Banking and Finance

U.S. car buyers owe $1.3 trillion in auto loan debt – equivalent to 5.5% of the national GDP –according to data from the Federal Reserve Bank of New York, reports the Cedar Rapids Gazette. In Iowa, the auto debt …

Michael Swanson, an agricultural economist at Wells Fargo, is among the featured speakers at the 2019 Iowa Bankers Association’s annual convention that begins Monday at Community Choice Credit Union Convention Center. Other speakers include Jeff …

Wells Fargo’s newly relocated downtown branch will open at 9 a.m. Oct. 7 at 801 Walnut St. The current downtown branch at 666 Walnut will close permanently at noon Oct. 4. The new branch will …

Principal Financial Group announced that Gary Scholten, executive vice president, chief information officer and chief digital officer, will retire effective Dec. 31, after nearly four decades with the company. Scholten joined Principal in 1980 and …

Iowa-chartered banks provided $63.2 billion in loans to Iowa businesses this year through the end of the second quarter, up 5.06% from the same period in 2018, according to results released by the Federal Deposit …

Raleigh, N.C.-based Captrust Financial Advisors, which has an office in West Des Moines, has acquired South Texas Money Management, a $3.7 billion San Antonio-based wealth management firm, Financial Planning magazine reported. The acquisition, the firm’s largest …

The American Institute of CPAs has presented Andy Nielsen of Ankeny with its 2019 Outstanding CPA in Government Career Contribution Award. Nielsen, who retired in December 2018 as Iowa’s deputy auditor, distinguished himself through his …