Hilzendeger will oversee more than 17,000 people who service mortgage and home equity …

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Registration open for Iowa Student Loan scholarship contest

Registration is open for a scholarship that offers Iowa high school seniors a chance to receive $2,000 for college while learning important financial literacy skills. In addition, each recipient’s high school will receive a corresponding …

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Branstad names new superintendent of banking

Ron Hansen, chairman and CEO of Liberty Trust & Savings Bank in Durant, has been named superintendent of the Iowa Division of Banking, beginning Nov. 16. Hansen replaces Jim Schipper, who retired Oct. 8 after …

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Event Nov 3: Central banks forum at Drake

Drake University will host a panel discussion on “The Changing Role of Central Banks,” sponsored by Principal Financial Group Inc. and the Principal Financial Group Center for Global Citizenship. The free public event is scheduled …

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Event Dec. 3-4: Iowa Taxpayers Association annual meeting and tax symposium

The two-day meeting at The Meadows Events and Conference Center in Altoona is geared toward tax, legal and government affairs professionals from all levels with an interest in topics of statewide interest who are seeking …

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Marketplace lenders are here, sort of

Marketplace lending is out there, lurking, apparently waiting on a no-expectations invitation from Iowa banking and securities regulators to set up shop.

The multibillion-dollar online arena where borrowers hook up with individuals and institutions willing …

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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.…