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Banking and Finance

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Toyota Financial cuts 322 jobs in Cedar Rapids as part of office closure plan

Corridor Business Journal: Toyota Financial Services will eliminate 322 positions at the company’s Cedar Rapids customer service center, according to a Worker Adjustment and Retraining Act notice filed with Iowa Workforce Development this week. The cuts …

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Refunds coming for some TurboTax customers

Radio Iowa: Iowa will receive more than $1 million as part of a multistate settlement with TurboTax. The Iowa attorney general’s office says TurboTax has agreed to pay the states involved $141 million following claims that …

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NOTEBOOK – ONE GOOD READ: Rising interest rates sparking higher down payments for home loans, return of ARMs

Last week, the average interest rate for a 30-year home mortgage was 5.1%, the highest it’s been since December 2009, according to data compiled by FreddieMac. The higher interest is pushing some buyers out of …

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Principal survey finds inflation, hiring among concerns for small and mid-sized businesses

The latest Principal Financial Well-Being Index found that small and mid-sized businesses have improved financially over the past year but that progress is tempered by concerns related to inflation, hiring, rising interest rates and the geopolitical …

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Principal reports lower year-over-year net income in first quarter

Principal Financial Group on Thursday announced earnings results for the first quarter. Net income attributable to Principal in the quarter that ended March 31 was $376.2 million, or $1.43 per share, compared to $517.1 million, …

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BKD and DHG announce new name for combined firm

Two leading U.S. accounting firms, BKD and DHG, on Wednesday announced that the name of their combined professional services firm will be FORVIS. The two firms agreed to a merger of equals in February, with …

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Top Des Moines private employer Wells Fargo cuts jobs as mortgage business sputters

Des Moines Register: Wells Fargo & Co. confirms it has laid off home-lending division employees after its mortgage business declined amid rising interest rates. Bank spokesperson Lylah Holmes told the Des Moines Register in an email …

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Wells Fargo celebrates completion of solar array in West Des Moines

Wells Fargo recently celebrated the completion of a solar energy project at its Jordan Creek campus in West Des Moines. The company touts the project as the largest behind-the-meter solar project in Iowa. It will …

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Wells Fargo launches Small Business Resource Navigator portal

Wells Fargo on Tuesday announced the launch of an online portal designed to help small business owners connect to potential financing options and technical assistance through Community Development Financial Institutions across the country. The Small Business …

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Principal to examine global financial inclusion trends with new index

Principal Financial Group today announced it will launch the Global Financial Inclusion Index in collaboration with the London-based Centre for Economics and Business Research, a global consultancy group.

The inaugural index and its analysis will …