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Banking and Finance

Veridian Credit Union logo

Veridian Credit Union seeks public nominations for local Giving Tuesday donations

Veridian Credit Union is asking for public input on which local nonprofit organizations should receive a portion of $35,000 for Giving Tuesday on Nov. 28. Members of the public are invited to nominate their favorite …
By Business Record Staff | Nov 3, 2023
Casey's

Casey’s awarded for revamped financial system reducing labor, bank fees

Casey’s General Stores Inc. received the Association for Financial Professionals 2023 Pinnacle Awards Grand Prize for excellence in treasury and finance for the implementation of a new banking system. The system has helped reduce labor …
By Business Record Staff | Nov 1, 2023
Principal logo2

Principal Financial reports Q3 earnings

Associated Press: Principal Financial Group Inc. on Thursday reported third-quarter profit of $1.39 billion. On a per-share basis, the Des Moines-based company said it had profit of $5.50. Earnings, adjusted for investment gains, came to …
By Business Record Staff | Oct 27, 2023
Bank 2 Getty

NorthRock, Sammons Financial partner to transform wealth management and advice industry

NorthRock Partners, a Minneapolis, Minn.-based full-service financial and lifestyle advisory firm, and Sammons Financial Group, a Midwest-based financial services company, announced a partnership aimed at enhancing and expanding a client-centric approach to the traditional wealth …
By Business Record Staff | Oct 20, 2023
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Regional banks’ preliminary Q3 earnings reports show mixed results

Several regional banks reported mixed profits but more stable deposits in third-quarter earnings reports released Wednesday and Thursday, according to the Wall Street Journal.

U.S. Bancorp and Citizens Financial reported sliding profits from a year …
By Business Record Staff | Oct 19, 2023
Drake logo

Drake forum will focus on identifying, measuring, managing risk

The Drake Risk and Opportunity Forum on Oct. 26 and 27 will allow participants to connect and learn from professionals managing risk in financial and non-financial organizations. Discussion topics for the forum include exploring artificial …
By Business Record Staff | Oct 18, 2023
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FIN Capital invites new women investors to Nov. 6 event

FIN Capital Investor Association is holding a membership event to welcome women accredited investors to join their efforts to fund startups in Iowa. FIN Capital is a membership network of individual female angel investors in …
By Business Record Staff | Oct 17, 2023
Bank 2 Getty

Large U.S. banks report rising profits in Q3, but have cautious outlook

Wells Fargo, JPMorgan Chase and Citigroup on Friday logged rising profits due to higher interest rates in better-than-expected earnings reports for the third quarter, according to Reuters and the New York Times.

But the major …
By Business Record Staff | Oct 13, 2023
Kaylee Williams

Digging into responsible risk

The Federal Reserve’s 10 consecutive interest-rate hikes began 18 months ago. Investors’ valuations of startup companies have come down from the record highs of 2021, and funds have slowed dealmaking in response to economic uncertainty …
By Sarah Diehn | Oct 13, 2023
Habitat for Humanity logo

McGill Junge Wealth Management helps double the impact of Habitat for Humanity

McGill Junge Wealth Management, a member of Northwestern Mutual’s exclusive Private Client Group, is celebrating its 10-year anniversary and spotlighting its philanthropic giving in Central Iowa. In honor of the milestone, the firm said it …
By Business Record Staff | Oct 11, 2023