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Banking and Finance

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McGladrey to adopt new global brand name of RSM

McGladrey LLP on Thursday announced it will adopt RSM as a common brand name, uniting with fellow firms of its global network RSM International to further strengthen the organization’s position as the leading global provider …

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Endecott named CFO of year for plastics industry

Innovative Injection Technologies’ chief financial officer, Morgan Endecott, has been selected as the Chief Financial Officer of the Year for the North American plastics industry. Endecott, who was honored recently in Chicago, was chosen from …

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Bankers Trust parent among top mid-tier banking operations

BTC Financial Corp., the parent of Bankers Trust Co., was named among American Banker magazine’s top mid-tier banks. Meta Financial Group Inc., the Sioux Falls, S.D.-based parent of MetaBank, which has three branches in Greater Des Moines, …

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Schipper to retire as state banking chief

Iowa Division of Banking Superintendent James Schipper will retire Oct. 8.  He was appointed to the position by Gov. Terry Branstad in January 2011. “The Iowa banking industry is strong and growing stronger,” Schipper said …

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Dwolla institutes free money transfers

Dwolla said Thursday it has launched a platform for businesses, banks and consumers that delivers real-time money transfer free of charge, making it the first U.S.-based payments network to offer free transfers, CNBC reported. Ben Milne, founder …

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A Closer Look: Emily Abbas

Emily Abbas, who became  Bankers Trust Inc. President and CEO Suku Radia’s chief of staff last year, has added chief marketing officer to her nameplate. In promoting her, Radia may have taken note that Abbas …

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Bankers Trust to merge Cedar Rapids operation into Des Moines charter

Bankers Trust Co. President and CEO Suku Radia told employees Tuesday that the bank will operate under a single charter, based in Des Moines, effective next Jan. 1. Des Moines-based Bankers Trust is the parent …

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Federal Home Loan Banks complete merger

The Federal Home Loan Bank of Des Moines announced today that it has successfully completed its merger with the Federal Home Loan Bank of Seattle and began operating today as one bank. Serving nearly 1,500 …

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Fed bond buying program helped most where needed least, report says

The first round of the Federal Reserve’s controversial bond-buying program helped most in parts of the country that needed it least, according to research released today, MarketWatch reported. Metro areas hit hardest by the recession received the …

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U.S. economy endured a first-quarter slump

The economy got off to an even weaker start this year than first thought, the federal government said today, as economic activity contracted amid a disappointing trade picture and continued caution on spending by businesses …