AABP EP Awards 728x90

Banking and Finance

DSC 6869

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 …

DSC 6869

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 …

DSC 6869

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 …

DSC 6869

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 …

DSC 6869

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 …

DSC 6869

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 …

DSC 6869

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. …

DSC 6869

Kemin’s Guldenpfennig named Deloitte CFO of the Year

Tammi Guldenpfennig, senior vice president and chief financial officer of Des Moines-based Kemin Industries Inc., has been selected by the Business Record as the Deloitte CFO of the Year. 

The award will be presented to …

DSC 6869

Area nonprofits, credit union partner to open savings accounts for young men of color

Twenty-one middle school and high school boys at the Greater Des Moines Conference for Young Men of Color received $100 and a new savings account through a partnership between Community Choice Credit Union, Choice Creative …

DSC 6869

Longtime credit union leader to retire from ICUL

The Iowa Credit Union League announced that Jim Niederhauser will retire from his role as chief operating officer, effective July 1. Before being named COO of the trade association in 2018, Niederhauser worked in various …