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Banking and Finance

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Sammons Financial announces new unifying brand

Sammons Financial Group Inc. is introducing a new marketing name and brand image to provide an updated look and feel. The new oak leaf imagery unifies the distinct lines of business under a common theme, …

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Guest Opinion: The retirement conundrum

Retirement (the “R” word) is hard for both organizations and employees. Yet, retirement is an important transition and it is often handled poorly by organizational leaders. Older workers don’t want to mention the word for …

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CFO of the Year: Tammi Guldenpfennig

Tammi Guldenpfennig has played a key role in the growth that Kemin Inc. has experienced during her 30 years with the company. 

When Guldenpfennig joined Kemin in 1990, the Des Moines-based nutritional ingredients manufacturer had …

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NOTEBOOK – One Good Read: A history of coronavirus outbreaks and the stock market

The recent outbreak of the 2019 novel coronavirus (the virus emanated from Wuhan, China) is now starting to hit the financial markets both here and abroad. If we look back in history according to Yahoo finance, the most …

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Bank of America seeks applicants for Student Leaders paid internship program

Bank of America is accepting applications for its expanded Student Leaders internship program, which last summer was offered for the first time in Greater Des Moines. This year the program will again offer paid internships …

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Principal affiliate seeks to further expand its CLO portfolio

Principal Financial Group has been actively building its portfolio of collateralized loan obligations over the past two years through the efforts of one of its boutique investment firms, Post Advisory Group.

 In September 2017, the …

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West Bank reports record earnings of $28.7 million for 2019

West Bancorporation Inc., parent company of West Bank, today reported 2019 net income of $28.7 million, or $1.74 per share, compared with 2018 net income of $28.5 million, or $1.74 per share. The West Des Moines-based bank …

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Affiliates Management donates $250,000 to Iowa Credit Union Foundation

Affiliates Management Co., the holding company of the Iowa Credit Union League, this week helped the Iowa Credit Union Foundation kick off its 25th anniversary year with a donation of $250,000 in support of ICUF’s …

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Principal Foundation study shows young Americans face financial crises early

More than half of Americans under the age of 30 say they have already hit their “financial rock bottom” — due primarily to mental health challenges, job loss and debt as the major causes, according …

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Wells Fargo quarterly profit slumps as legal costs mount

Wells Fargo & Co. today posted a 55% slump in fourth-quarter profit, Reuters reported, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses. …