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Banking and Finance

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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 …
By BPC Staff | Oct 26, 2015
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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 …
By BPC Staff | Oct 22, 2015
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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 …
By BPC Staff | Oct 21, 2015
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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 …
By BPC Staff | Oct 21, 2015
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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…
By BUSINESS RECORD STAFF | Oct 19, 2015
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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…
By BUSINESS RECORD STAFF | Oct 16, 2015
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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…
By BUSINESS RECORD STAFF | Oct 15, 2015
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U.S. Bank earnings up through third quarter

Minneapolis-based U.S. Bancorp, parent of U.S. Bank, said today profits grew 1.2 percent in the year that ended Sept. 30 to $1.49 billion from $1.47 billion. The increase in net income year-over-year was due to …
By BPC Staff | Oct 15, 2015
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Credit unions added $1.1 billion to the state economy in 2014

Every $1 spent by Iowa credit unions added 77 cents elsewhere in the state economy, and every job at an Iowa credit union supports an additional 1.28 jobs in the rest of the economy, according …
By BPC Staff | Oct 15, 2015
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CRE loans near pre-recession peak

Commercial real estate loans are on the verge of surpassing their pre-recession all-time peak of $1.731 trillion, InvestorPlace.com reported. Based on data from the Federal Reserve, loan value most recently measured $1.723 trillion, within 0.5 percent of …
By BPC Staff | Oct 14, 2015