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Banking and Finance

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SEC wants companies to disclose how climate change is affecting them

NPR: Every year, public companies in the U.S. are required to provide investors and regulators with detailed data about their financial performance and the risks they face. Soon, they may also have to disclose information about …

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Senate banking chair warns about private-equity ties to insurers, questions risks

The chair of the U.S. Senate banking committee this week asked federal and state insurance regulators to gather data on whether the increasing presence of private equity funds in the insurance industry creates risks for …

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GreenState doubles lending goal for people of color to $1 billion

GreenState Credit Union announced that its board of directors has doubled its goal of extending $500 million in home loans to people of color in the next decade, with a new goal of lending $1 billion …

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Wells Fargo provides $1.5 million grant to How Women Lead for venture fund

Wells Fargo today announced new resources designed to help increase the growth of female-owned small businesses, including a $1.5 million grant to How Women Lead. The San Francisco-based banking company said the initiative is “aimed …

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Former Davenport banker sentenced for SBA fraud; Des Moines exec to be sentenced

A former Iowa banking executive accused of attempting to defraud the Small Business Administration has been sentenced to nine months in prison and ordered to pay $4.5 million in restitution, the Iowa Capital Dispatch reported. Larry Charles …

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Iowa banks’ net income up 30.3% in 2021; loan balances up 2.7%

U.S. banks reported year-over-year increases in key financial measures for the fourth quarter and for full-year 2021, reflecting stronger economic growth, higher loan demand and improved credit conditions, according to the Federal Deposit Insurance Corp.’s fourth-quarter …

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Treasury Department to host virtual roundtable on climate-transition financing

The U.S. Department of the Treasury announced it will host a virtual roundtable, “The Climate Transition: Federal Policy and State and Local Government Best Practices,” on Thursday, March 3. The roundtable, co-hosted by the Treasury …

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Veridian CEO to participate in CUNA panel on diversity, equity and inclusion

Veridian Credit Union President and CEO Renee Christoffer will join a panel at the Credit Union National Association’s upcoming Government Affairs Conference to discuss “Diversity, Equity & Inclusion: The Key to Advancing Communities, Financial Well-Being for All …

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Principal hires new compliance, investor relations leaders

Principal Financial Group announced two new leadership hires within its compliance and investor relations operations. On Monday, Noreen Fierro (upper photo) joined Principal as senior vice president, chief compliance officer, overseeing all regulatory compliance operations for the …

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Accounting firms BKD, DHG announce plan to merge

Two leading U.S. accounting firms, BKD LLP and Dixon Hughes Goodman LLP (DHG), announced Thursday they will merge to create a new professional services firm with $1.4 billion in revenue. The two firms together will operate under …