h digitalfootprint web 728x90

Banking and Finance

DSC 6869

Apollo, Athene partner with BNP Paribas to launch supply chain capital company

Apollo and its subsidiary Athene announced they have entered into a strategic relationship with BNP Paribas, a premier global bank, to provide a new solutions platform for working capital and supply chain needs with the establishment of Eliant …
By BPC Staff | Jan 25, 2022
DSC 6869

NOTEBOOK – ONE GOOD READ: Fed releases long-awaited study on a digital dollar but doesn’t take a position yet on creating one

The Federal Reserve did not take a position on a central bank digital currency, or CBDC, in its delayed 40-page report, but the report did show that a digital dollar is not in the near …
By SARAH BOGAARDS | Jan 25, 2022
DSC 6869

Iowa State Bank names Lauren Burgeson as first woman president

Lauren Burgeson has been named president of Iowa State Bank, making her the first woman to hold this position at the Des Moines-based bank. For more than 30 years, John Burgeson, Lauren’s father, was Iowa State …
By BPC Staff | Jan 25, 2022
DSC 6869

Principal Financial nears insurance units sale to Talcott Resolution, sources say

Reuters: Principal Financial Group is in advanced talks to sell two of its units, with capital reserves totaling $25 billion, to peer Talcott Resolution Life Insurance Co., according to people familiar with the matter. The deal …
By BPC Staff | Jan 20, 2022
DSC 6869

New partnership group to acquire State Bank of Bussey

A new partnership group, Palm Grove Bancorp Inc., has entered an agreement to acquire 100% of the issued and outstanding stock of State Bank of Bussey from Twin Cedars Bancorp Inc. According to a news …
By BPC Staff | Jan 18, 2022
DSC 6869

Wells Fargo reports strong Q4 earnings, beats analyst estimates

Wells Fargo & Co. today posted quarterly revenue that exceeded analysts’ expectations and reported a significant jump in profit, CNBC reported. Shares of the bank climbed about 2% following the earnings announcement. Net income for the fourth …
By BUSINESS RECORD STAFF | Jan 14, 2022
DSC 6869

LWBJ acquired by UHY

West Des Moines-based accounting firm LWBJ recently announced that it has joined UHY LLP, the 31st-largest U.S. accounting firm, as part of the Michigan-based firm’s Midwest region. The acquisition of LWBJ adds 65 employees to UHY’s more …
By BPC Staff | Jan 12, 2022
34950

Iowa banks intensify their connections with fintechs

As a key leader of several successful financial technology companies, Ryan Hildebrand has pioneered fintech platforms that are now used by leading banks across the United States as well as Europe. 

 

Last fall, Lincoln …
By JOE GARDYASZ | Jan 11, 2022
DSC 6869

Eide Bailly leader in Des Moines named to Graduate School of Banking faculty

Blake Crow, partner-in-charge of the Des Moines office of regional CPA and business advisory firm Eide Bailly, has been named to the faculty at the Graduate School of Banking at Colorado, one of the premier graduate schools …
By BPC Staff | Jan 10, 2022
DSC 6869

IPERS names Lakshminarayanan as chief investment officer

The Iowa Public Employees’ Retirement System, the state’s largest retirement system, has named Sriram Lakshminarayanan as its chief investment officer, effective Jan. 7. Lakshminarayanan joined IPERS in 2014 as chief risk officer. Previously, he worked as a …
By BPC Staff | Jan 4, 2022